CandleFocus Toncoin poised to surpass Ethereum as TON gains 500K holders daily
2024-10-29
Author: Content Editor
Toncoin (TON), a cryptocurrency based on the messaging app Telegram, has experienced significant growth in its number of holders. According to CryptoQuant analysis, TON has attracted massive investors, with the number of TON holders growing from 7.12 million to 108 million between March 15 and October 17. The analysis suggests that TON has been adding around 500,000 holders per day in the past month. This growth has the potential to surpass Ethereum's number of holders by the end of 2024. However, TON has struggled with profitability, as 81% of TON investors are currently experiencing losses. Despite this, TON has seen positive signals such as increased holding times and accumulation by large-scale investors. The token is currently trading at $5.07 and could potentially reach $6.82 with broader market rallies.
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