Toncoin (TON) has had a breakout year in 2024. The asset hit an all-time high of $8.25 on June 15, 2024, just under three weeks ago. The price of TON has dropped 7.8% since its ATH in June.
However, according to popular crypto analyst Ali Martinez, TON could be on the verge of a new all-time high. The analyst predicts that TON will hit $9 after breaking out of the ascending triangle. Reaching $9 from the current price would represent a gain of about 18.27%.
#Toncoin is poised for a 12% rise towards $9 after breaking out of an ascending triangle!
I’m heading to @coinexcom to take advantage of their 50% discount on $TON purchases. Learn more here 👇https://t.co/la2PwiuGHC pic.twitter.com/7UXB1WZ5PY
— Ali (@ali_charts) June 27, 2024
Can Toncoin Hit a New Record High This Month?
CoinCodex has a very optimistic outlook for TON. The platform predicts that TON will reach a new all-time high on July 4, 2024. CoinCodex predicts that TON will surpass the $20 mark in July, reaching a high of $26.06 on July 29, 2024. Reaching $26.06 from the current level would translate to a growth of approximately 242.44%.
Changelly also painted an optimistic picture for Toncoin in July. The platform predicted that TON would hit a new record high of $8.65 on July 3, 2024. Like CoinCodex, Changelly also predicted that TON would surpass the $20 mark this month, reaching $26.27 on July 28, 2024.
The TON network has seen incredible success over the past few months. Many new projects have launched on the network, pushing the price of TON higher and higher. TON also entered the top 10 cryptocurrency projects by market capitalization earlier this year.
