Toncoin Price Prediction as TON Shoots Up 22% – Will TON Reach $10?
Toncoin price is making an impressive leg up, barely a day after a leading messenger, Whatsapp, suffered a disruption. TON, the crypto token affiliated with Telegram, surged by over 22% to trade at $1.81 at the time of writing.
CoinMarketCap has recorded a 220% increase in trading volume to $37 million over the last 24 hours. Furthermore, TON's market share jumped by 20% to $2.2 billion, highlighting an improving investor sentiment.
The world's fifth-largest cryptocurrency exchange by trading volume, KuCoin, announced the listing of TON as a tradable asset on October 26. Trading is expected to start at 10.00 am on October 28 (UTC). Deposits started immediately, but withdrawals are set to begin on October 28.
"KuCoin is extremely proud to announce yet another great project coming to our trading platform. Toncoin (TON) will be available on KuCoin."
In other news, The Open Network (TON) is developing a bridge that will allow cross-chain transfer of value between Ethereum (ETH) and Binance (BNB) through the Binance Smart Chain (BSC).
In a related Telegram post, Toncoin outlines that the token bridge is in the final stages of testing. Users can move any ERC-20 or BEP-20 tokens like USDC and USDT from the Ethereum and BSC blockchains.
"The transferred tokens will be represented on TON as regular Jettons so that TON services, such as DEXs, will be able to work with them without any additional modifications," Toncoin explained to its followers on Telegram.
Toncoin's bullish move over the last 24 hours may be attributed to Whatsapp's downtime on Tuesday. The Telegram messenger app has always been flaunted as superior to Whatsapp, although the latter's user base continues to grow globally. The price may have rallied as users worldwide
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