Over the past days, Toncoin has dropped significantly below the $5.20 level, yet the community remains optimistic.

TON Stablecoin Outlook

The decline in Toncoin price is attributed to recent market selling pressure. However, TON stablecoin supply has significantly increased, rising 13 times since April 2024, as per DeFiLlama data. Despite fears of Telegram founder Pavel Durov's arrest, the stablecoin grew by 25%. TON's market cap is over $767 million, indicating a robust ecosystem.

Community Support and Liquidity Growth

Telegram's community, with over 900 million users, largely drives TON's stablecoin liquidity. Platform offerings, like games Notcoin and Catizen, continue to attract participants. Moreover, new features are anticipated from Pavel Durov, allowing Toncoin-based NFTs and tokenized gifts.

Is $6 Rebound Possible?

Despite community support, TON's price remains low. Current data shows TON's price dropped to $5.04. An increase in stablecoin supply on the TON network might signal a rally. A swift recovery to $6 is expected if the broader crypto market rebounds.

The current state of Toncoin is unstable, yet the community remains hopeful for an improvement. Increased stablecoin supply may help in future growth.