Toncoin continues to show an upward trend, steadily increasing its price and user engagement. This article explores the factors behind the current trends.
User Activity Holds Steady
According to data from Santiment, the number of active addresses on the TON network over the past 7 days was 863 as of August 1. This metric shows stable user engagement despite a brief dip in late July, indicating sustained interest in the project.
Toncoin Price Analysis
As of today, Toncoin's price is $3.676 with a market cap of $8.84 billion. The 24-hour trading volume remains high at $583.89 million. The price ranged from $3.36 to $3.71, indicating intraday volatility with an upward bias. TON is trading within an ascending channel and is currently testing resistance around $3.69. Immediate support lies at $3.31, with a stronger floor at $3.25.
Frequently Asked Questions
What is TON price now? The price of Toncoin at the time of writing is $3.666 with a daily gain of 4.94%. Why is Ton's price up today? The price increase is driven by Telegram ecosystem growth and rising altcoin demand. Can the TON price break above $4 soon? Yes, if momentum sustains and it clears $3.80, $4 is a likely short-term target.
The overall Toncoin trend indicates a rise, supported by user activity and backing from Telegram. Its future seems linked to continued demand for the token.
