The cryptocurrency market is slowly recovering from its dramatic price pitfall. With Bitcoin touching a stable price threshold of $55K, the altcoin market is now healing, slowly returning to its stable price position. Cardano and Toncoin are next up for a price prediction.
Cardano (ADA) and Toncoin (Ton) have also reported slight price hikes in their values. Let’s determine how the two crypto tokens will fare in August 2024.
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Cardano (ADA) and Toncoin (TON) Price Prediction
1. Cardano (ADA)
Cardano is undergoing a massive transformation as the token has yet to deliver a bullish price haul. ADA has reported a sluggish price approach over the past six months, unable to break past the critical price juncture of $0.50.
However, the token is gearing up for some monumental changes with the Chang Hard Fork update underway. The Chang update is set to bring new community participation facilities on Cardano, helping users access elements such as a Treasury and voting ordeals.
According to CoinCodex, Cardano may surge nearly 14% to hit the $0.37 level by the end of August.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 14.94% and reach $0.377661 by September 6, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 29 (fear). Cardano recorded 14/30 (47%) green days with 8.28% price volatility over the last 30 days.”
Similarly, another notable crypto platform, Changelly, adds a similar price projection for ADA. The platform shared that ADA may surge by 7% to hit the $0.35 price level.
“Crypto analysts expect that at the end of summer 2024, the ADA price will be around $0.332. In August 2024, the Cardano cost may drop to a minimum of $0.306. The expected peak value might be $0.358 in August 2024. Potential ROI: 7.2%.”
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2. Toncoin (TON)
Toncoin has lately been attracting heavy attention and volume within the crypto realm. The token has played a central role in defining Telegram’s prowess in the advertising domain.
Toncoin has been integrated with the Messenger app Telegram and has often been endorsed by its CEO, Pavel Durov. The platform has always been quite vocal about promoting TON and accepts TON payments from users in the realm of ads.
According to CoinCodex, Toncoin may experience a remarkable price ascent this August. The token may spike by an impressive 229% to hit the $19 price level.
“According to our current Toncoin price prediction, the price of Toncoin is predicted to rise by 229.28% and reach $19.14 by September 6, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 29 (fear). Toncoin recorded 13/30 (43%) green days with 7.77% price volatility over the last 30 days.”
Similarly, Changelly predicts TON to hit $10 by August 2024.
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“Crypto analysts expect that at the end of summer 2024, the TON price will be around $10.11. In August 2024, the TON token cost may drop to a minimum of $10.29. The expected peak value might be $9.93 in August 2024.”
Both Cardano (ADA) and Toncoin (TON) have some promise for growth in August 2024. Explore our prediction analysis and make an informed decision.
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