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The cryptocurrency market is underperforming for the third-consecutive day this week, however TON is at present outperforming the different main cryptocurrencies.
TON, the native coin of the Toncoin cryptocurrency, is at present outperforming the different 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 is not any catalyst behind Toncoin’s ongoing constructive efficiency.
The rally comes as the broader cryptocurrency market continues its poor efficiency. The whole cryptocurrency market cap has dropped beneath $920 billion for the first time this month and dangers dropping beneath the $910 billion stage earlier than the finish 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 beneath the $19k stage for the first time this week and is down by lower than 1% in the final 24 hours.
Ether can also be down by 1% right this 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 finest performer amongst the high 100 cryptocurrencies by market cap right this moment.
The MACD line is above the impartial zone, indicating that the bulls are at present in charge of the Toncoin market.
The 14-day RSI of 70 additionally exhibits that TON might enter the overbought area if the market situation improves additional in the close to time period.
If the bulls stay in cost, TON might surge previous the $1.693 resistance stage over the subsequent few hours.
However, TON would wish the help 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 features and slip towards the $1.2001 help stage earlier than the finish of the day.
Where to purchase Toncoin now
As TON is such a brand new asset, it is but to be listed on main exchanges. You can nonetheless buy TON utilizing a DEX (decentralised trade) although, which simply means there are a number of additional steps. To purchase TON proper now, observe these steps:
1. Buy ETH on a regulated trade or dealer, like eToro ›
We recommend eToro as a result of it is considered one of the world’s main multi-asset buying and selling platforms, an trade and pockets all-in-one with a few of the lowest charges in the trade. It’s additionally beginner-friendly, and has extra cost strategies obtainable to customers than some other obtainable service.
2. Send your ETH to a appropriate pockets like Trust Wallet or MetaMask
You’ll have to create your pockets, seize your handle, and ship your cash there.
3. Connect your pockets to the 1Inch DEX
Head to 1Inch, and ‘join’ your pockets to it.
4. You can now swap your ETH for TON
Now that you simply’re related, you’ll swap for 100s of cash together with TON.
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