The Fundamental Strength of Ton Continues to Emerge What Is Driving Tons Power

The Fundamental Strength of Ton Continues to Emerge What Is Driving Tons Power

The Fundamental Strength of Ton Continues to Emerge What Is Driving Tons Power

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USDT and Ton Join Forces, Changing the Pattern of Stablecoins?!
The Explosion of Notcoin, Chain Games Will Welcome Mini-Program Forms!
Trading Strategy Reference
$TON Trading Strategy: Spot Grid with Spot Martingale
$NOT Trading Strategy: Spot Martingale with Contract Grid
Further Reading: Development of Ton
Improvement of Infrastructure, Ecological Full-speed Sprint
6/21/2024 $NOT Ready to Explode?
USDT and Ton Join Forces, Changing the Pattern of Stablecoins?!
In April of this year, Tether announced a partnership with TON to integrate USDT into the TON ecosystem, allowing payment to be as simple as Venmo or Apple Cash using the built-in wallet. Within three days of the launch, the total supply of USDT on the TON chain exceeded 60 million, and the momentum continued to grow.
TON allows for transactions between two users to be made at a fixed cost of ~0.10 USD, much lower than many other solutions on the market. Recently, several well-known exchanges have started accepting USDT using TON, expecting to attract more users to use TON’s public chain for value transfer.
The Explosion of Notcoin, Chain Games Will Welcome Mini-Program Forms!
Every month, over 360 million users participate in Telegram’s so-called “mini apps,” including chatbots and mini-games. Notcoin was the first Telegram game to introduce a clicker mode and is one of the fastest-growing on-chain applications. Founder Sasha has expressed plans to continue developing from the narrative of “clicker” and to build “sustainable and efficient subsystems” over the next four years. For example, the Notcoin app introduces activities that allow users to earn $NOT rewards by interacting with other Telegram apps, stimulating demand for $NOT while destroying some tokens.
The success of Notcoin has opened up the imagination for Telegram games and demonstrated the huge potential of the platform in user engagement, with strong community consensus. Many teams have started launching gaming projects on TON, and $NOT, as the absolute leader in this race, with both meme attributes and symbolic significance, is expected to see its price rise with the explosion of the ecosystem in the future.
Trading Strategy Reference
With all that said, how should one participate in the TON ecosystem? In addition to the familiar “spot/contract trading,” OKX also has a very complete set of trading tools. We have compiled two useful tools and their usage logic for your reference~
$TON Trading Strategy: Spot Grid with Spot Martingale
$TON is still in an upward range, and after a short rise, it has returned to the monthly support line. From the perspective of the price deduction position (blue line), the main force of SMA30’s rise is still small. If it does not fall below SMA30, it is expected to continue to rise. However, with the current market volatility, $TON may continue to consolidate within the range, so it is recommended to use spot grid to earn in the range of $8.29 to $6.3. If $TON falls below $6.3 due to the weakness of the overall market, considering its relatively strong performance in the past few quarters, the contract martingale can be used to profit from the rebound in volatility.
First, select a “replenishment upon decline” of 1% (aggressive traders can adjust it downward) and set the “single profit-taking target” to about 3-5%. Since it is estimated that it may return to the range of around $6.3, that is, a 10-15% decline from the current price, the “maximum number of replenishments” can be set to around 8-10 times. The leverage is usually set at 5-8x.
In the “Advanced Settings,” the trigger condition can be set to $7. The “price position amount multiplier” can be set to 1.2 (indicating that if the initial replenishment is 100u, the second order will be 100*1.2=120u), while the “replenishment price difference multiplier” is kept at 1.
With this setting, the strategy will start running if $TON falls below $7, while if $TON remains strong, there is a high chance that it will not fall below a range bottom and will rebound to the current range. Our designed strategy will help us capture the full profit in this market.
$NOT Trading Strategy: Spot Martingale with Contract Grid
Looking at the current trend of $NOT, it has already retraced 50% from the high and still belongs to a downtrend. However, a decreasing trading volume can be seen within the downtrend, indicating a decrease in market supply. In addition, the correlation between Not/Ton is 0.58 for the past month and 0.83 for the past week. If you are optimistic about $TON, it can be inferred that the bottom of $NOT has slowly formed.
