Toncoin price momentum is rising as P2P.org launches no-minimum TON staking, potentially helping it break its all-time high amid strong market trends.
P2P.org, a leading staking platform, has recently expanded its services to include TON (Toncoin) staking, offering a significant change that could attract both new and existing users to the network. With no minimum staking requirements, users can now start staking with just one TON token. This change makes P2P.org an important part of the growing TON ecosystem and could help increase Toncoin’s price, especially as the overall crypto market is seeing a rise.
P2P.org’s TON Staking Expansion: A Game-Changer for Retail Investors
P2P.org has been a well-known platform for staking cryptocurrencies like Ethereum, Solana, and Cardano. Its new partnership with The Open Network (TON) blockchain is a big step in offering more choices, especially for regular investors.
Previously, TON staking platforms required users to stake tens of thousands of tokens to participate. For example, other platforms set minimum staking amounts between 10,000 and 300,000 TON tokens. With P2P.org’s no-minimum policy, anyone can start staking with just 1 TON token. This lowers the barrier to entry and allows a wider range of users to participate in the staking process.
By removing limits and lowering the minimum P2P.org has made it easier for more TON holders to join. This is expected to attract more investors and increase staking on the platform.
Toncoin Price Surge: Is Toncoin Ready to Break Its All-Time High?
Toncoin (TON) has been increasing in price, getting closer to its highest value ever. Currently, Toncoin is priced at $6.78, up 7% in the last 24 hours. It has gained 15% over the past week and 25% in the last month.
Toncoin price movement reflects increasing investor confidence, with more people seeing the asset as a viable investment. The token has been benefiting from the overall bullish sentiment in the crypto market. On December 6, 2024, the crypto market saw significant rallies, with Bitcoin reaching new highs, while other altcoins, including Toncoin, also posted strong gains. This broader market rally could be one of the driving factors behind Toncoin’s recent rise.
Toncoin’s previous all-time high (ATH) was $8.24, reached on June 15, 2024. With the current bullish momentum and the introduction of P2P.org’s new staking service, it is possible that Toncoin could soon reach this ATH again and potentially break it. If this trend continues Toncoin could exceed $8, possibly reaching $8.50 or more.
Key Indicators Supporting Toncoin Bullish Momentum
Signs suggest Toncoin could soon hit its highest value. The RSI is at 64, showing it’s not overbought yet, but rising with strong momentum. If the RSI gets closer to 70, it could enter the overbought zone, which may mean the price will keep going up in the short term.
Additionally, the Chaikin Money Flow (CMF) indicator on the 4-hour chart shows a positive reading of 0.20, which highlights strong capital inflows into Toncoin. This further confirms the bullish sentiment surrounding the token and suggests that investor confidence is growing.
Growing Interest in Toncoin Derivatives
Toncoin price rise is noticeable not only in the regular market but also in the derivatives market. In the last 24 hours, trading volume for Toncoin derivatives increased by 63%, reaching $644 million. Open interest which shows the total number of active contracts, also rose by 11%, reaching $286 million.
The rise in trading volume and open interest shows that more traders are getting involved in Toncoin which helps strengthen its price outlook. The growing activity in the derivatives market suggests that interest in Toncoin is increasing, which could lead to bigger price changes in the next few weeks.
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Conclusion:
P2P.org’s introduction of no-minimum TON staking is a game-changing move that will likely boost both staking participation and Toncoin’s price momentum. With the growing adoption of decentralized finance (DeFi) and increased institutional interest in staking, P2P.org’s platform could play a key role in the continued success of Toncoin.
As the market remains bullish, Toncoin is showing strong potential to break its previous ATH of $8.24. If the current positive trends in price, staking, and investor interest continue, Toncoin could achieve even bigger milestones. Whether it reaches new highs will depend on the market, but for now, the future looks very promising for Toncoin.
Also Read: Solana Price Prediction: Will SOL Hit $420 in a Christmas Rally?
