The announcement of collaboration between Toncoin and the UAE government has sparked heightened interest in the token and growth predictions.
UAE Golden Visa and Its Impact on Toncoin
Toncoin has secured a partnership with the UAE government, enabling long-term holders to qualify for a 10-year Golden Visa. Participants must stake approximately $100,000 worth of TON for three years. This development could influence demand for the token by providing an additional incentive for investors.
Increase in Derivative Volumes and Market Sentiment Shift
Over the last 24 hours, derivative trading volumes for Toncoin have surged by 1981%, reaching $1.44 billion, while open interest rose by 28% to $266 million. These indicators suggest active speculative demand, and the rising long/short ratio confirms trader optimism.
Analysis of Key Resistance Levels Ahead of $4.70 Target
Technical analysts have begun to outline potential breakout scenarios. A recent analysis indicates that Toncoin's price must overcome resistance levels in the $3.20–$3.80 range to establish a bullish trend toward $4.70. Currently, the price trades at $2.82, which is a 3% increase compared to previous data.
Thus, the positive impact of the UAE Golden Visa and increasing interest in Toncoin could form a basis for its further growth in the market.
