Toncoin Surges To $3 On UAE Golden Visa Partnership, BCH Drops From Yearly-High Of $525

Toncoin’s price rallied to $3 on Sunday after TON unveiled a new UAE-based program. The program grants a 10-year Golden Visa to investors who stake $100,000 worth of TON for three years and pay a processing fee.

On the other hand, Bitcoin Cash has been on a steep decline in the last week. It is priced at about the $400 mark, which is below its yearly peak of $525 reached on July 1.

Toncoin’s Golden Visa Move Fuels Rally

According to CoinMarketCap, the Toncoin price broke the $2.90 barrier on Sunday. The altcoin price rose to $3 before a pullback took place. 

Toncoin’s explosive price reaction follows a joint announcement that staking $100,000 in TON through a decentralized smart contract and a one-time $35,000 processing fee qualifies the holder plus their immediate family for a 10-year UAE Golden Visa. 

The announcement was made by the TON Foundation CEO, Crown Max, in his recent tweet. Meanwhile, the staking program offers estimated annual yields of 3–4%. It also allows full control of funds through a verifiable smart contract. 

Co-founder Bobby Ong of CoinGecko noted that the initiative is a “crypto pathway” that could attract whales. On the other hand, some skeptics labeled it an informal third-party arrangement. The Toncoin price may recover in the next few days despite the latest correction. 

Carl Moon told his followers that the TON price is currently trading in a symmetrical triangle. However, the analyst argued that the altcoin must break out first. If this occurs, Carl expects the price of Toncoin to rally to $5.45. 

Bitcoin Cash Price Pulls Back After Touching $525

On July 1, Bitcoin Cash witnessed a huge rally as it climbed up the chart, soaring to a yearly high of $525, the highest since December 2024. The rally was supported by a technical breakout past multiple resistance levels. Given the massive breakout, the Bitcoin Cash price was expected to soar to $600. 

However, the bearish momentum was stronger, and it dragged the price of BCH to $475. Currently, technical indicators show that buying pressure is rising. The RSI just climbed the 50 mark, signaling a pump in buying pressure.

If the BCH price can climb above $500 and reclaim the golden cross levels, it may retest $525–$550. But inability to maintain the current support at $475 may leave it to further consolidation or retest of $440-450. 

Crypto analyst InvestingHaven feels that Bitcoin Cash is gaining traction after a break above its falling trendline. This technical move signals renewed strength in the asset’s market structure. As a result, the analyst has revised their 2025 price target for BCH to $800.

Still, they say the altcoin must cross above the $577 level to trigger a sharp and sustained rally. Meanwhile, CrypTexGuy says the Bitcoin Cash price may rally to $540 and $600. However, the expert noted that the coin must surpass the resistance at $493.

The Future Trajectory of Toncoin and Bitcoin Cash

Toncoin’s innovative UAE Golden Visa partnership has sparked renewed investor interest, pushing its price to the $3.00 mark before a minor pullback. With strong staking incentives and growing institutional curiosity, TON could resume its rally, especially if it breaks out of its current triangle. 

Meanwhile, Bitcoin Cash is trying to regain upward momentum after retracing from $525, with analysts eyeing $540–$600 if resistance levels are cleared.