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ToggleWill USDT and Ton join forces to change the landscape of stablecoins? !
In April this year, Tether announced its cooperation with TON to integrate USDT into the TON ecosystem, and use the built-in wallet to make payment as simple as Venmo or Apple Cash. Within three days of its launch, the total supply of USDT on the TON chain exceeded 60 million, and it has been growing rapidly since then.
TON allows transaction operations between two users for only a flat fee of ~$0.10, which is much lower than many other solutions on the market. Recently, many well-known exchanges have begun to accept the use of TON to send and receive USDT, which is expected to attract more users to use the TON public chain for value transfer.
With the popularity of Notcoin, chain games will usher in the form of mini programs!
More than 360 million users each month participate in what Telegram calls "mini-apps," which include chatbots and mini-games. Among them, Notcoin is the first Telegram game to create a clicker model, and it is also one of the fastest spreading on-chain applications. Founder Sasha once expressed in an interview that he wanted to continue to develop from the "Clicker" narrative. The plan for the next four years is to enable the project to continue to grow by building "sustainable and efficient subsystems." For example, the Notcoin app launched a campaign that allowed users to earn $NOT rewards by interacting with other Telegram apps, stimulating demand for $NOT while burning some tokens.
The success of Notcoin has opened up the imagination for Telegram's games, demonstrating the platform's huge potential in user participation and strong community consensus. Whether it is improving Notcoin's game mode or introducing other game methods, a large number of teams have begun to launch game projects on TON. As the absolute leader in this field, $NOT has both meme and symbolic meaning. It is worth looking forward to the future explosion of the currency price as the ecosystem explodes.
Trading strategy reference
Having said all that, if you want to participate in the TON ecosystem, how do you get started? In addition to the familiar "spot/contract trading", OKX also has a super-complete set of trading tools. We have compiled two useful tools and usage logic in this article for your reference ~
$TON Trading Strategy: Spot Grid with Spot Martingale
$TON is still in the rising range. After a short period of rise, it returned to the monthly line as support. From the discount price position (blue line), the main force of the rise of SMA30 is still small. If it does not fall below SMA30, it is optimistic that it will continue to rise. However, the current market situation is unstable and $TON has the opportunity to continue to consolidate within the range. Therefore, it is recommended to use the spot grid to earn the range of $8.29 to $6.3. And if $TON falls below $6.3 due to the market decline, given that its currency price performance has been relatively strong in the past few quarters, you can use contract martingale to gain rebound profits.
First, select 1% in "Add position at a lower price" (aggressive people can adjust it downwards) and set the "single profit target" at around 3-5%. Since I estimate that there is a chance of returning to the range of around $6.3, which means that the current price will drop 10-15%, I can set the "maximum number of times to add positions" to about 8-10 times. I am used to setting the leverage at 5-8x.
In "Advanced Settings", you can set the trigger condition to $7. "Price position amount multiple" can be selected as 1.2 (meaning that if the initial position is 100u, the second order will be 100*1.2=120u), and the "position spread multiple" is maintained at 1.
Under such a setting, the strategy will start running if $TON falls below $7. At the same time, if $TON remains strong, there is a high chance that it will not fall below the bottom of a range and will rebound to the current range. Then we have the above The designed strategy will help us grasp complete profits in this market!
$NOT Trading Strategy: Spot Martingale with Contract Grid
Taking the current $NOT trend as a whole, it has backtested 50% from the high point and is still in a downward trend. However, from the downward trend, the trading volume is continuously decreasing, which infers that the market supply is decreasing. In addition, judging from the correlation, the Not/Ton correlation in the past month is 0.58, and the one-week correlation is 0.83. If you are optimistic about $TON, you can infer that the bottom of $NOT has slowly formed.
If you are also optimistic about the future development of the Notcoin project, but are also worried that the recent retracement of the market will cause small coins to suffer violent fluctuations, you can use spot Martingale to gradually deploy $NOT spot. In addition, you can also use the long contract grid to further amplify profits after breaking through the downward trend triangle (refer to the figure below).
