The cryptocurrency market is underperforming for the third-consecutive day this week, however TON is at present outperforming the opposite main cryptocurrencies.
TON, the native coin of the Toncoin cryptocurrency, is at present outperforming the opposite main cryptocurrencies.
It has added greater than 10% to its worth and is buying and selling at round $1.3537 per coin at press time. There isn’t any catalyst behind Toncoin’s ongoing optimistic efficiency.
The rally comes because the broader cryptocurrency market continues its poor efficiency. The full cryptocurrency market cap has dropped under $920 billion for the primary time this month and dangers dropping under the $910 billion stage earlier than the top of the day.
Bitcoin, the world’s main cryptocurrency, continues its poor efficiency and has misplaced greater than 3% of its worth this week. BTC has dropped under the $19k stage for the primary time this week and is down by lower than 1% within the final 24 hours.
Ether can be down by 1% at the moment and is at present buying and selling at $1,278 at press time.
Key ranges to observe
The TON/USDT 4-hour chart is bullish, as Toncoin has been performing effectively over the previous few days. Toncoin is the most effective performer amongst the highest 100 cryptocurrencies by market cap at the moment.
The MACD line is above the impartial zone, indicating that the bulls are at present in command of the Toncoin market.
The 14-day RSI of 70 additionally reveals that TON might enter the overbought area if the market situation improves additional within the close to time period.
If the bulls stay in cost, TON might surge previous the $1.693 resistance stage over the following few hours.
Nonetheless, TON would want the assist of the broader cryptocurrency if it intends to achieve September’s excessive of $2.14 throughout the weekend.
With the bears nonetheless round, TON might lose a few of its good points and slip towards the $1.2001 assist stage earlier than the top of the day.
The place to purchase Toncoin now
As TON is such a brand new asset, it is but to be listed on main exchanges. You’ll be able to nonetheless buy TON utilizing a DEX (decentralised alternate) although, which simply means there are a couple of additional steps. To purchase TON proper now, comply with these steps:
1. Purchase ETH on a regulated alternate or dealer, like eToro ›
We recommend eToro as a result of it is one of many world’s main multi-asset buying and selling platforms, an alternate and pockets all-in-one with among the lowest charges within the trade. It is also beginner-friendly, and has extra fee strategies obtainable to customers than some other obtainable service.
2. Ship your ETH to a appropriate pockets like Belief Pockets or MetaMask
You will have to create your pockets, seize your deal with, and ship your cash there.
3. Join your pockets to the 1Inch DEX
Head to 1Inch, and ‘join’ your pockets to it.
4. Now you can swap your ETH for TON
Now that you just’re linked, you can swap for 100s of cash together with TON.