{"id":31410,"date":"2024-05-27T10:43:18","date_gmt":"2024-05-27T10:43:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/toncoin-price-what-next-for-ton-as-tvl-surpasses-300-million\/"},"modified":"2024-05-27T10:43:18","modified_gmt":"2024-05-27T10:43:18","slug":"toncoin-price-what-next-for-ton-as-tvl-surpasses-300-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/toncoin-price-what-next-for-ton-as-tvl-surpasses-300-million\/","title":{"rendered":"Toncoin price: What next for TON as TVL surpasses $300 million?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/toncoin-ton-token-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/toncoin-ton-token-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/toncoin-ton-token-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/toncoin-ton-token-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Toncoin price bounces as total value locked (TVL) on the TON Blockchain surpasses $300 million.<\/span><\/li>\n<li><span style=\"font-weight: 400\">DeFiLlama data showed TON Blockchain\u2019s TVL at $315 million, up from $156 million on May 1.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Telegram related news and Pantera Capital\u2019s investment have been notable catalysts for Toncoin (TON).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/toncoin\/\">Toncoin (TON)<\/a>, the native cryptocurrency token of The Open Network (TON) Blockchain, currently trades around $6.40. <\/span><\/p>\n<p><span style=\"font-weight: 400\">After flipping negative amid profit-taking in recent days, the price of Toncoin looks poised for a major bounce.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">TON Blockchain TVL surpasses $300 million<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/defillama.com\/chain\/TON\" target=\"_blank\" rel=\"noopener\">data from DeFiLlama<\/a>, the total value locked (TVL) on the TON Blockchain has increased sharply this month. Indeed, the TON\u2019s ecosystem has seen the TVL jump from $156 million on May 1 to currently stand at $315 million.<\/span><\/p>\n<p><a href=\"https:\/\/defillama.com\/chain\/TON\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-205833\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/05\/ton-tvl.png\" alt=\"\" width=\"1050\" height=\"501\"\/><\/a><\/p>\n<p><span style=\"font-weight: 400\">The milestone comes as TON shows growing traction in the decentralized finance (DeFi) market. Top projects are across decentralized exchanges (DEXes), lending, liquid staking and gaming.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the past month, for instance, DEX protocols Ston.fi and Dedust recorded a TVL surge of 132% and 30% respectively. Liquid staking protocols Tonstakers and bemo also recorded notable increases of 20% and 17% respectively.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Toncoin price outlook<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Toncoin price reached highs of $7.63 in April, riding positive news and network developments.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Telegram\u2019s launch of an ad revenue share program with payouts in Toncoin and a TON Blockchain promotion The Open League provided some of the upside momentum. <\/span><\/p>\n<p><span style=\"font-weight: 400\">There was also a massive surge for TON token when venture capital firm Pantera Capital revealed a new investment in TON.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent market debut of Notcoin (NOT) also provided buyside pressure for Toncoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, TON price dipped amid a retreat for the broader market, with <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> and Ethereum\u2019s declines to support levels last week adding to the downside pressure. <\/span><\/p>\n<p><span style=\"font-weight: 400\">BTC and ETH are back above $68,000 and $3,800 respectively, helping top altcoins higher as meme coins <a href=\"https:\/\/coinjournal.net\/news\/pepe-and-floki-extend-gains-as-memecoins-tease-bull-run\/\">Pepe and FLOKI outperform peers<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">TON price looks poised for a bounce as it flips green on the daily chart.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/WLYYRTsI\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-205829\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/05\/toncoin-ton-price-chart.png\" alt=\"\" width=\"1074\" height=\"545\"\/><\/a><\/p>\n<p><span style=\"font-weight: 400\">If bulls strengthen above the immediate support zone, a breakout to $7 could bring a new all-time high into view. <\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, a downturn would risk a retreat to lows of $5.64 and potentially $4.86.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/toncoin-price-what-next-for-ton-as-tvl-surpasses-300-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Toncoin price bounces as total value locked (TVL) on the TON Blockchain surpasses $300 million. DeFiLlama data showed TON Blockchain\u2019s TVL at $315 million, up from $156 million on May 1. Telegram related news and Pantera Capital\u2019s investment have been notable [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31410"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31410"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31411"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}