Tonquine continues to rise, climbs up to $ 3.60 and is gaining June at a gain of at least 38%, as renewed investors interest and ecosystem prevented new lives in telegram-linked blockchain.
Summary
- The price of Toncoin jumped after Ston.fi, its biggest DApp raised $ 6.5 million from Ribbit Capital.
- It also jumped as it has been the fastest growing chain in the last seven days.
- The ton has also formed a highly bullying double-botum pattern.
The tonquine (ton) token jumped for five consecutive days, reaching a high level of $ 3.60, up to 38% from its lowest level in June. The last check on Saturday, it took place at the next $ 3.54. This boom increased its market capitalization to more than $ 3.7 billion.
After the largest decentralized application in its ecosystem, Ston.fi, the tonn price jumped, raised $ 9.5 million into funding on July 30, a sign that is an option about its platform. It raised these funds from the rebit capital and coinfund to fund its glory.
The Defee Lama data suggests that Stone handled over $ 6.7 million in the last 24 hours and over $ 113.33 million during the last 30 days.
The ton price also jumped as its transaction. Nansen data suggests that ton blockchain was a thunder-poststroing blockchain in the last seven days, as its active transaction rose from 32% to 3.8 million.
During the same period, its fees increased by 52%, which increased active address by 5%. These numbers mean that the network is doing good among users.
After the Ton Foundation and Kingsway Capital Partners, tokens jumped even after raising $ 400 million to form a treasury company to deposit tanquins.
The new, anonymous company will target to repeat what other firms have done in the past.
Tonquine price technical analysis
The daily chart shows that the price of tons also jumped after creating a double-botum pattern at $ 2.722. It is a specific pattern that features two lower and a neckline, in this case, at $ 3.5812. This is the most common rapidly inverted pattern.
The price of tonquine jumped above 23.6% Fibonacci retracement levels, which are about to transfer 50 days and 100 days. Therefore, the token would prefer to continue as bulls target the major resistance level at $ 4.77, 50% of the retracement level.