If you are bullish on the future of the Notcoin project but are also concerned that the recent market pullback may lead to sharp volatility in small coins, you can gradually lay out $NOT in spot using the spot martingale, and then, after the breakthrough of the downtrend triangle (refer to the figure below), use long contract grid to further amplify the returns.
Regarding the parameter setting of the spot martingale, you can capture the retracement range of $NOT, which fluctuates by 3-15% per day. You can replenish every 2%, and more aggressive investors can replenish even smaller amounts (e.g., 0.5-1%). In the “investment amount” option, enter the base position you want to enter, and select the “initial replenishment amount” and “number of replenishments.” If you replenish 2% each time as mentioned above, the “number of replenishments” can be set to 10, anticipating a further 20% pullback.
If all of this is too complex, OKX actually has multiple AI strategies that can be used directly, and they are divided into “conservative,” “balanced,” and “aggressive” strategies based on risk attributes, which are very suitable for grid newcomers to use!
The Open Network (TON) was originally created by the founding team of Telegram – Nikolai and Pavel Durov, and introduced the issuance of Ton tokens during the ICO boom in 2017. Although TON continued to develop under the community-based Ton Foundation after being hindered by the US SEC in 2020, it still embodies the expectations of many people for the mass adoption of blockchain.
In 2023, TON Network received a series of fundamental bullish news, not only attracting investments from institutions such as Mask Network and Animoca Brands, but also experiencing a continuous surge in its token price. As regulatory attitudes towards the crypto industry gradually softened, Telegram officially announced TON as its Web3 infrastructure, establishing a formal partnership. The BLOCK reported that after Pantera’s strong investment in TON Network earlier this year, they are currently raising more funds to invest in $TON, indicating their strong focus on the project.
Improvement of Infrastructure, Ecological Full-speed Sprint
At the Token 2049 event last year, Telegram announced the launch of the native non-custodial Web3 wallet TON Space integrated in the application, reducing the threshold for user participation in decentralized finance ecosystems. In addition, there are also rich DeFi applications within the ecosystem (Stone.fi, DeDust, TonUP, etc.). In April, the foundation launched the Ton Open League, which aims to attract more on-chain developers to build the ecosystem through rich incentive plans.
Objectively speaking, the ecosystem on TON is still not as mature as many established public chains, but this represents even greater potential for the future, combined with the continuous influx of funds (observable TVL and stablecoin issuance). I believe that this year will see innovative application forms emerge.
Summary: Notcoin is a game that has exploded in the Ton ecosystem, emphasizing “Tap to Earn,” allowing players to earn money by clicking on the game. After conducting many airdrops in May, $NOT entered full circulation and was listed on major exchanges. Due to its gamified and meme nature, it has attracted a lot of attention in the market.
Bollinger Bands View: $NOT is currently showing a contraction within the Bollinger Bands, indicating a possible new direction. It is currently oscillating between $0.014 and $0.017, making grid operations feasible.
Ichimoku Cloud View: After the death cross in the Ichimoku cloud, the trend has fallen and entered a consolidation phase. The trading volume is unable to maintain an increase, indicating a lack of consensus and sentiment in the market. Based on the cloud band pressure, it is suitable for grid trading in the short term, unless the trend further declines.
Considering that the ETH spot ETF is about to be approved, leading to a return of funds to the Ethereum ecosystem, the upward momentum of $NOT is limited. In the short term, it is suitable for grid operations, with a strategy adjustment when the pattern changes.
Grid Operation Recommendation: Set the grid operation range to $0.014 to $0.017, with 6 grids. Use OKX spot grid trading for operations.
For more details, please refer to
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In addition, OKX has opened a NOT airdrop month. From June 21 at 14:00 to July 31 at 23:59, completing the first trading mission will share a total pool of 4,500,000 NOT.
The above information represents only personal views, does not constitute any investment advice, and does not represent the official position of OKX. Remember, all investments carry risks. Do Your Own Research (DYOR).