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Is It Too Late to Buy Toncoin? TON Price Up 10% as AI Crypto Signals Platform LPX Secures $1.3 Million

Sam Cooling
Last updated: | 3 min read
Source / Sam Cooling x MerlinLightWorks

Despite broader anxieties in the market, Toncoin (TON) is on the climb, after a +10% bounce off the 20DMA leaves price poised for technical rally.

TON is the native token for ‘The Open Network‘; an ecosystem for decentralised apps (dApps) and services built using scalable sharding blockchain technology.

TON Price Analysis: Is it too late to buy Toncoin?

Following the bounce from support, TON is now trading at a current price of $1.34 (representing a 24-hour change of +1.73%).

TradingView / TON USDT

This comes at a critical moment in price action, which has suffered a slow-moving -45% decline since March.

However, following a strong display of support by the Toncoin community at the rock-bottom $1.20 price level at the start of August, markets have become emboldened with TON climbing an impressive +12.2% since the beginning of the month.

Crucially, the upside moves have seen Toncoin reclaim support from the 20DMA, which now provides solid footing for a potential push to the upside.

However, Toncoin’s indicators provide some cause for concern, with the RSI overheating significantly on the recent bounce, still displaying bearish divergence in an over-bought signal at 51.5.

In contrast, the MACD remains bullish with minor divergence at 0.016, signaling a further upside move could be on the cards.

TradingView / TON USDT

With strong support from the 20DMA, TON has an upside target at $1.6 (+18.7%) in a move that would break almost three months of resistance.

To the downside, Toncoin has a local support level at $1.17 (-13.1%) and this would likely catch any tumble in price.

This leaves Toncoin with a risk: reward ratio of 1.43 –  a reasonable entry that could still capture upside gains.

But while TON holders are rejoicing at the upside move, many are wondering how the best traders get ahead to find the best-emerging plays in the market and secure big profits.

Meet Launchpad XYZ: Trading Insights Platform Using AI to Beat the Market

Source / Launchpad XYZ

Introducing Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.

Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.

At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.

The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.

<oembed url="https://twitter.com/launchpadlpx/status/1692491550180204951[/embed]

Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates a substantial user adoption.

With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.

Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.

As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.

Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.

Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.

Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth. 

For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter and Telegram to receive all of the latest updates and team news.

Buy LPX Here

.Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.