Usman Salis
Toncoin (TON) is making headlines again—not for a tech update, but for a surprising real-world utility. Investors can now obtain a 10-year golden visa to live in Dubai by staking TON. The news quickly sent the asset surging, with the TON price jumping more than 8% in a single day.
TON Breaks Out as Dubai Unlocks Crypto-Backed Residency
Dubai now offers residency for those who stake $100,000 in TON for 3 years and pay a $35,000 fee. That’s a steep discount compared to the traditional path through $540,000+ real estate investments.
Investors responded rapidly. Toncoin (TON) soared to a 24-hour high of $3.052, before slightly pulling back to $2.983 at press time. The price jump represents a +8.19% daily gain, clearly shown in the hourly chart.
Technical Signals Confirm the Bullish Sentiment
The rally was reinforced by technical indicators:
- TON broke through key moving averages—MA(7) at $2.862, MA(50) at $2.770, and MA(100) at $2.814
- The price bounced strongly from a recent low of $2.723, confirming a breakout pattern
- Current price holds firm at $2.983, with bulls eyeing previous highs near $3.05 and above
The green candle on the chart and a clean break of resistance point to continued bullish momentum—especially as market participants view TON as more than just a speculative token.
Usman Salis
