🟡The cryptocurrency Toncoin, launched on The Open Network blockchain, has risen in value amid an increase in trading volume. Over the last 24 hours, the price of futures contracts for Toncoin has risen by 53%, and the total open positions have increased by 10%. Clients of cryptocurrency exchanges Binance, OKX, Bybit, and Bitfinex have created more long positions on the purchase of TON, forecasting an increase in the coin’s value.
🟡The spot market also shows growth: the trading volume of Toncoin has increased by 54%, and on September 10, almost $1 million worth of TON was withdrawn from trading platforms. This signals a reduction in the coin’s supply on crypto exchanges, raising the likelihood of maintaining an upward trend.
🟡The price of Toncoin reached a low around $4.46, and the market has since reversed. Since last Friday, the cryptocurrency has risen by more than 17%, and the bullish trend is likely to continue until the TON price reaches $5.38.