国产av日韩一区二区三区精品,成人性爱视频在线观看,国产,欧美,日韩,一区,www.成色av久久成人,2222eeee成人天堂

Home web3.0 Toncoin (TON) Price Fluctuates Amid 100 Million Holders

Toncoin (TON) Price Fluctuates Amid 100 Million Holders

Oct 09, 2024 am 03:26 AM
toncoin Holders Price

Toncoin price experiences a notable impact as The Open Network (TON) celebrates reaching 100 million holders. This milestone represents significant growth

Toncoin (TON) Price Fluctuates Amid 100 Million Holders

As the crypto market experiences selling pressure, Toncoin (TON) price has seen a slight dip. This dip comes amid a broader market correction following a period of bullish momentum. However, The Open Network (TON) has achieved a significant milestone with over 100 million holders.

Toncoin Price Fluctuates Amid 100 Million Holders

The Open Network (TON) has celebrated reaching 100 million holders, showcasing remarkable growth from 4.3 million at the beginning of the year. A holder in this context refers to a unique address with a non-zero balance on the TON network.

“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

This sharp increase in holder numbers highlights TON’s accelerating adoption, especially in recent months. The introduction of major Telegram gaming tokens on the network, such as Hamster Kombat, has contributed to this surge.

Whether viewing TON as a cryptocurrency or network, it is undeniable that the platform is bringing millions of Telegram users into the crypto space, expanding the global crypto community to new heights.

Toncoin Price To Rebound To ATH?

Today, the TON price experienced a 1.41% decrease, currently trading at $5.21. The Telegram-based altcoin encountered a 24-hour price range of $5.15 to $5.31, reflecting the volatility present in the broader crypto market.

Having reached an all-time high of $8.24 on June 15, 2024, the Toncoin price has since dropped by 36.76%. However, this still marks a substantial increase of 1,233.24% from its all-time low of $0.3906, recorded on September 20, 2021.

The Layer 1 coin appears to be undergoing a correction, indicating a potential downward trend. The market sentiment leans toward weakness, which could amplify the current decline. However, if bullish pressure emerges, the TON price might encounter resistance at the $6 level. If this momentum continues, it could propel the price toward its all-time high of $8.24.

The Moving Average Convergence Divergence (MACD) indicator shows a minor bullish crossover. The MACD line crossed above the signal line, indicating a potential trend reversal. But the MACD histogram remains close to neutral, suggesting the market is yet to gain bullish momentum.

After reaching 100 million holders, Toncoin’s price encountered a correction, but its growing user base could provide support for its recovery. If bullish momentum returns, the price could rebound, potentially reaching its all-time high again in the coming months.

1. What factors are driving the adoption of Toncoin?

The Open Network (TON), powered by Telegram, has seen a massive surge in adoption, largely driven by the platform's integration with Telegram, one of the world's most popular messaging applications. This integration has played a crucial role in onboarding millions of new crypto users, particularly in emerging markets.

Additionally, TON's focus on gaming, decentralized applications (dApps), and a user-friendly experience has contributed to its growing appeal among mainstream audiences. The recent introduction of several Telegram gaming tokens, such as Hamster Kombat, has further accelerated TON's adoption.

2. What is the significance of the 100 million holders milestone?

As TON celebrates reaching 100 million holders, this achievement marks a significant expansion in the platform's user base. Notably, at the beginning of 2024, TON had only 4.3 million holders, highlighting the platform's remarkable growth throughout the year.

This milestone is particularly noteworthy as a "holder" in the TON context refers to a unique address maintaining a non-zero balance on the TON network. This definition excludes any dust or negligible balances, providing a more precise measure of active users.

3. Could Toncoin rebound to its all-time high?

After reaching an all-time high of $8.24 on June 15, 2024, Toncoin price has experienced a notable decrease. However, with the recent bullish momentum and increasing adoption, Toncoin price could potentially rebound toward its all-time high in the coming months if market conditions remain favorable.

The above is the detailed content of Toncoin (TON) Price Fluctuates Amid 100 Million Holders. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undress AI Tool

Undress AI Tool

Undress images for free

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

XRP Price Prediction: Can the XRP Cryptocurrency Hit the Critical $1.96 Resistance Level This Week? XRP Price Prediction: Can the XRP Cryptocurrency Hit the Critical $1.96 Resistance Level This Week? Nov 17, 2024 pm 03:20 PM

The XRP token has experienced an upward trend not seen in years, as its price surged massively, reaching a three-year peak of $1.2654.

SUI Price Rally 60% In a Week Hitting New Market Cap High of $8.7B SUI Price Rally 60% In a Week Hitting New Market Cap High of $8.7B Nov 11, 2024 am 01:14 AM

According to recent data, SUI price has increased by 32.4% within the last 24 hours, and by over 60% over the span of 7 days.

Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024 Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024 Nov 17, 2024 pm 10:08 PM

On November 17, 2024, the latest exchange rates of Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported.

XRP Price Gains Momentum Amid Bullish Trends and Regulatory Optimism XRP Price Gains Momentum Amid Bullish Trends and Regulatory Optimism Nov 17, 2024 pm 10:10 PM

Technical and fundamental reasons have helped Ripple's XRP go into a bullish trend. CoreCrypto1, a crypto analyst on TradingView, noted on the weekly chart

Four Entities Could Take XRP Price to $10 as the Asset Gains Stability After Plunging 14% Amid SEC Appeal Notice Four Entities Could Take XRP Price to $10 as the Asset Gains Stability After Plunging 14% Amid SEC Appeal Notice Nov 11, 2024 pm 04:16 PM

XRP has witnessed slight gains over the past few days after Donald Trump emerged as the winner of the just-concluded U.S. presidential election.

Why Cardano (ADA) Price Rally Isn't Overbought Despite Massive 83% Weekly Surge Why Cardano (ADA) Price Rally Isn't Overbought Despite Massive 83% Weekly Surge Nov 11, 2024 am 12:28 AM

Most major altcoins witnessed a renewed recovery trend in November amid the U.S. election buzz and Donald Trump's victory.

Avalanche (AVAX) Price Analysis: What's the Next Direction? Avalanche (AVAX) Price Analysis: What's the Next Direction? Nov 19, 2024 pm 04:20 PM

The price of Avalanche (AVAX) has risen above the support level of $22 and has broken above the moving average lines and resistance at $30.

TON Network Records Double-Digit Surge in the Last Seven Days, Remains Among the Fastest Growing Blockchains This Year TON Network Records Double-Digit Surge in the Last Seven Days, Remains Among the Fastest Growing Blockchains This Year Nov 17, 2024 pm 09:46 PM

The Ton Network remains among the fastest-growing blockchains this year. This comes on the heels of massive inflows and soaring bullish sentiments in various market sectors.