"TON is now more and more in demand, does the price really have the potential to go higher?"
Toncoin (TON), the layer-1 blockchain cryptocurrency founded by The Open Network unwittingly finally managed to break a new all-time high with its price already climbing up to $7.90.
Through observation, the long-term upward trend of TON can be triggered, plus the social volume and social dominance of the digital asset has changed upwards over the past five days.
Please note that the growing number of TON holders has shown confidence among investors and this means that the price could reach $10 or more if the digital asset can break through its resistance zone of $8.
Not only that, the TON blockchain network also saw strong network growth attracting more DeFi developers to the platform then the total locked value (TVL) on TON reached almost $1 billion.
In addition to the drastic increase in active TON wallets from 1.28 million in early 2024 to more than 8 million, the digital asset also made huge gains in the tap-to-earn sector and has more than 30 million users.
One of the main contributors to the TON ecosystem is TapSwap which has a global user base of $49 million and it should be noted that the upcoming airdrop aims to increase user engagement by facilitating exchanges on fiat.
As of this writing, TON price has surged by 6.60% to $7.54 in the last 24 hours with a market capitalization of over $18 billion then recorded a 3.72% increase over the last week.