Toncoin (TON) has become the center of attention in the cryptocurrency world after a period of significant activity. The first half of the year showcased solid performance for this cryptocurrency, but now people are curious about what to expect for the rest of the year. For Toncoin holders, it is crucial to closely monitor critical updates and market dynamics in order to see the token price reach the $10 level.
In terms of Toncoin holders, 21% of them have managed to maintain the token at the price they initially purchased it. This indicates that holders are carefully evaluating their decisions and have faith in the long-term potential of Toncoin. Additionally, according to IntoTheBlock data, 29% of holders have bought TON in the last 30 days, showing increased interest in the token and attracting new investors to the market. The price increase over the past month has also allowed these new holders to be in a profitable position.
When examining the price movements, a generally positive trend can be observed. However, there was a slight drop in Toncoin’s price last week, decreasing by 1.91%. It is important to note that such short-term fluctuations can influence the sell or hold decisions of investors who are at the breakeven point. Nevertheless, considering the recent momentum, many investors may choose to hold, which could further contribute to the price increase.
Currently, Toncoin is priced at approximately $6.39, and this level is acting as a support. If this support continues and the downward trend is broken, the token is expected to rise to $10. Researchers emphasize the long-term potential of Toncoin, particularly highlighting factors such as the token’s supply dynamics, active user base, and integration with Telegram, all of which are expected to contribute to long-term price increases.
The relationship with Telegram is also considered a critical factor for Toncoin. It was recently announced that Telegram plans to launch a cryptocurrency on its platform, which could have a positive impact on Toncoin’s price. However, recent data from Santiment shows a decline in activity on the Toncoin network. While this decline may have a short-term impact on the price, the long-term potential remains strong.
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