The post Toncoin (TON) Flips Ethereum In Daily Active Users, Fueling $10 Price Target Predictions appeared on BitcoinEthereumNews.com.

Toncoin (TON), the native token of The Open Network, experienced a 12% price drop from its recent all-time high of $7.76 over the past week, following the overall market correction led by Bitcoin (BTC).  However, despite the temporary setback, the optimistic sentiment surrounding TON and its network has led crypto analysts to speculate on a potential continuation of the halted uptrend, with some even predicting a surge beyond the current record levels toward double-digit territory. Setting The Stage For $10 Price Target Crypto analysis firm Delphi Digital made an intriguing observation, noting that TON’s daily active addresses have surpassed those of Ethereum (ETH) for the first time.  Related Reading This surge in activity is attributed to the substantial 900 million user base of Telegram, the social media platform behind TON. Delphi Digital recognizes that TON’s success hinges on leveraging Telegram’s distribution capabilities.  Ethereum (green) and TON’s (blue) daily active addresses. Source: Delphi Digital In a recent social media post, renowned crypto and decentralized finance (DeFi) analyst known as “Crypto King” recommended newcomers to explore TON, highlighting its super-fast and user-friendly blockchain infrastructure.  The analyst also emphasized the credibility of TON’s development team, which is the same team behind Telegram. Crypto King believes TON could experience a significant price spike, potentially reaching as high as $10 in the coming weeks. Market expert Alex Clay shares a similar viewpoint, noting that despite the market downturn, TON maintains its bullish structure and is poised for double-digit gains.  According to Clay, TON is on track to reach $10, with the potential for short-term targets of $10.5 and $11.6. Clay also mentions the presence of a Daily Cup & Handle pattern, further bolstering the positive outlook for TON. Toncoin Price Dips Despite Favorable Market Metrics Token Terminal data reveals notable figures for TON’s blockchain by…

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Filed under: News - @ June 12, 2024 6:28 am