Whats Fueling the Ongoing Explosive Growth of Ton

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USDT and Ton join forces, changing the landscape of stablecoins?
The explosion of Notcoin brings about mini-program games to blockchain gaming!
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 sprint at full speed
Is $NOT ready to explode on June 21, 2024?
USDT and Ton join forces, changing the landscape of stablecoins?
In April of this year, Tether announced a partnership with TON, integrating USDT into the TON ecosystem and making payments as simple as Venmo or Apple Cash through the built-in wallet. Within three days of its launch, the total supply of USDT on the TON chain exceeded 60 million, and it has been growing rapidly ever since.
TON allows for transactions between two users with a fixed fee of approximately $0.10, much lower than many other solutions on the market. Recently, several well-known exchanges have started accepting USDT transactions using TON, expecting to attract more users to use the TON public chain for value transfer.
The explosion of Notcoin brings about mini-program games to blockchain gaming!
More than 360 million users participate in Telegram’s so-called “mini-apps” every month, including chatbots and mini-games. Among them, Notcoin is the first Telegram game to introduce the clicker mode and is one of the fastest-growing on-chain applications. The founder, Sasha, expressed in an interview that he wants to continue developing from the description of “clicker” and plans to build a “sustainable and efficient subsystem” in the next four years to enable the project to continue to grow. For example, the Notcoin app launches activities that allow users to earn $NOT rewards by interacting with other Telegram apps, stimulating the demand for $NOT while destroying some tokens.
The success of Notcoin opens up the imagination of Telegram games, demonstrating the platform’s huge potential for user engagement and strong community consensus. Whether it is improving the game mode of Notcoin or introducing other gameplay, a large number of teams are starting to launch game projects on TON. As the absolute leader in this track, $NOT has both meme attributes and symbolic significance, and its price is worth looking forward to with the explosion of the ecosystem.
Trading strategy reference
After discussing so much, how can we participate in the TON ecosystem? In addition to the familiar “spot/contract trading,” OKX also has a very comprehensive 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. After a short rise, it has returned to the support of the monthly moving average. From the perspective of the deduction price position (blue line), the upward momentum of SMA30 is still relatively small. If it does not fall below SMA30, it is expected to continue to rise. However, the current market trend is unstable, and $TON may continue to consolidate within the range. Therefore, it is recommended to use the 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 historical performance, the Martingale strategy with contracts can be used to profit from the rebound.
First, choose a 1% increase for “how much to add during a drop” (aggressive investors can adjust it lower) and set the “single profit-taking target” at around 3-5%. Since I estimate that there is a chance to return to the range around $6.3, which is a 10-15% decline from the current price, I can set the “maximum number of additional positions” at around 8-10 times. I usually set the leverage at 5-8x.
In the “advanced settings” section, I can set the trigger condition to $7. I can choose 1.2 as the “price position multiplier” (e.g., if the initial position is 100u, the second order will be 100*1.2=120u), and keep the “price difference multiplier” at 1.
With these settings, the strategy will start running if $TON falls below $7. At the same time, if $TON remains strong and is unlikely to fall below the bottom of a range, and will rebound to the current range, the strategy we designed will help us capture the complete profit in this market.
$NOT trading strategy: spot Martingale with contract grid
In terms of the current trend of $NOT, it has already retraced 50% from the high point and is still in a downtrend. However, the trading volume has been decreasing during 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, which suggests that if you are optimistic about $TON, you can infer that the bottom of $NOT has gradually formed.
If you also believe in the future development of the Notcoin project but are concerned that recent market retracements will cause small coins to experience significant volatility, you can gradually establish a position in $NOT through spot Martingale. In addition, you can wait for a breakthrough in the downtrend triangle (refer to the figure below) and further amplify the profits through long contract grids.
In terms of setting parameters for spot Martingale, you can capture the retracement range of $NOT, which varies from 3% to 15% daily. You can add positions every 2%, and more aggressive investors can add even smaller increments (e.g., 0.5-1%). In the “investment amount” option, enter the desired initial position in the “initial order amount” and choose the “initial additional order amount” and “number of additional orders.” If we add 2% each time, we can set the “number of additional orders” to 10, anticipating a possible further retracement of 20%.
If the above seems too complicated, OKX actually has multiple AI strategies that can be used directly. They are divided into “conservative,” “balanced,” and “aggressive” strategies based on risk attributes, making them very suitable for grid trading beginners!
Development of Ton
TON (The Open Network) was originally created by the Telegram team founders, Nikolai and Pavel Durov, and launched the issuance of Ton tokens during the ICO boom in 2017. Despite being hindered by the U.S. SEC, TON continues to develop under the community-based Ton Foundation since 2020, but it still represents the expectations of many people for mass adoption of blockchain.
In 2023, TON Network received a series of positive fundamental news, not only attracting investments from institutions such as Mask Network and Animoca Brands but also experiencing a continuous surge in its price. As regulatory attitudes towards the crypto industry gradually soften, Telegram officially announced TON as its Web3 infrastructure, establishing a formal partnership between the two. According to The BLOCK, Pantera, after heavily investing in TON Network earlier this year, is currently raising more funds to invest in $TON, highlighting its importance to the project.
Improvement of infrastructure, ecological sprint at full speed
At the Token 2049 event last year, Telegram announced the launch of the native non-custodial Web3 wallet TON Space integrated into its application, reducing the barriers for users to participate in the decentralized financial ecosystem. In addition, there are various DeFi applications within the ecosystem (Stone.fi, DeDust, TonUP, etc.). In April, the foundation launched the Ton Open League, which attracts more on-chain developers to build the ecosystem through various incentive programs.
Objectively speaking, the ecosystem on TON is not as mature as many established public chains, but this also represents huge imaginative space for the future. Coupled with the continuous influx of funds (observable TVL and stablecoin issuance), I believe there will be innovative application patterns emerging this year.
Summary of the previous situation: Notcoin is a popular game on the Ton ecosystem, featuring “Tap to Earn” where players can earn money by clicking in the game. After most of the airdrops in May, $NOT entered full circulation and was listed on major exchanges. Due to its gaming nature and meme attributes, it has attracted a lot of attention in the market.
Bollinger Bands view: $NOT is in a contraction phase within the Bollinger Bands, suggesting the possibility of a new direction. It is currently oscillating in the range of $0.014 to $0.017, making grid trading feasible.
Ichimoku Cloud view: The Ichimoku Cloud shows a downtrend after a death cross and enters consolidation. The trading volume fails to sustain an increase, indicating a lack of consensus and sentiment in the market. Due to the resistance of the cloud, 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 capital flowing back into the Ethereum ecosystem, the upward momentum of $NOT is limited. In the short term, grid trading is recommended, and the strategy can be adjusted when the pattern changes.
Grid trading recommendation: Set the grid trading range for $NOT at $0.014 to $0.017, with 6 grids. Use OKX’s spot grid for trading.
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In addition, OKX has launched the NOT airdrop month, during which completing the first transaction task from June 21, 14:00, to July 31, 23:59, will allow you to share a total of 4,500,000 NOT rewards.
The above information represents personal opinions only and does not constitute any investment advice or represent the official position of OKX. Investments are subject to risks, so remember to DYOR.