A crypto trader who is closely monitored by many is becoming optimistic about Toncoin (TON) and believes that one particular altcoin has the potential to surprise the market. Going by the name Loma, this trader informs his 303,000 followers on the social media platform X that he plans to accumulate TON, the native token of the Toncoin project, when its price is around $5. Loma suggests that if the price falls below a certain level, it might be time to reduce the position or exit completely. However, he believes that many other coins are also presenting similar opportunities, so it doesn’t make sense to be overly bearish during these market conditions.

As of now, TON is being traded at $5.55.

Loma also expresses his 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. According to him, Binance Coin has already recovered from a previous downward movement and has several factors working in its favor, such as quarterly burns and negative funding. Loma suggests that if other major cryptocurrencies like Solana and Ethereum are expected to reach new ATHs, there’s no reason why BNB wouldn’t do the same.

At the time of writing, BNB is valued at $594.76.

Loma considers BNB to be a dark horse among large-cap crypto assets and highlights its positive attributes, including its structural strength in both USD and BTC pairings, negative funding that benefits from spot holdings, and the absence of SEC persecution in the short to mid-term. Loma personally holds a bag of BNB, indicating his confidence in its potential.

Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research and analysis before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. It is important to note that all transfers and trades are done at one’s own risk, and any resulting losses are the sole responsibility of the individual. This article does not recommend the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. The Daily Hodl is a participant in affiliate marketing.