Both Toncoin and Notcoin Web3 projects have significantly benefited from the vast Telegram community of nearly 1 billion global users.
Amid the ongoing crypto bullish outlook, led by the meme coin market following the recent Dogecoin DOGE $0.16 24h volatility: 8.1% Market cap: $23.70 B Vol. 24h: $1.66 B rally, Telegram-backed Web3 projects Toncoin TON $3.60 24h volatility: 9.7% Market cap: $8.90 B Vol. 24h: $337.45 M and Notcoin NOT $0.00207 24h volatility: 8.2% Market cap: $211.61 M Vol. 24h: $51.49 M have signaled an imminent bullish breakout. Moreover, the cryptocurrency market has continued to grow exponentially fueled by the adoption of institutional investors.
Already, the crypto cash rotation is favoring large-cap altcoins after Bitcoin price BTC $82 177 24h volatility: 4.8% Market cap: $1.63 T Vol. 24h: $50.05 B surged to a new all-time high (ATH) of above $93K for the first time since its inception.
Toncoin (TON) Price Target
The TON blockchain has emerged as a top contender in the layer one (L1) market in the past year. The Telegram-backed project has grown to over $308 million in total value locked and over $1.1 billion in stablecoins market cap.
Dozens of Web3 projects have deployed on the TON blockchain in the recent past. Some of the top-tier DeFi projects on the TON blockchain include STON.fi, DeDust, bemo, and EVAA protocol, among many others.
As a result, TON has grown to a large-cap altcoin, with more than $27 billion in fully diluted valuation and over $743 million in daily average traded volume. In the past week, TON price has surged over 12 percent to trade at about $5.44 on Thursday.
As a result, the TON price has successfully rebounded from the recently established support level above $4.6. A successful bullish breakout for TON price will yield at least a 2X rally before the end of this year.
$TON is on the verge of Falling Wedge Breakout..!!
Looks Promising for the 2x Bullish Rally..📈
Midterm target : 11.80$#Crypto #TON #TONUSDT pic.twitter.com/Fs9qLpCp7B
— Captain Faibik 🐺 (@CryptoFaibik) November 14, 2024
Notcoin (NOT) on the Cusp of 170% Rally
Notcoin (NOT), a fast-growing Telegram mini app based on the TON blockchain, has emerged as a top contender in the meme coin space. The mid-cap altcoin, with a fully diluted valuation of about $840 million and daily average traded volume of around $620 million, has surged over 14 percent in the past 24 hours to trade about $0.0082 on Thursday, during the mid-London session.
Having been launched a year ago, the Notcoin community on the Telegram platform has grown to more than 18 million. According to on-chain data, the NOT meme coin has more than 11 million holders and is likely to grow exponentially in the coming years.
Moreover, the TON blockchain has grown rapidly in the past year backed by the 1 billion Telegram users.
$NOT Looks Promising for the Falling Wedge Breakout..!!
Keep an eye on it.. 🧐#Crypto #Notcoin #NOTUSDT pic.twitter.com/nNmB60xwIu
— Captain Faibik 🐺 (@CryptoFaibik) November 14, 2024
According to crypto trader alias Captain Faibik, NOT price in the daily time frame is on the cusp of a bullish breakout from a falling wedge. Having been trapped in a falling trend since June, NOT Price has been attempting to rebound for a new bull cycle.
In case of a successful bullish breakout in the coming weeks, NOT price will likely rally at least 200 percent in the subsequent weeks towards a new all-time high.
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