TON explodes 30%
Its no secret that Alt-coins are in a bear market, some are hitting all time lows. TON coin surged 30% yesterday, and like a boat anchor it drug along other meme coins for price increases too.
Market speculators are attributing the spike in TON price to Telegram.
What did Telegram do? They stepped up to become TONs largest validator and they are shifting towards TON development. Not just any development but TON core development.
Is this a real price run?
TON volume increased 630%, that is massive volume for TON.
If I was to follow this price move, I would want to see continued price increases today along with heavy volume. But what do I know I am not a professional trader nor should you listen to me. I am just pointing out the smoke from all the increased volume in TON.
As always DYOR (Do Your Own Research) and be accountable for your own actions. That includes trades. Put it another way, assume I am 100% wrong.
Summary
It would be great to experience an Alt-coin thaw and even a run up of 20-30%. Alas I am not seeing that just yet. Maybe early June we will have more signs?
