CandleFocus Toncoin establishes T-Fund to accelerate developments within the TON ecosystem
2024-09-12
Author: Content Editor
Toncoin has announced the launch of T-Fund, an investment fund aimed at supporting projects within the Toncoin ecosystem and accelerating blockchain development. The announcement has boosted sentiment for Toncoin, which has been bearish following a legal battle faced by its founder Pavel Durov. The establishment of T-Fund, along with a recent surge in wallet addresses and increased investor interest, has contributed to Toncoin's recovery. However, the altcoin's price remains below crucial moving averages, indicating potential uncertainty. A breakout from the current consolidation level could propel Toncoin to a new all-time high, while a completed rounded top formation could cause a dip in price.
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