The Toncoin ($TON) token underpinning The Open Network, a blockchain that was formerly part of Telegram, just hit an intraday high of $7.54 after being helped along by a sweltering 24-hour trading volume of $279 million.
In the last 24 hours, Toncoin rose about 2%, while adding around 3.5% to its price over the last seven days.
Toncoin’s current price is about 10% short of its all-time high (ATH) of $8.25 posted on June 15.
On July 2, The Open Network’s token came tantalizingly close to recapturing it as it hit $8.10, but nosedived swiftly back down, hitting a bottom of $6.52 on July 5.
Both these highs and lows have become new resistance/support levels for the token, as seen by the red and green trend lines on the chart below.
Source: TradingViewWhy The Open Network’s Toncoin ($TON) and Other Leading Cryptocurrencies Are Surging Right Now
Toncoin’s small rally comes amidst a wider market surge that has seen market leader Bitcoin ($BTC) add 4% to its price over the last 24 hours to hit $62,461.
Bitcoin’s rebound from below $60k last week is catalyzed by an assassination attempt on Donald Trump, the 45th US President and the Republican candidate for the 2024 elections.
During his presidency, Trump kept his distance from crypto, calling it “not money” while taking an active stance against CBDCs.
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
However, the former President has since released his own NFTs while seemingly warming towards blockchain.
His new pro-crypto stance has earned him the vote from several key industry figures, including Kraken founder Jesse Powell, Gemini founders the Winklevoss twins, and ARK Invest’s Cathie Wood.
I just personally donated $1m (mostly #ETH) to @realDonaldTrump.
For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others. Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White House has… pic.twitter.com/Ksxf3P2oCb
— Jesse Powell (@jespow) June 28, 2024
Crypto’s libertarian philosophy that the individual should have maximum control over their monetary rights, while state control should be limited, has made Republicans like Trump its natural supporters.
It’s in this context that Toncoin, Bitcoin, and virtually every other top cryptocurrency is surging right now.
WienerAI: A New AI-Integrated Meme Coin That Could Be More Profitable Than Toncoin.
Although it spun out from Telegram, The Open Network still maintains significant ties with the Telegram ecosystem.
This has helped it stay at the forefront of the cryptocurrency world. At the time of writing, $TON is the ninth biggest cryptocurrency in the world with a market cap of just over $18.5 billion.
As a six-year-old Layer 1 token, Toncoin usually soberly tracks the price movements of Bitcoin and Ethereum.
However, investors wanting to bet on more uncharted territory would do better to look into WienerAI ($WAI), a project that’s at the intersection of AI, blockchain and viral marketing. It’s likely to win consumers’ hearts and in doing so, could experience some major returns.
WienerAI is more than just another dog-themed coin. He’s a next-generation crypto project that offers crypto fans the most advanced, beginner-friendly AI trading bot in crypto.
Owners benefit from user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.
His presale is almost over and it has so far taken nearly $7.4 million in investments.
Moreover, Blockchain security platform Coinsult audited WienerAI’s smart contract.
WienerAI’s website offers buyers the ability to stake during the presale in order to take advantage of the mouth-watering yield, which is currently 151% APY.
This makes $WAI more exciting and arguably more profitable for owners than The Open Network’s Toncoin.
This dog will lead the way in AI trading!
Join the WienerAI revolution and let’s trade smarter together pic.twitter.com/XGOrWNqppA
— WienerAI (@WienerDogAI) July 14, 2024
The token currently sells at a fixed presale price of $0.00073 on the website.
Interested investors have under nineteen days to buy in before the presale ends. After that, the sky’s the limit on potential appreciation.
Keep on top of WienerAI news over on X and Telegram.
Join WienerAI Here
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