As a seasoned crypto investor with over a decade of experience, I have witnessed the ebb and flow of countless market cycles. The current bullish outlook, fueled by the meme coin market’s surge, particularly Dogecoin, has caught my attention. However, it’s not just DOGE that’s sparking interest; projects like Toncoin and Notcoin are also signaling an imminent breakout.
In the current surge of optimism within the crypto market, spearheaded by the meme coin sector after Dogecoin‘s recent rise, as well as the rise of Telegram-supported Web3 projects like Toncoin and Notcoin, there are strong indications of an upcoming bullish surge. Furthermore, the cryptocurrency market has been experiencing rapid growth due to the increasing involvement of institutional investors.
Currently, the rotation in the cryptocurrency market is leaning towards large-cap altcoins following Bitcoin‘s price surge to an unprecedented all-time high (ATH) of over $93K, a level not seen since its creation.
Toncoin (TON) Price Target
In the realm of crypto, I’ve found myself increasingly impressed with the TON blockchain. Over the past year, it’s been making waves as a strong contender within the layer one (L1) market. The project, backed by tech giant Telegram, has amassed an impressive total value locked at approximately $308 million, and boasts a stablecoins market cap of over $1.1 billion.
A significant number of Web3 initiatives have gone live on the TON blockchain lately. Notable decentralized finance (DeFi) projects on this platform include STON.fi, DeDust, bemo, and the EVAA protocol, with several others joining them.
Consequently, TON has expanded into a significant altcoin, boasting a fully diluted market cap valuation of over $27 billion and an average daily trading volume of approximately $743 million. In the recent past week, the price of TON has climbed by more than 12% to roughly $5.44 on Thursday.
Consequently, the price of TON has bounced back effectively from the previously set resistance level at around $4.6. If the TON price experiences a strong bullish breakout, it could potentially double (2X) in value before the year ends.
$TON is on the verge of Falling Wedge Breakout..!!
Looks Promising for the 2x Bullish Rally..📈
Midterm target : 11.80$#Crypto #TON #TONUSDT
— Captain Faibik 🐺 (@CryptoFaibik) November 14, 2024
Notcoin (NOT) on the Cusp of 170% Rally
In a swift rise, Notcoin (NOT), a popular mini app on Telegram built using the TON blockchain, is making waves as a strong competitor within the meme coin market. This mid-tier cryptocurrency, valued at approximately $840 million in its fully diluted market cap and trading around $620 million daily, has seen an increase of over 14% in the last day. On Thursday, during the mid-London session, Notcoin was exchanging hands at roughly $0.0082.
Over the past year, the Notcoin community on the Telegram app has expanded significantly, currently boasting over 18 million members. Data from the blockchain indicates that the NOT meme cryptocurrency already has over 11 million holders and is predicted to experience rapid growth in the upcoming years.
Additionally, the TON blockchain has experienced swift expansion over the past year, fueled by its association with the billion-strong Telegram user base.
$NOT Looks Promising for the Falling Wedge Breakout..!!
Keep an eye on it.. 🧐#Crypto #Notcoin #NOTUSDT
— Captain Faibik 🐺 (@CryptoFaibik) November 14, 2024
As reported by cryptocurrency trader Captain Faibik, the current price pattern appears poised for a bullish surge from a descending triangle in the daily chart. Since June, the price has been struggling within a downtrend, and now it seems to be making an effort to recover and initiate a new bullish phase.
If there’s a strong upward price movement, or bullish breakout, over the next few weeks, it’s expected that the price could increase by at least double (200%) within the following weeks, potentially reaching a fresh all-time high.
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2024-11-14 12:49