Toncoin (TON) has grown significantly recently, becoming one of the most successful cryptocurrency assets. After a spectacular rally to new all-time highs, Toncoin (TON) may begin a correction and roll back to lower levels. On the other hand, Mallconomy presale has sparked excitement and anticipation. It’s not just a platform, but a vision realized – a Browse-to-Earn Multidevice Metaverse Hub that empowers and rewards users in groundbreaking ways.
Toncoin makes history
In the coming days, the price may reach an all-time high, breaking the previous record. Whales, which have been steadily increasing their TON reserves over the past week, are significantly supporting the incipient rally. Moreover, In five days, addresses holding between 10,000 and 100,000 TON increased their reserves by 350,000+ coins. The $2.5 million addition was the largest purchase in a week since mid-March.
Such rates of accumulation indicate that large players are counting on a new historical maximum. However, the trend also means they could start selling as soon as the $7.3 high is broken. However, the relative strength index (RSI), which is used to identify overbought and oversold levels, is well above 70.0. This means that the asset is heavily overbought.
RSI. Source: TradingView
Historically, the entry of the indicator into this zone is accompanied by a correction against the backdrop of a cooling market. However, the bullish mood remains for another one or two days before the correction begins. If the situation repeats this time, Toncoin could continue to rise over the next 48 hours before starting to decline.
TON Forecast: Growth, and More Growth!
The price of TON at the time of writing is approaching resistance at $7.6. This barrier is a historical high for the token. Considering the conditions described above, TON is potentially ready to update the record. If the uptrend continues after breaking resistance and Toncoin holders refuse to sell, the price could reach $8.
coinmarketcap
However, if they decide to take profits before a new all-time high (ATH) is formed, the cryptocurrency could fall victim to a correction. This will cancel the bullish scenario. As a result, the price may drop to $7 or lower.
Mallconomy: A Thriving Metaverse Community Awaits
At the core of Mallconomy lies a vibrant community, pulsating with opportunities for all participants. Proprietors are invited to seize ownership of storefronts, cultivating flourishing businesses within the Mallverse. Owners can proudly showcase their unique NFTs and digital assets to a global audience, leveraging the platform’s expansive reach. Meanwhile, visitors are encouraged to immerse themselves in interactive experiences, exploring the boundless possibilities that Mallconomy has to offer.
Mallconomy offers various avenues for users to maximize their returns. Through features like Stake & Earn, users can effortlessly earn rewards by holding onto their Mallconomy tokens. Additionally, MallCards allow users to collaborate with their favorite brands, unlocking additional earning potential and fostering deeper connections within the community.
Tailoring New Storefronts in the Metaverse!
Mallconomy’s presale is igniting a revolution in the Metaverse. With its innovative approach to retail, community-building, and rewards, it promises to reshape the way we shop, earn, and connect in the digital age. Meanwhile, brands are empowered to seamlessly integrate into the Metaverse through Mallconomy’s platform. They can elevate their presence by integrating existing stores or crafting captivating new storefronts that perfectly reflect their brand identity. With access to a global audience, brands can tap into the vast potential of the Metaverse and connect with customers worldwide.
To enhance the shopping experience, Mallconomy utilizes cutting-edge AI-powered technology. ChatGPT-powered Avatars provide personalized support within stores, ensuring a seamless shopping experience around the clock. The Browse-to-Earn feature benefits both brands and visitors, allowing brands to capture customer attention and build loyalty while rewarding visitors for every interaction, making every moment in Mallconomy truly valuable.
The post Toncoin price is on the verge of setting a new all-time high, Mallconomy Presale Ignites the Metaverse first appeared on The VR Soldier.