Huge Surge from Toncoin Could Result in Record High
Toncoin is about to hit a record high as it surges alongside several other cryptocurrencies today but could pull back after FOMC meeting.

Toncoin (TON) is about to hit a new high as it climbed by 9.64% over the last day. That places the token at $7.51 (TON/USD).

The coin is now very close to its all-time high of $7.78, which it achieved eight days ago. It could easily break its record later today as the price continues to soar.
The crypto market is bullish right now, with Toncoin coming ahead as one of the top gainers. Over the last 24 hours, Toncoin transactions have totaled more than $311 million.
Toncoin has managed to climb the cryptocurrency rankings very quickly over the past few months, with one surge after another. Operating on the Open Network as a layer-1 blockchain currency, Toncoin is incredibly popular and ranking as the #9 crypto token by market cap.
Will the Crypto Market Stay Bullish?
We are definitely seeing the beginnings of a bullish trend across the crypto market today, with Bitcoin gaining back much of its recent losses and doing so very quickly. Toncoin has surprised with its recent surge and could move up the ranks very soon with its recent win.
Today’s FOMC meeting will help investors figure out where the markets might be headed and shed some light on when interest rate cuts could be coming. Today’s report on the US Consumer Price Index showed that it rose to 3.3% from 3.4%, slightly above expectations.
Depending on what the FOMC meeting reveals, we may see some pullback on Bitcoin, Toncoin, and the wider crypto market later today, but for now, there is a strong bull trend that should carry Toncoin to a new record high and help lift the larger crypto market.
We may also see a boost for the market from Ethereum. As it inches closer to $4,000, the token is likely to draw in more outside interest. Bitcoin too should attract more widespread attention for the market as it nears a new record high above $73,750.
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