Toncoin just achieved a huge milestone with its active addresses hitting a daily average of 3 million, surpassing other major blockchains.
User demand is unaffected, recovery is here
Before this uptrend, Toncoin faced a decline of 15.61% over the previous months.
The surge now in demand is reflected in its trading volume, which has jumped by 46.6% to reach $322.5 million, and many experts think this increase in trading activity shows growing interest and adoption of Toncoin.
Toncoin’s active addresses have seen pretty impressive growth, allowing it to outpace other well-known cryptocurrencies like Bitcoin, Ethereum, andd Dogecoin.
During the first week of September, Toncoin processed nearly 60 million transactions, which also proves the growing activity and engagement within its network.
Toncoin’s price, what’s next?
The increased activity on the Ton blockchain is a good sign, and it will impact the market performance in one way or another.
Toncoin already experienced a positive price divergence over the past week, suggesting that more users are interacting with the network despite stagnating prices. This rising interest may lead to higher prices in the future.
In addition to this positive trend, there has been a quite significant inflow of large holders into Toncoin, with numbers reaching 563.7 million tokens.
This also signals pretty strong demand from larger investors, but it also highlights a growing concentration of Toncoin among whales.
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Toncoin is gaining popularity as shown by its active addresses and transaction numbers, so the success is undeniable.
If these trends continue, there is potential for Toncoin to challenge its previous resistance level of around $6.75. Or at least, traders and analysts hope so.
One thing is sure, if the current market conditions remain favorable, Toncoin could see even greater rally soon.
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