TON Price Analysis October 2022

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TON is a token of platform Ton. Its current price is around $1.36 at the time of writing, with a low of $0.692, and it has a market cap of 1.6 billion dollars.

What is Ton?

TON stands for “The Open Network” and is a decentralized layer-1 blockchain that Telegram created to serve billions of people. It has fast transactions with low fees and easy-to-use environmentally friendly apps. TON’s goal is to provide the best user experience possible. 

They’ve made it incredibly easy to use, have minimal fees and fast transactions, and do not damage the environment. TON’s development community is dedicated to making it easy to use the token for anybody. They’ve also tried to add extra features that distinguish the token from other virtual coins.

What is TON?

TON is the coin of the Ton platform, which is around $1.36 at the time of writing, with a low of $0.692. It reached a high of $5.84, and its current ranking is #32, according to CoinMarketCap, with a market cap of 1.6 billion dollars. TON is a community-driven blockchain that helps enable fast transactions and support for various decentralized apps.

TON Coin Market Analysis 

TON has a total supply of 5,047,558,528 coins worth around $1.36 with a market volume of 11 million dollars, whereas the market capitalization is 1.6 billion dollars at writing. 

TON Price Prediction

In the 2H timeframe, the price action of $TON/USDT consolidates inside the ascending triangle. The price could not break the neckline of the double top. Currently, the price is moving above the support trendline of the triangle. We must wait for a successful breakout or breakdown to confirm its next direction.

For any time, on-demand analysis on $TON or any other coin can join our Telegram channel.

Ton Price Chart October 2022
TON Price Chart October 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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