Toncoin (TON), the native cryptocurrency of the TON blockchain, has been the subject of much speculation as investors and traders eagerly await the weekend’s price action.
Many are wondering if TON can break through the $7 barrier in the coming days. Cryptocurrency experts at Changelly have weighed in on the matter, providing their forecast for the TON price for the weekend.
Also read: How High Can Ethereum (ETH) Surge This Weekend?
Expert Predictions: Minimum, Maximum, and Average Prices
According to Changelly’s analysis, the minimum trading cost for TON this weekend might be $10.01, while the maximum could reach $9.68. This forecast suggests that Toncoin may experience a range-bound trading period, with the potential for some volatility.
Interestingly, the experts predict that the average value of TON Token might be around $9.85 during this period. This average price sits comfortably above the current trading price of $6.41.
It is important to note that these predictions are based on various factors, including market sentiment, technical analysis, and historical price movements.
Also read: Shiba Inu Weekend Price: Can SHIB Reclaim $0.00003?
Toncoin’s Recent Price Performance and All-Time High
At press time, Toncoin is trading at $6.41, having experienced a 1.34% decrease in the past 24 hours. The cryptocurrency’s 24-hour trading range has been relatively narrow, with a low of $6.39 and a high of $6.55.
Despite the recent dip, it is worth noting that TON reached its all-time high of $7.65 on April 11, 2024, just two months ago.
Currently, TON is trading 16.18% below its all-time high, presenting a potential opportunity for investors who believe in the long-term prospects of the project.
However, it is crucial to approach the market with caution and realistic expectations. While expert predictions can provide valuable insights, the cryptocurrency market is known for its unpredictability, and even the most promising projects can experience short-term volatility.