Toncoin (TON) has seen some significant movements in September 2024. Following a steep sell-off, the coin has shown resilience, with analysts forecasting that it may reach up to $10 this month. While TON dropped 21% in August due to market pressures and the arrest of Telegram's CEO, it rebounded slightly, trading around $5.21 recently. Experts suggest it could average $6.89 by the end of September【6†source】【7†source】.
Despite the recovery, challenges remain, including regulatory investigations into Telegram. However, growing investor interest has led to a spike in new Toncoin wallets【6†source】【8†source】. The coin’s performance will largely depend on overcoming these hurdles and maintaining its bullish momentum.