Altcoins
Toncoin surges 20% as traders give bullish forecasts for new altcoin
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Toncoin’s value jumps 20%, reaching $3.71, the highest since January 2022, fueled by optimistic forecasts and potential interest in Telegram’s IPO. Meanwhile, Green Bitcoin presale reaches $3.5 million, reflecting growing investor enthusiasm.
Toncoin is trading at a 20% premium today. Its price is currently $3.71, its highest price since January 2022.
Meanwhile, traders are arguing that new altcoin Green Bitcoin will explode as its presale surpasses the $3.5 million mark.
Toncoin Price Rises Ahead of Potential Telegram IPO
Toncoin’s price chart illustrates a vertical trajectory this month, rising from $2.7 to $3.7 in just over a day.
Indeed, a broader market uptrend has helped Toncoin’s price explode, but the main driver lies outside of the crypto realm.
Toncoin, developed on a native Telegram blockchain protocol, facilitates cryptocurrency transactions and interactions with decentralized applications for its users.
The connection to Telegram, especially following a recent interview with its founder Pavel Durov, has sparked increased interest in Toncoin.
Durov has hinted at an IPO, making Toncoin an attractive proposition for those looking to invest indirectly in the future of the messaging platform.
Despite its recent success, analysts like TradingView’s Alex Clay and Bithereum_io suggest there is potential for further growth, with Clay forecasting a rise to $5.4.
Green Bitcoin Predicted to Win Raises $3.5 Million
At the same time, the new altcoin, Green Bitcoinaims to offer an eco-friendly alternative to Bitcoin by using staking instead of mining.
Green Bitcoin solves this problem by launching on the Ethereum network.
$GBTC holders can stake their tokens for passive rewards. Currently, they can get an APY of 132%, but this will decrease as more tokens are staked.
In addition to rewarding the community and encouraging long-term ownership, the appeal of passive rewards could help drive demand.
The project also offers a flagship earnings prediction model, inviting users to guess whether the price of Bitcoin will rise or fall in exchange for rewards.
These advantages have attracted the attention of top analysts, notably Jacob Bury. speculate this $GBTC could increase 10 times after the launch of its exchange.
Traders can purchase Green Bitcoin for $0.8402, but this price will increase throughout the presale, so they must act fast or risk paying a premium.
Visit the Green Bitcoin Presale
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