TON price prediction: TON coin stumbles at $6 as usage areas expand!

As the cryptocurrency market goes through an uncertain period, TON coin, the ninth largest cryptocurrency, is losing its one-week upward momentum. After suffering a major blow due to the Telegram investigation in previous weeks, the altcoin moved in a rising channel during the week, offsetting the losses it has experienced for the last three weeks. However, it is debated whether the altcoin, which fell again over the weekend, can reach $6 again in the short term.

TON coin adoption rate is increasing!

The TON Foundation, which adds a new one to crypto integrations, announced that a partnership was established for the new mini application of Tada Telegram in the X account. With this partnership, it will be possible to make payments in TON coin or Tether (USDT) that operate on the same network in the application. The newly announced Tada mini application will be available to Singaporean customers for free and this application will have smooth usability via Telegram.

Enjoy free rides with TADA mini during @token2049 in Singapore! 🇸🇬🚖

From Sept 14 to 18, TADA and TON are offering a special free ride event via TADA mini — a Telegram Mini App where users can book rides and pay with $TON or $USDt-TON.

🔗:

The first… pic.twitter.com/O0GhO0QdAq

— TON 💎 (@ton_blockchain) September 13, 2024

The main function of the application was described as calling vehicles for travel and making payments with specified cryptocurrencies. Tada, which will open the way for passengers to pay their travel fees with cryptocurrencies, will increase adoption and support the application with incentive discounts, as well as providing benefits to passengers and providing convenience by bringing together social media and cryptocurrencies.

TON coin price view

The altcoin, which increased adoption rate with the Tada mini application, has experienced setbacks in daily gains in the short term, although it has positive indicators in the medium term. Trying to compensate for the loss in value since mid-August, the altcoin, which has been moving in an upward trend for the past week, fell by more than 3% during the day. On a weekly basis, it increased by 22%.

TON coin EMA and RSI Source: CoinmarketcapThe altcoin, which has been fluctuating and staying above $5.75, is currently trading at $5.68 at the time of writing this article. In addition to the price retracement, the trading volume of the cryptocurrency has also decreased. The 200-day EMA value of the coin is located in the price zone. Furthermore, the Relative Strength Index (RSI) being above 50 indicates a strengthening buying trend.

The information in the text is purely for informational purposes and does not constitute investment advice. The author and kriptoparahaber.com are not responsible for any profits or losses resulting from your investments. Ultimately, investment relies on various factors such as knowledge, experience, research, and personal decisions.

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