The volume profile shows steady trading activity as well as an increase in the number of active users. This consistency in volume suggests that TON needs sustained interest for long-term growth. With a Relative Strength Index around 58, TON is in the neutral zone and has room to grow before becoming overbought.
The integration of #Toncoin and Telegram is a big advantage; Toncoin has a widely used and viable platform thanks to Telegram's infrastructure and large user base.
With this integration, Toncoin will stop being just another #cryptocurrency and join a larger and more established ecosystem. The fact that the number of active users recently surpassed 32 million shows that people's interest and trust in Toncoin is growing. The increasing number of users is a sign of TON's long-term potential, as a large user base usually means increased demand and product stability.
Arman Shirinyan is a trader, crypto-enthusiast and SMM expert with over four years of experience.
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