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TonCoin Price Prediction 2022 – Will the value of TON Crypto increase?

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Despite the current bearish sentiment in the blockchain market. The price of TON is up 28% over the past few weeks, outperforming the price of Top 100 cryptocurrencies. Toncoin is still pumping hard. The token has started to rally as a result of an influx of positive developments in the TON network.

Toncoin price analysis and forecasts are fully covered in the video below, and you can also find additional cryptocurrency analysis on their site. YouTube channel.

The open network

TON is a fully decentralized layer 1 blockchain built by Telegram with billions of users on board. It features ultra-fast transactions, small fees, easy-to-use apps, and is eco-friendly. The Durov brothers, who also created the instant messaging service Telegram, founded it in 2018.

What is Toncoin (TON)

Toincoin is the original cryptocurrency of the Open Network (TON). It is used for transaction fees and blockchain security through staking, network development, and payment settlement.

Toncoin use cases

As the TON ecosystem expands, the impact of Toncoin on the new economy and Web3 will become more prominent.

  • Smart contract transaction processing fees.
  • Cross-chain transaction fees.
  • Stakes of validators required to maintain the blockchain.
  • Payment services provided by applications built on the platform.
  • Toncoin is an integrated governance software for on-chain TON.
  • Lending capital to auditors to earn interest.
  • Payment for blockchain-based domain names (DNS).
  • Pay for TON Proxy. (So)
  • Pay for decentralized data storage. (So)

TON price analysis

The cryptocurrency markets are having a bad day, which has caused many digital currencies to lose a lot of value. However, Toincoin has been pumping tremendously over the past month. TON is still up over 30% over the past week despite the recent correction, it actually moved almost parabolic, moving from the low of $1.72 to the high of $2.81.

If Toncoin can continue its upward trend, it could eventually reach the key Fibonacci target levels between $3.12 and $3.38. However, given the current downward trend in the cryptocurrency markets, the chance of a correction or a pullback is significantly higher.

At the moment, $2.16 is a crucial support level, and Toncoin should be able to hold this level in order to prevent further declines.

TON price prediction

If we look at the price range, we can see that there has been a correction and there are currently fourteen pulses from $2.19 to $2.49. Don’t buy on this particular impulse, and be careful if the RSI is overbought. Toncoin is up 50.15% in the last 30 days. As a result, we may expect a moderate recovery in the coming month.

By the end of December, the value of Toncoin had increased by 18.68%, reaching nearly $3.18. All indicators are currently pointing to bullish territory, and the Fear and Greed Index is recording 68.04 as a very high level of fear. Technical analysis indicates that now is not the ideal time to buy Toncoin.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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