Ton Foundation said on Thursday that it received an investment of over $ 400 million from venture capital companies in March. announced.Toncoin (ton) price is around $ 3.85 after a 6 percent rise on a weekly basis. Crypto analyst Manish chhetr, Altcoin price 4.6 2 dollar A targeting rally He says he can.
TON Foundation,He got an investment of $ 400 million!
Ton Foundation announced on Thursday that it has received over $ 400 million funds from some leading venture capital companies in March. Sequoia Capital, Benchmark, Ribbit Capital, Draper Associates, Vy Capital, Kingsway, Coinfund, Hypersphere and others were among the participants. In the blog post of the Ton Foundation, the scale of the financing tour and the names participating make it one of the most important corporate investments in the field of crypto in recent years, ”he said.
Crypto venture activities have decreased significantly over the past two years. A financing tour of this size and participation indicates that corporate interest has been renewed. Especially since it is carried out with Toncoin tokens instead of stocks, it reflects the direct belief in token as a value unit. In addition, it enables investors to invest in the economy of the network without delays of legal structures or intermediaries. Thus, it brings capital closer to real use and supports the rise of Toncoin by shortening the gap between funding and benefit.
Open interest for Altcoin also supports the rise
Another sign of rise is that ton’s open interest (OI) reached the highest level of a new year. According to Coings’s data, the futures OI on the stock exchanges rose to the highest level of this year from $ 151.28 to $ 192.20 million on March 26th. Increased OI represents new or additional money entry and new purchases to the market. Therefore, this refers to a rally in the price of Altcoin.
Ton’s open interest graph. Source: coinglassTONE PRICE EXPLANATION: A rally towards the level of $ 4.62!
Toncoin price increased on a diminishing trend line in mid -March and was consolidated in the following days. Following that some leading venture capital companies have invested 400 million dollars in Toncoin on Thursday, toned rise over 10 %that day. However, on Friday and Saturday, he made a correction in the movement of positive news. As of Sunday, he found $ 3.68 daily support and rose by 5.22 %. On Monday, it is around $ 3.85.
If the daily support of around $ 3.68, tons may extend the rally to re -test the net daily resistance of $ 4.62. The relative power index (RSI) in the daily graph shows over 60 of the neutral level. This points to an upward movement that the rise momentum has increased. In the meantime, the MACD indicator also gave a purchase signal last week by tending to rise. Thus, he showed that the tendency to rise continued.
TON/USDT Daily GraphicsHowever, if the ton closes below $ 3.68 daily support, it may extend its decline to re -test $ 3.32 with its low level on March 16th.
