Binance has listed Toncoin (TON), the native cryptocurrency of The Open Network, with four new spot trading pairs: TON/BTC, TON/USDT, TON/FUSD, and TON/TRY. The trading for these pairs goes live on August 08, 2024, at 10:00 (UTC). Despite the Seed Tag applied to TON, the listing has already ignited bullish momentum.
Binance Listing Fuels Bullish Sentiment
The Binance announcement has led to increased excitement among investors. TON’s price currently sits at $6.40, with a market cap of $16.1 billion and a 24-hour trading volume of nearly $629.72 million. Notably, the cryptocurrency achieved an all-time high (ATH) of $8.24 just two months ago. Earlier this year, TON climbed into the top 10 cryptocurrencies by market cap, making it a highly coveted asset.
The listing on Binance has already sparked a 6.13% rise in TON’s price within the last 24 hours. Investors are optimistic that this upward trend will continue once trading officially begins on Binance.
TON Poised for a New ATH
Investors are now questioning whether TON can hit a new ATH of $10 following its Binance listing. The coin’s recent price action suggests that it might be on track to achieve this milestone. Moreover, some analysts believe TON could go beyond $10 and potentially reach $30 during this ongoing crypto bull cycle.
Zero Listing Fees and Future Prospects
In addition to the bullish momentum, Binance has also waived the listing fee for TON, further adding to investor confidence. While withdrawals for TON on Binance will begin on August 09, 2024, at 10:00 (UTC), deposits are already open for users who want to prepare for trading.
The TON listing on Binance marks a significant step in the coin’s journey, and investors are eagerly watching its performance. With bullish action already taking place, the future looks promising for TON, potentially setting new records in the current bull cycle.
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The crypto community is now waiting to see if TON can surpass its previous ATH and possibly reach new heights in the market.
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