- Toncoin’s new adoption rate is on the rise as new users enter the market.
- TON’s seems positioned for trend reversal as participants turn bullish.
As an analyst, I’ve noticed that after reaching a peak of $6.1, Toncoin [TON] has faced difficulties in sustaining an uptrend. Over the recent weeks, there’s been a downward shift for TON, with its price dropping to a minimum of $5.0.
Despite the price dip, the altcoin’s adoption and user base have continued to surge.
Toncoin’s new user adoption rate soars
Based on the analysis by CryptoQuant’s Joe Wedson, it appears that the user base for TON is growing significantly, with an increasing number of individuals joining the network.
Based on his statement, there’s been an uptick in the creation of new transaction-making addresses within the TON network. This growth suggests that the TON community is expanding and drawing in more daily users.
This increase indicates that the blockchain is gaining both widespread appeal and ease of use. As the number of new users signing up increases, it demonstrates greater engagement with the network, opening up prospects for expansion and development within the blockchain ecosystem.
As the network continues to pick up speed, it presents a favorable moment for purchasing, given that the blockchain suggests promising growth prospects. This could potentially lead to substantial increases in the value of TON.
What it means for TON
Although there’s been a notable increase in new users for Toncoin, unfortunately, its coin prices have been falling instead.
In contrast, the present market trends seem to indicate an impending upturn. To begin with, there’s a noticeable increase in optimism amongst investors, particularly analysts.
According to Burak Kesmeci’s analysis, a mere 10% increase in TON could further boost its ongoing upward trend.
As a crypto investor, I’ve noticed a significant shift in sentiment among major Toncoin holders (the so-called ‘whales’). They seem to be growing increasingly optimistic about this altcoin, as they’re actively pouring more capital into it.
As a researcher, I’ve noticed an impressive surge in the netflow of significant investors, with their holdings increasing from 6,470 to 87,930 units. This substantial uptick suggests a massive influx of capital, implying that these ‘whale’ investors are accumulating TON.
When there are more acquisitions than sales, this suggests a positive outlook among large investors (whales), who are trying to take advantage of price drops by buying at reduced prices.
After a week’s time, the MVRV Ratio for Toncoin has dipped to a low of 3.34. Typically, when this ratio falls below 3.5 for TON, it suggests an impending bullish trend.
In a similar vein, when TON’s MVRV hits 4.9, it suggests a market peak. Given the present rates, the market appears robust and may potentially experience further growth within its upward trend.
To put it simply, the increasing number of people adopting Toncoin indicates positive developments for the blockchain. This influx of new users typically boosts demand, leading to an increase in buying interest, and ultimately aiding in the recovery of its market price.
Read Toncoin’s [TON] Price Prediction 2025–2026
It seems that AMBCrypto has noticed the possibility for growth as large investors (whales) have bought into the market during a downturn. If the number of new users continues to grow, Toncoin might regain its value and reach approximately $5.7 once more. However, if there is another dip in the market, Toncoin could drop even lower, potentially falling to around $4.9.
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2025-01-10 22:15