Toncoin (TON) has had an explosive year in 2024. The asset hit an all-time high of $8.25 on June 15, 2024, about two weeks ago. TON’s price has fallen by 7.8% since its June ATH. The asset seems to follow the general market recovery trend, rallying 5.3% in the weekly chart and 20.4% in the monthly chart. TON continues to glow red in the daily and 14-day chart, falling by 0.6% and 1.1%, respectively.
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According to prominent cryptocurrency analyst Ali Martinez, TON might be on the verge of hitting a new all-time high. The analyst anticipates TON to hit the $9 mark after it breaks out of an ascending triangle. Hitting $9 from current prices would translate to a growth of about 18.27%
Can Toncoin hit a new all-time high this month?
CoinCodex presents a very bullish outlook for TON. The platform predicts TON to hit a new all-time high by July 4, 2024. CoinCodex anticipates TON to surpass the $20 mark in July, reaching as high as $26.06 on July 29, 2024. Reaching $26.06 from current levels would translate to a growth of about 242.44%.
Also Read: Toncoin (TON) To Rally 40% to $11: Predicts Analyst
Changelly also paints a bullish picture for Toncoin in July. The platform anticipates TON to hit a new all-time high of $8.65 on July 3, 2024. Like CoinCodex, Changelly also expects TON to breach the $20 mark this month, hitting $26.27 on July 28, 2024.
Also Read: Toncoin Hits All-Time High: How Much Higher Can TON Go?
The TON network has seen incredible success over the last few months. Many new projects have launched on the network, pushing TON’s price further and further north. TON entered the top 10 crypto projects by market cap earlier this year as well.