Toncoin Achieves New Milestone Amid Market Speculation

Summary:
Toncoin recently surpassed the $7.64 mark, sparking predictions of reaching $10 soon, supported by a golden cross pattern and network growth. The cryptocurrency, native to The Open Network L1 blockchain, has experienced notable gains, currently trading at $7.60 with a 6.70% increase in the last 24 hours. Its market cap exceeds $18 billion, with trading volume up by 117.14%. Near-term forecasts are bullish, predicting Toncoin to hit $9.87 in 5 days and possibly $24.87 in 30 days, contingent on reaching a $9 resistance level.
The network’s growth is reflected in the increase of active Toncoin wallets from 1.28 million to over 8 million, and a global user base of 49 million. The Total Value Locked is nearly $1 billion. Dogecoin, currently priced at around $0.1434 with a market cap above $20 billion, faces competition from Toncoin, which is challenging its 8th position among top cryptocurrencies. Dogecoin’s near-term outlook is less optimistic, with potential declines predicted over the next 30 days.
Toncoin’s technical indicators, including a 14-day RSI of 61.11 and SMAs of $6.38 (50-day) and $3.94 (200-day), suggest a likely upward trend, though high volatility remains a characteristic of the cryptocurrency market.