• Toncoin’s new adoption rate is on the rise as new users enter the market.
• TON’s seems positioned for trend reversal as participants turn bullish.

Since hitting a high of $6.1, Toncoin [TON] has struggled to maintain an upward momentum. Over the past weeks, TON has declined to a low of $5.0.

Despite the price dip, the altcoin’s adoption and user base have continued to surge.

Toncoin’s new user adoption rate soars

According to CryptoQuant analyst Joe Wedson, TON’s new adoption is on the rise. As such, more users continue to join the network.

According to him, TON’s network is experiencing a rise in the number of new addresses making their first transactions. This increase indicates that the TON ecosystem is growing and attracting new daily users.

This surge reflects the popularity and accessibility of the blockchain. When the new user adoption rate rises, it shows that more people are interacting with the network, creating growth opportunities within the blockchain.

With the network gaining momentum, it offers a good buying opportunity as the blockchain signals growth potential. Consequently, TON could see significant gains.

What it means for TON

While Toncoin’s new user adoption has experienced a significant rise, the altcoin’s prices have been declining.

However, the current market conditions signal a potential reversal to the upside. For starters, a rising positive sentiment among stakeholders, especially analysts, was seen.

As such, according to Go to Source to See Full Article
Author: Gladys Makena