Toncoin (TON), the native cryptocurrency of the TON blockchain, has been the topic of a lot hypothesis as traders and merchants eagerly await the weekend’s worth motion.
Many are questioning if TON can break via the $7 barrier within the coming days. Cryptocurrency specialists at Changelly have weighed in on the matter, offering their forecast for the TON worth for the weekend.
Expert Predictions: Minimum, Maximum, and Average Prices
According to Changelly’s evaluation, the minimal buying and selling value for TON this weekend is likely to be $10.01, whereas the utmost may attain $9.68. This forecast means that Toncoin might expertise a range-bound buying and selling interval, with the potential for some volatility.
Interestingly, the specialists predict that the common worth of TON Token is likely to be round $9.85 throughout this era. This common worth sits comfortably above the present buying and selling worth of $6.41.
It is essential to notice that these predictions are based mostly on numerous components, together with market sentiment, technical evaluation, and historic worth actions.
Toncoin’s Recent Price Performance and All-Time High
At press time, Toncoin is buying and selling at $6.41, having skilled a 1.34% lower prior to now 24 hours. The cryptocurrency’s 24-hour buying and selling vary has been comparatively slim, with a low of $6.39 and a excessive of $6.55.
Despite the current dip, it’s price noting that TON reached its all-time excessive of $7.65 on April 11, 2024, simply two months in the past.
Currently, TON is buying and selling 16.18% beneath its all-time excessive, presenting a possible alternative for traders who consider within the long-term prospects of the undertaking.
However, it’s essential to strategy the market with warning and practical expectations. While professional predictions can present precious insights, the cryptocurrency market is thought for its unpredictability, and even probably the most promising initiatives can expertise short-term volatility.
