Will Toncoin Rally after HashKey Listing?

Toncoin (TON) has just been accepted onto the cryptocurrency exchange platform HashKey.

Rapidly rising crypto token Toncoin has broken into the top ten spots on the cryptocurrency market, and it is making  a huge impact on the industry. Now, by partnering with Asian crypto exchange platform HashKey, the coin has expanded to new markets.

This is the same coin that has climbed nearly 200% over the last year, so there is a lot of potential for it to climb further. Toncoin has managed to gain 24% just this week, though it is down for Wednesday by 1.22%. Today’s decline could be the result of a larger market downturn, led by Bitcoin.

Toncoin has done more than just gain acceptance by the exchange platform. The TON Foundation is actively working with HashKey as part of a larger goal to make cryptocurrency a part of daily transactions in the region. By aligning with one of the hottest crypto coins right now, HashKey has garnered more public interest and will likely benefit from the partnership with an increased flow of traffic to the platform.

Do We Expect a Toncoin Rally?

It is reasonable to anticipate that Toncoin will do very well off the back of this news, with the HashKey partnership serving as a springboard. The news should keep the momentum going for Toncoin, just as that momentum was starting to slow down.

Toncoin is currently at $5.79 (TON/USD), and a price rally could take it past $6.50 in the next few days. As the coin has dipped slightly this morning, it may be advisable to invest while it is low.

For a coin that has climbed so far so quickly, it is highly likely it will climb even more in the very near future with this positive news in its corner. We are preparing for a Toncoin price rally.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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