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In the cryptocurrency world, after a period of significant activity, attention has now turned to Toncoin (TON). This cryptocurrency showed solid performance in the first half of the year. However, there is curiosity about what to expect for the rest of the year. For Toncoin holders, it is crucial to closely monitor critical updates and market dynamics to see the token price reach the $10 level.
Toncoin Holders
Currently, 21% of Toncoin holders have managed to keep the token at the price they initially purchased it. This indicates that holders are carefully evaluating their decisions and believe in the long-term potential.
Moreover, according to IntoTheBlock data, the percentage of holders who bought TON in the last 30 days is 29%. This shows increased interest in the token and new investors entering the market. The price increase over the past month has also contributed to these new holders being in a profitable position. Crypto Traders Are Rushing to This App – Here’s Why You Should Too
When examining price movements, a generally positive trend is observed. However, last week Toncoin’s price experienced a slight drop, decreasing by 1.91%. It should be noted that such short-term fluctuations can influence the sell or hold decisions of investors at the breakeven point. However, considering the recent momentum, many may prefer to hold, which could further contribute to the price increase.
TON’s Current Price
Toncoin’s current price is approximately $6.39, and this level currently acts as support. If this support continues and the downward trend is broken, the token is expected to rise to $10.
The long-term potential of Toncoin is emphasized by many researchers. Especially, factors such as the token’s supply dynamics, active user base, and integration with Telegram are noted to contribute to long-term price increases.
Regarding this, the relationship with Telegram is also highlighted as a critical factor. Recently, it was announced that Telegram plans to launch a cryptocurrency on its platform. This situation creates a potential that could positively affect Toncoin’s price. However, according to recent data from Santiment, activity on the Toncoin network is declining. Although this decline indicates a potential short-term impact on the price, the long-term potential still appears strong.
