An influential crypto trader is showing optimism towards Toncoin (TON) and believes that one particular altcoin has the potential to surprise the market. Going by the pseudonym Loma, the trader informs his 303,000 followers on X that he plans to accumulate TON, the native token of the layer-1 crypto project Toncoin, when it reaches the $5 price range. Loma advises his followers to build their TON positions around this area and suggests adding to the position at a higher price range. However, he cautions that if the price falls below the initial accumulation range, it may be necessary to reduce or eliminate the position. Loma emphasizes that many other coins exhibit similar patterns and advises traders to choose wisely. He concludes by stating that it is not logical to be excessively bearish when the market structure is at higher time frames. At the time of writing, TON is trading at $5.55.

Loma also expresses a positive outlook on Binance Coin (BNB), the cryptocurrency that powers the BNB Chain ecosystem. He believes that BNB is on track to reach new all-time highs. Loma points out that BNB has already recovered from its previous decline and highlights factors such as quarterly burns and negative funding as reasons for its potential to achieve new ATHs. He mentions that BNB is a promising dark horse among large-cap crypto assets, noting its strong structural performance in both USD and BTC pairings, the negative funding that incentivizes larger whales to hold the coin, and its immunity to short-term SEC scrutiny. At the time of writing, BNB is valued at $594.76.

Please note that the opinions expressed by Loma are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. All transfers and trades are done at the individual’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is it a financial advisor.