CandleFocus Toncoin (TON) On Track to Overtake Ethereum in User Base by Year-End
2024-10-29
Author: Content Editor
Toncoin, an altcoin linked to Telegram, is experiencing significant growth in its user base, with a surge in the number of TON holders. Analysts predict that TON could surpass Ethereum in terms of user adoption by the end of the year. However, the rate of growth in TON's holder count may slow down in the coming months, and Ethereum's user base is also growing, which could impact the projected timeline. The holding time for TON has also increased, indicating greater optimism among investors. Additionally, TON whales have been increasing their accumulation, signaling a potential price rally. If these trends continue, TON's price could break above resistance levels and move higher. However, if market sentiment changes, TON's price may struggle to break past resistance and could trend downward. TON is currently trading at $5.01.
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