What’s Next For Toncoin Price After Reaching 100 Million Holders?
The post What’s Next For Toncoin Price After Reaching 100 Million Holders? appeared on BitcoinEthereumNews.com.
Toncoin (TON) price has entered a slight downturn after weeks of bullish momentum. This dip emerges as selling pressure builds across the cryptocurrency market, affecting multiple digital assets. Following a significant surge, the market is now experiencing a correction. Despite this, the TON network’s user base has seen substantial growth. Toncoin Price Fluctuates Amid 100 Million Holders Toncoin price experiences a notable impact as The Open Network (TON) celebrates reaching 100 million holders. This milestone represents significant growth from the 4.3 million holders recorded at the start of the year. In this context, a holder refers to a unique address maintaining a non-zero balance on the network. $TON Holder Count reaches 100 million “At the beginning of the year, the number of holders was ‘only’ 4.3 million. This shows that #TON has experienced huge growth.” – By @JA_Maartun Read more 👇https://t.co/sqFPm5bM9d pic.twitter.com/V0Ikl1bkXF — CryptoQuant.com (@cryptoquant_com) October 8, 2024 The sharp rise in holder numbers underscores TON’s accelerating adoption, particularly in recent months. The introduction of major Telegram gaming tokens on the network, such as Hamster Kombat, contributes to this surge. Regardless of personal views on TON as a cryptocurrency or network, it’s clear that TON is ushering millions of Telegram users into the cryptocurrency sphere. This expansion is substantially broadening the global crypto community. Can Toncoin Price Rebound To ATH? The TON price has seen a 1.41% dip today, currently at $5.21. The telegram-based altcoin’s 24-hour price range has fluctuated between $5.15 and $5.31, reflecting the volatility in the broader crypto market. Toncoin, which reached an all-time high of $8.24 on June 15, 2024, has now fallen by 36.76%. However, it’s still significantly above its all-time low of $0.3906, recorded on September 20, 2021, marking a massive 1,233.24% gain since then. The Layer 1 coin is undergoing a notable correction,…
Filed under: News - @ October 8, 2024 9:24 pm