Toncoin Looks Set to Rebound from Its Recent Woes, Can It Break into the Top Ten?

Toncoin rose 20% in the past month and is trading above $6 for the first time in months. This surge comes at the back of increased whale accumulation.

As Toncoin (TON) ranks 14th with a market capitalization of $15.3 billion, several factors contribute to its potential for an impending rally to $10. Its 20% monthly gain stems from rising usage, strategic listings, and growing investor trust. However, being about $17 billion away from the top ten, can Toncoin manage to secure a spot among the top ten cryptocurrencies?

Rising to $10

Toncoin, the native token of the Telegram-backed Layer 1 blockchain, has seen a remarkable 20% gain in the past month, currently trading above $6 for the first time in months. This surge comes at the back of increased whale accumulation and an overall bullish market.

Now ranked 14th by market value, the coin shows potential for a rally to $10, but can it go into the top ten cryptocurrencies? Meanwhile, big-money investors are jumping on Rexas Finance (RXS), a fast-developing altcoin in the presale stage. Could this be an excellent opportunity to secure a profitable investment?

Toncoin, ranked 14th with a market cap of $15.3 billion, shows potential for an impending rally to $10. Its 20% monthly gain results from rising usage, strategic listings, and growing investor trust. However, the token is about $17 billion away from the top ten. While gaining that spot looks like a lofty goal, experts believe it is achievable.

But first, Toncoin needs to achieve the $10 milestone. Trading at $6.16 as of this writing, several bullish factors might drive the coin’s price toward its target. First, Toncoin’s partnership with Telegram assures a built-in user base and ecosystem, resulting in a heavily utilized Layer 1 blockchain. Recent expansions into other locations, particularly South Korea and the United States, have increased its utility and exposure.

Second, Toncoin’s derivatives trading volume has increased, indicating greater engagement from big money investors. With a Relative Strength Index (RSI) of 71, the asset is reaching overbought territory, but strong bullish activity might keep it moving upward toward $10. Finally, market mood and technical patterns point to more advances. If Toncoin overcomes major resistance at $7, $9, and $10, it may be able to break into the top 10—however, problems like increased volatility and overbought circumstances may hinder its progress.

As Toncoin competes for a slot in the top ten, some big-money investors are accumulating RXS, driving the ongoing presale to its final stages. Currently, in Stage 7 of its presale, RXS has raised $14.3 million by selling over 223 million tokens.

Its deliberate decision to forego venture capital funding has resulted in a devoted, decentralized network of investors.

Rexas Finance specializes in real-world asset (RWA) tokenization, a pioneering concept that allows fractional ownership of previously illiquid assets such as real estate, commodities, and art. This democratizes investing opportunities by giving regular investors access to high-value marketplaces.

What distinguishes Rexas Finance is its emphasis on lowering transaction barriers and expenses. Long-term investors like the platform’s incorporation of blockchain and smart contracts, which provide safe, open, and fast transactions.

RXS’ utility extends to decentralized finance, staking, and liquidity pools, assuring consistent rewards for holders. Its recently completed Certik auditing further proves its platform security for safe transactions. Its integration with major exchanges and new listings on CoinGecko and CoinMarketCap indicate a growing level of investor interest.

The price of RXS, which is currently at $0.09, has the potential to skyrocket, especially following its anticipated listing on at least three top exchanges. With the listing price set at $0.20 and some expert projections predicting it to reach $5 post-listing, early investors could stand to benefit exponentially.

Toncoin’s pursuit of the $10 milestone and a top-ten position demonstrates its growing potential, supported by strategic expansions and market excitement. It remains a formidable asset to monitor in the coming weeks.

Meanwhile, Rexas Finance (RXS) provides a unique value proposition in the fast-growing DeFi market. At $0.09, RXS could be a great investment with significant upside potential. Its ongoing $1 million giveaway, which will see 20 top performers earn $50,000 each, further increases its appeal and makes now the best time to invest in Rexas Finance.