In terms of spot Martingale parameter setting, you can look at the backtest range of $NOT, which ranges from 3-15% in daily increases and decreases. You can capture every 2% to increase your position, and more aggressive investors can capture smaller amounts (such as 0.5-1%). In the "Investment Amount" option, enter the position you want to enter into in the "Initial Order Amount", and select the "Initial Add-In Amount" and "Number of Add-In Orders". If you add a position once at 2% as mentioned above, you can fill in the "Number of Addition Orders" as 10, which means it is estimated that there will be a chance of a 20% retracement.
If the above is too much to review, OKX actually has multiple AI strategies that can be used directly. They are also divided into three strategies: "conservative", "balanced" and "aggressive" according to risk attributes, which are very suitable for grid novices!
Extended reading: About the development of Ton
TON (The Open Network) was originally built by the founders of the Telegram team – Nikolai and Pavel Durov, and launched the issuance of Ton tokens during the heyday of ICO in 2017. Although due to the obstruction of the US SEC, TON will continue to develop under the community-centered Ton Foundation after 2020, but it still carries many people's expectations for the mass adoption of blockchain.
In 2023 last year, TON Network ushered in a series of fundamental good news. Not only did it receive investment from institutions such as Mask Network and Animoca Brands, but its currency price also surged. As regulatory attitudes towards the encryption industry gradually soften, Telegram officially announced that it regards TON as its own Web3 infrastructure, and the two parties have established a formal partnership. The BLOCK reported that after Pantera invested heavily in TON Network at the beginning of the year, it is recently raising funds to further invest $TON, which shows its emphasis on the project.
With the improvement of infrastructure, the ecosystem is sprinting at full speed
At last year's Token 2049 event, Telegram announced the launch of TON Space, a native non-managed Web3 wallet integrated into the application, lowering the threshold for users to participate in the decentralized financial ecosystem. In addition, there are also rich DeFi applications in the ecosystem ( Stone.fi , DeDust, TonUP, etc.). The Ton Open League launched by the foundation in April uses rich incentive plans to attract more on-chain developers to build an ecosystem together.
Objectively speaking, the ecology on TON is still not as mature as many old public chains, but it represents a huge space for imagination in the future. Coupled with the continuous inflow of funds (you can observe TVL and stable currency issuance), I believe that this year will There are innovative application types emerging.
2024/6/21 $NOT Ready to go?
Summary of previous information: Notcoin is a popular game in the Ton ecosystem. It focuses on "Tap to Earn". Players can make money by clicking on the game. After most of the airdrops were conducted in May, $NOT entered full circulation and was also listed on major exchanges. Due to its gaming and meme-like nature, it has gained a lot of attention in the market.
Bollinger Bands View: $NOT is contracting in Bollinger Bands, suggesting a possible new direction. It is currently oscillating between $0.014 and $0.017, and grid operations are feasible.
Ichimoku Balance Sheet's view: After the Ichimoku Balance Sheet showed the death cross, the trend fell and entered consolidation. Volume shows an increase that cannot be sustained, and the market lacks consensus and sentiment. Based on the cloud pressure, it is suitable for grid trading in the short term unless the trend falls further.
Considering that the ETH spot ETF is about to pass and funds will flow back to the Ethereum ecosystem, the upward momentum of $NOT is limited. It is suitable to perform grid operations in the short term, and then adjust the strategy when the situation changes.
Grid operation suggestions: The grid operation range is set to $0.014 to $0.017, and 6 grids are sufficient. Operate using the OKX exchange’s spot grid.
If you want to learn more, welcome to join the OKX LINE group
In addition, OKX starts the NOT airdrop month, completing the first task between 14:00 on June 21st and 23:59 on July 31st to share a total of 4,500,000 NOT prize pool.
The above information only represents personal opinions and does not constitute any investment advice, nor does it represent the official position of OKX. Investments are risky, remember DYOR.
