Toncoin (TON) is trading at $3.71 today with a reported 0.11% decline in the last 24 hours. Despite its current bearish trend in the last 30 days, the crypto community is anticipating whether TON could reverse this month-long dip and push to $5.
In altcoin news while Toncoin tackles volatility, newcomer JetBolt (JBOLT) is creating buzz among crypto whales, having already sold over 320 million tokens during its ongoing presale. This young crypto is at the center of discussions, boasting its zero-gas transactions with near-instant finality.
Despite Toncoin’s current bearish sentiment, can it overcome this setback and meet $5? And what’s driving the growing whale interest in JetBolt? Read on to find out.
Toncoin Price Forecast: Can Toncoin Push to $5?
Toncoin (TON) is down by 4.33% over the past week and 29.33% this month. Despite the downtrend, some analysts are optimistic about Toncoin’s comeback and reach $5, especially as on-chain data signals a potential accumulation phase.
Chart illustrating Toncoin (TON)’s price in bearish trend in the last thirty days, according to CoinMarketCap.
One factor behind Toncoin’s downtrend is when Tapswap, a leading tap-to-earn player game, chose to launch its airdrop on BSC Chain instead of Toncoin. This move disappointed some community members, but TON’s network activity remains strong. According to on-chain data, Toncoin recorded a 15,117 TON jump in fees and over 4 million daily transactions on February 10th.
Can Toncoin bounce back and reach $5? Adding to the bearish sentiment, Toncoin has formed a “death cross” pattern in its price charts. The 50-day EMA crosses below the 200-day EMA, signaling a possible extended downtrend.
Despite this, CryptoQuant analyst Joao Wedson highlights that TON has reached a historic low on the Normalized Risk Metric (NRM), indicating a low-risk accumulation zone—a potential opportunity for long-term investors. Wedson also points to a -12.95% MVRV ratio (via Santiment), further confirming that TON is undervalued and may offer a “buy the dip” opportunity.
Analysts studying Telegram’s token moves suggest that sustained buying interest could help TON reach $4.96, while failure to maintain momentum could see it drop to $2.91. For TON to push to $5, it must break through resistance at $4 and regain investor confidence through increased adoption and network growth.
JetBolt (JBOLT) pushes past 320 Million Tokens Sold: What’s Driving the Growing Whale Interest?
While Toncoin’s push to reach $5 is unlikely at the moment, JetBolt (JBOLT) is making its name known in the field of ever-evolving blockchain. With its stunning record of selling over 320 million tokens since its debut, JetBolt has captured the attention of the crypto community.
JetBolt offers zero-gas technology which removes gas fees in blockchain transactions completely thanks to its deployment on the powerful Skale network. This technological breakthrough frees Web3 developers from costly gas charges, enabling them to build decentralized applications (dApps) without typical gas constraints.
JetBolt offers more than zero-gas tech. Its innovative AI-powered news aggregation tool displays blockchain news and crypto trending stories based on bullish or bearish market sentiment.
In addition, JetBolt’s cutting-edge Web3 wallet uses WebAuthN technology for streamlined use, ensuring easy access without compromising user freedom. JetBolt also provides lightning-fast transactions with rapid finality, delivering a smooth and efficient user experience.
Early adopters can get up to 25% more tokens when they purchase JetBolt’s Alpha Box packages or batch token deals. Buyers are rushing to get their JetBolt tokens ahead of the next 24-hour price increase
With its zero-gas technology and cutting-edge Web3 innovations, JetBolt is driving whale interest and gaining attention as a next-generation altcoin to watch.
Quick Recap: Can Toncoin Reverse 30-Day Bearish Trend and Push to $5 as Whale Interest for JetBolt Rises?
While Toncoin struggles to reverse its bearish trend, analysts are optimistic that TON can recover if the market conditions suddenly turn bullish. A broader crypto market rally, driven by favorable macroeconomic factors or increased investor sentiment, could help push TON past its current resistance levels.
Meanwhile, the new altcoin JetBolt (JBOLT) is causing a stir in the crypto community with its presale momentum that has already sold over 320 million tokens. This young token offers sophisticated blockchain innovations, including zero-gas technology, AI integration, and a Web3 wallet system, that attract the interest of whales.
Explore more about JetBolt by visiting its official website and X page today.
This write-up does not offer any kind of trading advice or financial advice. Crypto prices adjust often, and the crypto market is inherently volatile. Always take the time to engage in your own detailed research before buying any cryptocurrency.
