Toncoin (TON) Up 7%, Epic Forecast Says Best Is Yet To Come

Toncoin (TON) has managed to buck the earlier bearish trading day it started with, jumping by 7.84% to $5.23. Amid the bearish market twist, Toncoin is looking to erase its weekly losses which stands at 5.05% at the time of writing. 

Toncoin Forecast, 228% Surge Incoming

According to data from crypto market intelligence and predictions platform CoinCodex, the best is yet to come for TON. The platform predicts a steady increment from the current level until the end of the month.

From the $5.23 price it is now, CoinCoDex’s algorithm forecasts a rise to $6.64 by May 10. Should this forecast come through, it will mark a 36.78% surge. While this looks promising, the platform also predicts Toncoin will shoot to a new All-Time High (ATH) of $ 15.95  by May 31.

This price surge will imply a surge of 228%. There is a major precedence for this impressive forecast. Toncoin is an outlier, originally incubated by the Telegram team before The Open Network (TON) took over. The TON team are doing a good job with the tech powering the coin with high throughput, scalability compared to its peers.

From a relatively obscure digital currency, Toncoin has made its way into the top 10 most capitalized assets. Currently, in number 9, the coin remains bolstered against Cardano as its market capitalization is about $1.73 billion apart.

Outlier Altcoin Learning From TON

While Toncoin is one of the most popular digital currencies in the market at the moment, other outliers exist. Shiba Inu (SHIB) is one of these outliers with an unstable dive into the top 10.

To solidify its growth momentum, Shiba Inu’s Shibarium completed a major hard fork as it looks to enhance its usability. This upgrade helped boost the price of SHIB by over 13% following the hard fork news. 

In the long term, Toncoin and Shiba Inu might be among the key drivers of the market’s bullish resurgence.