The Toncoin (TON) network has been subject to increased drama over the past few weeks. Over the past month alone, TON dipped by 2%. This is a fairly dainty drop, considering Telegram’s Pavel Durov was arrested.
It looks like this arrest did not bother the cryptocurrency community, which continued showing interest in the TON network through its price change and network activity.
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Toncoin’s Recent Performance And Future Predictions
Like the rest of the market, the altcoin surged nearly 3% over the last seven days. Following a slight setback at press time, TON was trading at $5.59.
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Increased Network Activity
According to data from IntoTheBlock, the Toncoin network was recording increased activity. The total number of addresses in the network witnessed a major spike over the last couple of weeks, which was noticed during Durov’s arrest.
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Analysis
– Bitcoin, Ethereum, XRP, Solana & Dogecoin
Bullish Predictions For Toncoin
Data from Changelly highlighted that the next few days will be highly bullish for TON. The asset is expected to encounter double-digit surges throughout the coming week. Sadly, the altcoin will not be able to rise to a high of $10, but it will undoubtedly be closer to this level.
Potential New High For Toncoin
According to the firm, TON will trade at a high of $8.41 on September 30. This marks a 48% spike from its current price level and is higher than TON’s all-time high of $8.24. Toncoin hit this peak back in June, about three months ago. The altcoin is 32% below this high. With the latest prediction, Toncoin might hit a new high before October begins.
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