- Toncoin’s new adoption rate is increasing as new users enter the market.
- TON appears to be in position for a trend reversal as participants remain bullish.
After hitting a high of $6.1, Toncoin (TON) Struggling to maintain the upward trend. Over the past few weeks, TON has fallen to a low of $5.0.
Despite the price decline, altcoin adoption and user base continued to surge.
Toncoin’s New User Adoption Rate Soars
According to CryptoQuant analyst Joe Wedson, new adoption of TON is growing. Therefore, more users continue to join the network.
Source: CryptoQuant
According to him, TON’s network is seeing an increasing 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 blockchain. Increasing new user adoption shows that more people are interacting with the network, creating opportunities for growth within the blockchain.
As the network gains momentum, the blockchain presents a good buying opportunity signaling its growth potential. As a result, TON was able to make significant profits.
What it means for TON
While Toncoin’s new user adoption has increased significantly, the price of the altcoin has been falling.
However, current market conditions suggest a possible upside reversal. First, we see an increase in positive sentiment among stakeholders, especially analysts.
Therefore, according to Burak Kesmeci, TON only needs a 10% rise to strengthen the bullish momentum it is currently building.
Source: CryptoQuant
Additionally, large holders of Toncoin (whales) are bullish and are increasing capital inflows into the altcoin.
Net flows from large holders jumped from 6.47K to 87.93K, showing massive capital inflows from whales. This indicates that whales are buying TONs.
More purchases than outflows indicate bullish sentiment as whales attempt to buy dips.
Source: IntoTheBlock
Finally, Toncoin’s MVRV ratio declined to a low of 3.34 last week. Historically, when TON’s MVRV falls below 3.5, it signals a reversal in the trend.
Similarly, when TON’s MVRV reaches 4.9, it represents a market high. So, at the current pace, the market is healthy and we can see some profits from the uptrend.
Source: Santiment
Simply put, the increase in new adoption of Toncoin is a good sign for the blockchain. Often, new users entering the market create higher buying pressure that spurs price recovery.
Read Toncoin (TON) Price Forecast for 2025-2026
AMBCrypto has observed this potential as whales enter the market to buy the dip. Therefore, if the number of new users continues to increase, Toncoin can recover and recoup $5.7. As a result, further declines could push TON from below $5 to $4.9.