- *Strong On-Chain Activity*: Toncoin has seen a significant increase in new and active addresses on its network, with a 36.68% and 51.48% surge, respectively, over the past week. This uptick in user engagement is largely attributed to treasury initiatives and ecosystem upgrades.
- Rising Futures Demand: The open interest in Toncoin futures has reached an all-time high of nearly $384 million, indicating growing investor confidence.
- Ecosystem Growth: Toncoin's decentralized exchange, (link unavailable), raised $9.5 million in Series A funding, signaling broader confidence in the TON platform and its potential as a core DeFi layer.
- Institutional Investment: The TON Foundation and Kingsway Capital have established a $400 million institutional treasury aimed at acquiring and holding Toncoin, which could support market stability and enhance long-term value.
Toncoin's price surge is also supported by technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), which suggest a bullish scenario. Analysts predict that Toncoin could reach Fibonacci targets of $4.00, $4.40, and potentially even $5.00 if the momentum continues
*Toncoin's Price Prediction*: Some experts suggest a baseline price range of $3 to $6 for 2025, with more optimistic forecasts reaching up to $10 if major developments, such as deeper Telegram integration, occur .
Overall, Toncoin's recent wave is driven by a combination of strong on-chain activity, ecosystem growth, and institutional investment, making it a promising player in the crypto space.