Can Toncoin Price Rally to $4.70 as UAE Partnership Sparks Whale Accumulation?
The post Can Toncoin Price Rally to $4.70 as UAE Partnership Sparks Whale Accumulation? appeared on BitcoinEthereumNews.com. Key Insights: Toncoin price may surge after the UAE launches the Golden Visa for long-term stakers. Derivatives volume jumped 235%, with open interest up 22% on bullish positioning. Analyst targets $4.70 if TON price breaks above the key $3.20–$3.80 resistance zone. Toncoin (TON) price has now taken a center position following a key announcement regarding regulatory and residence privileges. A recent collaboration with the United Arab Emirates could reshape the token’s trajectory as investors react to enhanced utility and geopolitical motivation. Amid these developments, analysts forecasted a Toncoin price rally to $4.70. UAE Golden Visa Deal Boosts Toncoin Price Confidence Toncoin has secured a collaboration with the UAE government that enables long-term holders to qualify for a 10-year Golden Visa. According to official updates, participants must stake $100,000 worth of TON for three years. Toncoin/UAE Partnership Notably, Investors who qualify receive a UAE residency that is also granted to close family members. Additionally, there is an extra government processing fee of $35,000. Consequently, on-chain trends have already been affected by the announcement. The news has reportedly caused an increase in the accumulation of whales, and wallet activity suggests an increase in long-term holders. According to analysts, adding a new geopolitical incentive to staking could promote migration-capitalization investors, but also crypto-native capital to transition to TON. The offering established Toncoin as a residency-based blockchain token that offers benefits and may generate a new demand beyond conventional trading cycles. Derivatives Metrics Reflect Shift Toward Bullish Positioning Apart from the Toncoin price, derivative trading has also grown critically over the last 24 hours. The futures volume increased by 1981% to $1.44 billion, and open interest rose by 28% to the extent of $266 million. These developments indicate an active speculative demand, especially as traders and investors reacted to the UAE announcement. Toncoin Derivatives…
The post Can Toncoin Price Rally to $4.70 as UAE Partnership Sparks Whale Accumulation? appeared on BitcoinEthereumNews.com.
Key Insights: Toncoin price may surge after the UAE launches the Golden Visa for long-term stakers. Derivatives volume jumped 235%, with open interest up 22% on bullish positioning. Analyst targets $4.70 if TON price breaks above the key $3.20–$3.80 resistance zone. Toncoin (TON) price has now taken a center position following a key announcement regarding regulatory and residence privileges. A recent collaboration with the United Arab Emirates could reshape the token’s trajectory as investors react to enhanced utility and geopolitical motivation. Amid these developments, analysts forecasted a Toncoin price rally to $4.70. UAE Golden Visa Deal Boosts Toncoin Price Confidence Toncoin has secured a collaboration with the UAE government that enables long-term holders to qualify for a 10-year Golden Visa. According to official updates, participants must stake $100,000 worth of TON for three years. Toncoin/UAE Partnership Notably, Investors who qualify receive a UAE residency that is also granted to close family members. Additionally, there is an extra government processing fee of $35,000. Consequently, on-chain trends have already been affected by the announcement. The news has reportedly caused an increase in the accumulation of whales, and wallet activity suggests an increase in long-term holders. According to analysts, adding a new geopolitical incentive to staking could promote migration-capitalization investors, but also crypto-native capital to transition to TON. The offering established Toncoin as a residency-based blockchain token that offers benefits and may generate a new demand beyond conventional trading cycles. Derivatives Metrics Reflect Shift Toward Bullish Positioning Apart from the Toncoin price, derivative trading has also grown critically over the last 24 hours. The futures volume increased by 1981% to $1.44 billion, and open interest rose by 28% to the extent of $266 million. These developments indicate an active speculative demand, especially as traders and investors reacted to the UAE announcement. Toncoin Derivatives…
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