Toncoin Hits New High and All Holders Now in Profit
Recent data indicates that all TON holders are currently in profit, with the price hovering around $8.00. This is a significant milestone for TON, signifying a major shift from last year when a significant portion of addresses were underwater.Toncoin's recent performance has been stellar, with its price skyrocketing over 7% on Friday to reach a new all-time high of $8.13.
This growth spurt means that the average acquisition price for all 21,490 TON addresses is now below the current market price, putting all holders in a profitable position. This is a stark contrast to a year ago, when over 90% of TON addresses were in loss, with the token trading around $1.40.
Analysts believe several factors are contributing to Toncoin's impressive rally. The growing popularity of Telegram, the fast-growing messaging app with which TON is closely associated, is likely a significant driver.
Additionally, the increasing adoption of TON for decentralized applications (dApps) is fueling investor optimism for the token's future potential.With Toncoin reaching new heights, it will be interesting to see if the uptrend continues.
