{"id":43456,"date":"2025-07-06T13:28:08","date_gmt":"2025-07-06T13:28:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/43456\/"},"modified":"2025-07-06T13:28:08","modified_gmt":"2025-07-06T13:28:08","slug":"toncoin-explodes-12-in-2-hours-on-the-back-of-uaes-golden-visa-rules","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/43456\/","title":{"rendered":"Toncoin explodes 12% in 2 hours on the back of UAE&#8217;s Golden Visa rules"},"content":{"rendered":"<ul>\n<li>Toncoin\u2019s price action has lacked a trend over the past two weeks.<\/li>\n<li>The lack of strong selling in recent weeks showed there was potential for a recovery.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/the-open-network-price-prediction\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">The Open Network [TON],<\/a> the open-source decentralized L1 blockchain, saw increased demand for its native cryptocurrency <a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">Toncoin<\/a> on the 8th of July. The token surged 12.1% in two hours, experiencing a high trading volume.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/TON-12-hour-Chart.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-508770\" class=\"size-full wp-image-508770\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TON 12-hour Chart\" width=\"2560\" height=\"1359\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/TON-12-hour-Chart.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-508770\" class=\"wp-caption-text\">Source: TON\/USDT on TradingView<\/p>\n<p>Despite the short-term gains, the 12-hour chart showed bearishness reigned. The token has been unable to breach the local highs at $3 and $2.92, marked in green.<\/p>\n<p>The recent rally was also forced to retrace below the $2.92 mark at the time of writing. The CMF recovered to -0.01, but it did not exhibit sustained, high demand for Toncoin.<\/p>\n<p>Similarly, the A\/D indicator has also been falling over the past week. Together, the volume indicators suggested that demand needed to be consistent before TON could reclaim the $3 resistance.<\/p>\n<p>Traders looking to go long can enter positions once the $3 level is flipped to support.<\/p>\n<p>Why is TON surging in value?<\/p>\n<p>The Open Network <a href=\"https:\/\/ton.org\/en\/golden-visa\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">announced<\/a> a new pathway to UAE residency. It offered 10-year Golden Visas to applicants who staked $100k in TON for three years, and also paid a $35k one-time processing fee.<\/p>\n<p>The applicants would retain control of their assets. The program also promised an annual yield of 3%-4% on the staked assets.<\/p>\n<p>In a post on X, Coingecko co-founder <a href=\"https:\/\/x.com\/bobbyong\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Bobby Ong<\/a> observed that the crypto pathway was an amazing partnership story.<\/p>\n<blockquote>\n<p>\u201cThe entry is 5x lower than an equivalent real estate \/ FD investment and will certainly get the attention of whales to take a look at TON and consider this as an option.\u201d<\/p>\n<\/blockquote>\n<p>The $2.7-$2.8 area has been a significant support since April. Further south, the $2.5 level was another psychological support that had been respected earlier this year.<\/p>\n<p>The UAE Golden Visa announcement could spur whales to buy Toncoin at these support levels and could instigate an uptrend in the coming weeks.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/TON-CDD-comp.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-508783\" class=\"size-full wp-image-508783\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TON Coin Days Destroyed\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/TON-CDD-comp.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-508783\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/studio.glassnode.com\/charts\/indicators.Cdd?a=TON&amp;s=1702397986&amp;u=1751673600&amp;zoom=\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Glassnode<\/a><\/p>\n<p>The coin days destroyed is a metric used to understand spending activity, especially from long-term holders. A higher value of CDD implies that older, dormant Toncoin was moved, usually for selling purposes.<\/p>\n<p>An examination of the coin days destroyed showed that the most recent, sizeable wave of selling came in early May. Since then, though the price has repeatedly tested the $2.7 support, selling pressure has been weak.<\/p>\n<p>Combined with the price action and the news development, it appeared likely that Toncoin prices might surge higher here on.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tPrevious: <a href=\"https:\/\/ambcrypto.com\/hyperliquids-price-struggles-as-whale-offloads-215k-hype-is-a-drop-coming\/\" rel=\"next nofollow noopener\" data-wpel-link=\"internal\" target=\"_blank\">Hyperliquid\u2019s price struggles as whale offloads 215K HYPE: Is a drop coming?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/inside-ethereums-hidden-liquidity-imbalance-that-can-break-its-economic-model\/\" rel=\"prev nofollow noopener\" data-wpel-link=\"internal\" target=\"_blank\">Inside Ethereum\u2019s hidden liquidity imbalance that can break its economic model<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Toncoin\u2019s price action has lacked a trend over the past two weeks. The lack of strong selling in&hellip;\n","protected":false},"author":3,"featured_media":43457,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3244,64,67,132,68],"class_list":{"0":"post-43456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114806528750274741","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/43456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=43456"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/43456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/43457"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=43456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=43456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=43456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}