CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Finbold 2025-07-06 09:34:13

Why Toncoin (TON) is breaking out today

Toncoin (TON) is surging today after unveiling a blockchain-based residency program in the United Arab Emirates. As of press time, TON was trading at $3.02, marking an 11% rally over the past 24 hours. Its market capitalization has also jumped from $6.7 billion to $7.43 billion in just one day, an increase of approximately $730 million. TON one-day market cap chart. Source: CoinMarketCap Beyond the fundamental news, Toncoin’s price chart shows possible signs of a breakout. TON has decisively moved above its seven-day simple moving average ( SMA ) at $2.83 and its seven-day exponential moving average at $2.81. Meanwhile, its relative strength index ( RSI ), which had dropped to an oversold level of 38.79, is now rebounding, suggesting room for further upside. Catalyst for Toncoin rally The catalyst behind the surge is Toncoin’s announcement of a first-of-its-kind UAE residency scheme built on blockchain technology. Under the program, investors can secure UAE residency by staking $100,000 in TON for three years through a decentralized smart contract in return for a 10-year UAE Golden Visa. The initiative is designed to lock up a significant supply: if 1,000 participants join, around $100 million worth of TON could be removed from circulation. Additionally, the program offers participants an annual yield of 3–4%, encouraging long-term holding. The visa process is fast-tracked, with approvals typically expected within seven weeks. Unlike traditional programs requiring $500,000 in real estate, this initiative offers a lower entry point and extends residency to the applicant’s immediate family. Staked TON remains under user control and is fully withdrawable after three years, with an annual yield of 3–4%, subject to market conditions. Overall, the UAE–TON partnership aims to attract crypto investors and entrepreneurs seeking more accessible residency options. Meanwhile, this is another initiative that will likely help Toncoin gain mainstream attention. For instance, as reported by Finbold, in late May, TON saw increased momentum after xAI announced a partnership to bring its Grok chatbot to Telegram. Under the one-year deal, Telegram will receive $300 million in cash and equity, as well as 50% of all xAI subscription revenue generated on its platform. Featured image via Shutterstock The post Why Toncoin (TON) is breaking out today appeared first on Finbold .

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine