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Toncoin Price Prediction – Will TON Hit $10, or is TGC Token a Better Buy?

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While the Telegram crypto trend spurs on, one of the most prominent pioneers, Toncoin, has fallen flat this week, down 2.65%. However, its price has begun to recover, up 3.54% in the past 24 hours. Will it continue its recovery, or is it destined for new lows?

Meanwhile, Telegram-based casino TG Casino ($TGC) has significantly pumped in its presale, nearing $500K in just over two weeks.

Toncoin Finds Support at Macro Mid-Range Hinting at Upside Potential

The Toncoin weekly time frame chart shows the price has found support around the $2 level. This is a crucial level for Toncoin since it is near the macro mid-range between its all-time high (ATH) of around $3 and its bear market lows of $1.2.

The current weekly candle is forming a hammer, which is bullish since it represents strong interest from buyers. This is occurring at the $2 level, indicating a move to the upside is possible.

Moving to the daily chart, we can see the recent pullback was also a retest of the previous high. The bounce from this level is another strong indication of a bullish continuation. What’s more, TON is currently trading above the 200-day EMA, and the RSI is oversold, which are both promising factors.

However, the four-hour chart paints a slightly different picture, with the RSI showing overbought and the price trading just above the 200-day EMA. 

While trading above the EMA is bullish, the oversold RSI could mean a shorter-term pullback occurs, potentially towards the daily time frame 200-day EMA level around $1.78, before the next leg up.

TradingView analyst CryptoNiche forecasts that Toncoin will sell off from here. The trader first published the trading idea when Toncoin was priced at around $2.3. Since then, TON has sold off significantly, and the analysis’ final price target is $1.7 before a rebound.

Meanwhile, another trader, Trytofeelpositive, holds a more bearish outlook on Toncoin, predicting it could decrease to $1.49 based on an Elliott Wave analysis.

On the other hand, prominent YouTube analyst Jacob Bury recently predicted that the project could 30x long-term. His analysis referenced its robust utility and price charts as reasons why.

While the market sentiment on Toncoin is mixed, another higher upside potential Telegram-based project, TG Casino, is taking the market by storm after launching its presale recently.

Toncoin Alternative: TGC Token Presale Nears $500K with Telegram Casino Project Offering Over 900% APY

TG Casino is a Telegram-based project enabling anonymous gambling that Telegram’s one billion users can access. Its innovative use case has grabbed the attention of investors, with the project raising almost $500K in just over two weeks.

The project provides hundreds of games to wager on, is KYC-free, and users can get started from the Telegram app without even making an account. As such, it is one of the easiest places to start online gambling, and the exploding crypto casino trend provides its $TGC token with significant growth potential.

Holding $TGC grants users exclusive access to rooms and games, provides free rewards, and offers a 947% staking annual percentage yield (APY). The project is widely touted as one of the next to explode, thanks to its robust tokenomics and buyback mechanism.

TG Casino’s buyback mechanism will utilize a portion of the platform’s profits to repurchase $TGC tokens. It will then distribute 60% of these tokens to staking rewards, alleviating the need for inflationary tokenomics, and 40% will be burned. 

The project’s circulating supply will dwindle over time due to the token burning, further boosting the value of the remaining ones. Simultaneously, the added buy pressure from the buyback mechanism will help boost its price.

Considering its cutting-edge use case, carefully engineered tokenomics, and explosive presale, TG Casino has all the tools to soar once it is listed on exchanges.

That said, the presale is quickly selling out, leaving investors little time to buy before a potentially significant price increase.

Visit TG Casino Presale


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