Recent data indicates that Toncoin's price has significantly increased amid the announcement of a collaboration with the government of the UAE.
Partnership with UAE Government
Toncoin has announced an official partnership with the UAE government, offering qualified token holders a 10-year Golden Visa. To obtain the visa, individuals are required to stake $100,000 in TON for three years and pay a one-time processing fee of $35,000. This program targets long-term investors and high-net-worth individuals in the crypto market.
Technical Analysis of Toncoin Price
Technical analysis shows that Toncoin recently achieved a strong breakout on the 4-hour chart. Price oscillated between $2.73 and $2.95 over the past two weeks, with a significant reaction on July 5 as it neared the key demand zone around $2.73. If TON holds above the $2.90 area, further gains toward $3.10 and above may be possible.
Toncoin's Growing Market Presence
The announcement of the Golden Visa aligns with increasing interest in digital residency programs linked to cryptocurrencies. Offering residency for token holders while maintaining full control over staked tokens may support both price stability and network liquidity. The partnership with the government and the current breakout structure create both technical and narrative momentum for TON price in the coming days.
The rise in Toncoin's price, driven by its partnership with the UAE, highlights a new direction in attracting investors and maintaining stability in the digital asset market.
