Toncoin Breaks $2.98 After Dubai Reveals Game-Changing Visa for Crypto Holders

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.