Binance Fuels Toncoin (TON) Frenzy with Potential Listing, Price Surges

• On May 23, monitoring systems detected a new port for Toncoin (TON) on Binance. 
• CoinDance reported this preliminary detection.
• Toncoin is trading at $6.30, down 5% intraday but up over 200% year-to-date.

On May 23, monitoring systems detected that Binance had added a new port for Toncoin (TON). CoinDance first reported this development, noting that this detection is preliminary and does not confirm a final listing. 

According to CoinDance, the detected port is identified with the symbol TON and the name Toncoin, operating on the Toncoin network. The information was crawled on May 22, 2024, at 17:04:27 UTC. In the meantime, an official announcement from Binance is pending, and the community is advised to stay patient for further updates.

While Toncoin’s Binance listing remains unconfirmed, its market performance indicates a positive outlook for the cryptocurrency. Toncoin is changing hands at $6.30, reflecting a 5% intraday dip. Despite this decline, Toncoin printed gains exceeding 200% year-to-date, partly due to its integration with Telegram, a messaging app boasting approximately 900 million users.

Looking ahead, Toncoin’s Total Value Locked (TVL) has now exceeded a staggering $218 million, a testament to the network’s broad adoption. This robust growth has led market experts to predict a continued upward trend, potentially reaching $9 in 2025, injecting optimism into the cryptocurrency’s future.

Furthermore, Santiment data shows a 110% rise in TON’s active addresses over the past six months, signaling strong network activity. Telegram’s recent Notcoin (NOT) listing could propel TON’s visibility and adoption.

Toncoin faces resistance between $6.52 and $7.23, with $6.00 and $5.56 providing support. However, the Relative Strength Index (RSI) 56 suggests possible upward movement. Hence, projections indicate that if a bullish trend emerges, Toncoin could surpass $7.23, possibly reaching the $9 milestone.