Unable to Locate Toncoin Blockchain Data – Banfield Investors frequently heed the recommendations of analysts and look for more advantageous investment options.
In this particular instance, nevertheless, it might be prudent to consider Banfield’s counsel with a grain of salt given he appears to be an extremely outspoken advocate for Internet Computer (ICP).
Banfield promotes ICP as though it were his life’s work. The investor stated that the lack of transparency in TONNE transactions was one of the reasons the cryptocurrency did not have a promising future. It was a little challenging for Banfield to locate a blockchain explorer for Toncoin.
Toncoin’s Comeback: Making Internet Computer Envious with a 95% Surge,Toncoin’s Comeback: Making Internet Computer Envious with a 95% Surge
In addition, the ICP maximalist pointed out that Toncoin was not truly decentralised because Telegram, a non-decentralized organisation, was involved in its creation.
Banfield continued by saying that Internet Computer also had a response for Toncoin’s Telegram affiliation.
The ICP enthusiast also asserted that negative indicators against Toncoin are heightened by its lack of distinctiveness. Furthermore, Banfield noted that although PancakeSwap and a few other cryptocurrency ventures did not use the Toncoin blockchain, TONNE nonetheless included them in its ecosystem.
Last but not least, Banfield pointed out that the investor would not want to pursue the TONNE project due to its unidimensionality and intense competition.
It’s interesting to see that TONNE has outperformed ICP in terms of pricing since inception. The price of TONNE has increased by 323% since its inception, whilst the price of ICP has decreased by 99%.
It becomes evident why Banfield is so adamant about encouraging people to purchase ICP tokens.
On the TONNE price charts, is that an ascending triangle?
The TONNE price developed a bullish technical pattern known as the “Ascending Triangle,” dealing Banfield yet another setback.
Price movements that enable a rising trendline to link the swing lows and a horizontal trendline to connect the swing highs are what cause the technical pattern to emerge. The triangle’s width at its widest point equals the pattern’s price goal.
The triangle pattern’s potential price goal, which is about $9.06, might be reached by the TONNE price if it materialises, rallying almost 55%.
Bull Run Resumes on Toncoin
Bulls must get the TONNE price over the immediate resistance level, which is about $2.45, in order for the rally to continue. Furthermore, the price of Toncoin may be able to hit the resistance around $2.64 if it breaks and consolidates above the immediate resistance.
On the other side, the cryptocurrency token may fall below the 20-day EMA (the red wave) support at $2.09 if the bears take control of TON’s price movement. Bulls may be forced to defend the 200-day EMA (the green wave) support at $1.85 if the market breaks below the immediate support.
On the daily charts, the TONNE RSI had a neutral value of 63.3.
Toncoin’s Comeback: Making Internet Computer Envious with a 95% Surge,Toncoin’s Comeback: Making Internet Computer Envious with a 95% Surge,Toncoin’s Comeback: Making Internet Computer Envious with a 95% Surge , TON coin Crypto news, TON coin News