- TON token holders grew by 2400% in 2024 and surpassed 90 million by October.
- Regardless of the volatility, TON buying and selling quantity peaked in September 2024 and confirmed robust exercise.
- Technical indicators point out potential upside momentum, with the RSI signaling elevated shopping for strain.
TON's recognition exploded in 2024, with the variety of token holders skyrocketing by 2400%. As of October 2024, there are greater than 90 million $TON holders, indicating a quickly rising person base for the platform.
Regular development of token holders, sharp improve since June
The variety of TON holders elevated steadily from January to October 2024, with a big soar from June. By October, the variety of token holders exceeded 84 million.
TON commerce quantity was extra risky, with vital spikes in mid-March, late July and September. The best buying and selling quantity occurred in September, when it exceeded 2.4 billion {dollars}. Even with the decline after this peak, the quantity of trades stays excessive in comparison with earlier months.
Present market efficiency of TON
At press time, Toncoin (TON) was buying and selling at $5.28, reflecting a rise of 0.60% over the previous day. The token's market cap is $13.40 billion, pushed by a circulating provide of two.54 billion tokens.
The worth of Toncoin initially climbed above $5.30, earlier than falling within the afternoon and following a late restoration. Regardless of the downtrend since its mid-July peak of $8.50, the token has proven indicators of restoration in current weeks.
Additionally Learn: Toncoin Up 342% in 2024, Analysts Eye $20 Goal
After falling to round $4.50, the value rebounded to $5.29. The current formation of inexperienced candles signifies rising bullish momentum. Nonetheless, it’s nonetheless unsure whether or not this can be a short-term improve or the beginning of an extended uptrend.
The MACD has not too long ago proven a bullish crossover, with the MACD line transferring above the sign line.
Moreover, the RSI moved to 52.10, indicating that the market is neither overbought nor oversold, and suggests a impartial to bullish outlook as shopping for strain builds.
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