Toncoin (TON) has been on a hot streak, surging double digits in the past 24 hours and boasting a 40% gain in the last week. This bullish run coincides with the launch of the Ton Foundation’s Open League initiative, a program designed to incentivize user and project participation on the TON blockchain. The price currently sits at $4.96, having reached a new cycle high of $5.28 on March 23rd. This surge comes amidst a broader market downturn for major cryptocurrencies, making TON a standout performer. Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? TON’s Open League Sparks Bullish Momentum The Open League, announced on March 20th, promises to distribute a hefty 30 million TON tokens (roughly $115 million) to participants. This sizeable reward pool has ignited excitement within the TON community, attracting new projects and users to the network. But can this momentum be sustained? Analysts are cautiously optimistic. Technical analysis paints a promising picture for TON. The Awesome Oscillator, a tool measuring market trends and momentum, displays a series of green bars, indicating a rise ..
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