Toncoin Price Prediction: TON Network Completely Shutdown as PEPE Approaches Level 2 of $11M

Toncoin price has decreased by more than 1% in the last 24 hours. Trading at $5.319 As of 03:34 AM ET, trading volume was down 26% to $928 million.

This comes within the framework of the open network (ton) The protocol failed to produce a block on Wednesday morning. This is concerning, as a blockchain not producing blocks for an extended period of time can disrupt the stability of the network, leading to security risks and transaction delays.

Modern airdrop of weapons Dogs The meme coin may have been the reason for the trading halt, as it caused a huge increase in transactions. The network struggled to keep up with the increased demand.

Toncoin Price Is Bearish, Bulls Are Targeting a Rebound

According to data from Gecko TerminalToncoin price has been in a downtrend for the past four days, with TON trading within a descending channel pattern.

TON is still trading below the 50 and 200 simple moving averages (SMAs) on the 4-hour chart, confirming the current bearish trend.

Moreover, the Relative Strength Index (RSI) is trading within the oversold level of 30, indicating that the asset is undervalued.

With the token being undervalued, investors may take this as a buy signal, which could push the price of Toncoin higher, with bulls targeting the $6.7 level.

The Moving Average Convergence Divergence (MACD) indicator supports the uptrend, as the blue MACD line crossed above the orange signal line to form a bullish crossover.

If the bears control the price at this level, ton It may drop further to the $5.0 support level.

Meanwhile, as Toncoin price targets a recovery, investors are rushing to buy the new PEPE alternative. Baby Unrestricted (PEPU)having collected over $10.9 million in its ongoing pre-sales and is approaching the $11 million mark.

99Bitcoins, a prominent crypto YouTube channel, reviewed the token and said that PEPU is one of the best cryptocurrencies to buy right now. It added that it could potentially rise in value by 100x after launch.

Pepe Unchained Pre-Sales Surpass $10.9 Million

Pepe Unchained aims to follow in the footsteps of PEPE, who continues to dominate the charts.

However, PEPE is built on the Ethereum blockchain, which is mostly hampered by network delays and high gas fees.

Pepe Unchained (PEPU) stands out from other cryptocurrencies because of its native layer 2 chain built on top of the Ethereum network. This move not only frees it from the limitations of Ethereum, but also brings unprecedented speed, scalability, and much lower fees.

Who needs some brain powder?

Baby is getting ready to officially launch his own blockchain! 🚀 pic.twitter.com/kZC72UmxFy

— Pepe Unchained (@pepe_unchained) June 20, 2024

Hence, there are two main reasons why investors are now attracted to PEPU: it is the first layer 2 meme coin and its native chain will make owning a Pepe token much cheaper and faster.

Token holders can also earn passively by: Betting system on the platformwhich offers an annualized yield (APY) of 184%.

You can buy PEPU tokens for $0.0093477 each. Since the price is going up in less than a day, buy soon to get the best deal.

buying PEPU from the official website here Using ETH, USDT or bank card.

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