TON (Toncoin) rose 3.45% in the last 24 hours.

Gate News Bot news, on July 11, according to CoinMarketCap data, as of the time of writing, TON (Toncoin) is currently priced at $2.93, rising by 3.45% in the last 24 hours, with a peak of $3.05 and a low of $2.72, and a 24-hour volume of $243 million. The current market capitalization is approximately $7.244 billion, an increase of $242 million compared to yesterday.

The Open Network (TON) is a fast, secure, and scalable blockchain and network project capable of handling millions of transactions per second, making it very user-friendly for both users and service providers. It is designed to host all reasonable applications currently proposed and envisioned. TON can be viewed as a massive distributed supercomputer, or more accurately, a huge super server, aimed at hosting and providing various services.

Important news about TON recently:

1️⃣ TON Foundation Clarifies UAE Golden Visa Program The TON Foundation issued a statement denying cooperation with the UAE government to launch a golden visa program. The project is actually an independent collaboration with an unnamed licensed partner and has not received formal support from the government. The foundation has removed related promotional content and acknowledged that the initial announcement was made too early.

2️⃣ First Unicorn of the TON Ecosystem Born The TON developer The Open Platform ( TOP ) has completed a $28 million Series A financing, achieving a valuation of $1 billion, becoming the first crypto unicorn in the Telegram blockchain ecosystem. TOP focuses on developing key infrastructure and tools for the TON ecosystem, including the built-in encrypted wallet in Telegram, TON Connect protocol, etc., which will further promote the technological development and application landing of TON.

3️⃣ The Remix gaming platform has completed financing and will support the TON network The game development platform Remix has completed a $5 million seed round financing, bringing the total financing amount to $6.75 million. The platform combines AI code generation with hyper-casual games, plans to launch on-chain monetization tools, and will support the Telegram platform based on the TON network, which is expected to bring more application scenarios and users to TON.

From a technical perspective, the price of TON is currently oscillating narrowly between $2.70 and $2.80, with the RSI indicator at 39, indicating that buyers may be waiting to enter at lower levels. If it breaks through the resistance level of $2.80, it may trigger upward momentum, aiming for targets of $3.00 or even $3.40.

This message does not constitute investment advice; investors should be aware of market volatility risks.