The decentralized exchange STONfi, built on the TON platform, has raised $9.5 million in Series A funding from Ribbit Capital and CoinFund. This investment is seen as a significant signal for the entire TON ecosystem.
Investments in STONfi and Their Significance
STONfi dominates the DeFi ecosystem on TON, accounting for 80% of all network users and processing over $6 billion in trading volume. With this new capital, the project plans to launch advanced features, including concentrated liquidity and native limit orders for traders.
Current Toncoin Price and Forecast
Currently, Toncoin is priced around $3.66 with a 4.46% daily gain. Technical analysis shows that the price has breached the upper band of the Bollinger Bands, which could signal the beginning of aggressive growth. Short-term targets could reach $4.00 and $4.40 if the current momentum holds.
Potential Risks for Toncoin
Despite STONfi's successes, the execution of new features remains a key factor. If delays occur or fail to attract new liquidity, interest in the project could wane. Monitoring market fluctuations and potential technical pullbacks is also essential.
Investment in STONfi creates new opportunities for Toncoin, which is starting to stand out among other projects. However, it is important to keep an eye on developments and potential risks that could impact future growth.
