Toncoin Breaks $1.7: Is It the Crypto Comeback of the Century? 🚀

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Well, folks, it looks like Toncoin [TON] decided to stir things up by climbing a modest 2% in the last 24 hours. And if you’re into a weekly rollercoaster, it’s up by a juicy 12.5%. Not bad for a coin trying to find its place in the sun, huh? The big news? Telegram tossed its hat in the ring with a shiny new self-custodial wallet in the good old US of A-a move that apparently sent investor spirits soaring, or at least raising eyebrows. 🤔

Meanwhile, Anthony Scaramucci, the finance wizard from Skybridge Capital, strutted onto the scene, touting Toncoin as one of his top three picks for 2026. Yes, you read that right-this guy is betting on a coin that was once at $7.50 and is now dangling around $1.72. Talk about a long-term vision with a dash of optimism and a sprinkle of gambling! 🎲

Remember those good old November days when the market was imbalanced on the 1-day chart? December picked up where it left off as traders and investors got curious. They breached the supply zone just after New Year-because there’s nothing like a fresh start to stir up some trading fever. 🎉

Should You Jump on the Toncoin Bandwagon?

Here’s the kicker-on-chain metrics aren’t exactly singing lullabies. Open Interest has been creeping up since October but is still a shadow of its August self. The mean coin age? Stuck since October, which is about as encouraging as a cat in a bathtub. No network-wide accumulation, just frantic sell-offs, probably fueled by panic or those tiny profits everyone dreams about. The MVRV? Still negative, so the holders of the past three months might be slightly richer in hopes than actual dollars. 💸

Token Terminal’s weekly active user count? Flat as a pancake-no growth, no excitement, just the same old, same old since late 2024. And the supply distribution? Smallholders are buying, larger whales are waving goodbye, evident from falling wallet counts holding over 1,000 TON. Looks like the big guys aren’t very interested unless there’s quick profit to be made. 🐳

When it comes to the overall market, 2025 has been a snooze fest for altcoins. Bitcoin’s been holding up better, and fancy ETFs are making it tougher for these smaller coins to steal headlines or make waves. The days of easy riches are probably gone-unless you’re into a good old gamble. 🎰

Summing it all up: Toncoin isn’t exactly throwing out fireworks or convincing us it’s about to shoot to the moon. Sure, short-term bounce might happen from its $1.70 support-possibly reaching $1.89 or even $2.01 if we’re lucky. But don’t bet the farm just yet. 🏡

Final Thoughts

  • Telegram’s wallet debut fueled a recent spike-proof that instant messaging still rules the crypto world.
  • Skybridge’s Anthony Scaramucci is hyping up the token-because what’s more fun than a million-dollar prediction?

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2026-01-03 08:15