Toncoin Price Soars 8% As It Flips Ethereum In Active Daily Users, And Analysts Say This New GameFi Crypto Might Be Next To Explode

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The Toncoin price surged 8% in the last 24 hours to trade at $7.525 as of 03:33 a.m. EST on trading volume that skyrocketed 112% to $680 million.

This comes as Telegram’s The Open Network (TON) blockchain recorded more daily active users than Ethereum nearly every day this month. That’s attributed to Telegram’s 900 million user base, which Delphi Digital says is a factor that Crypto Twitter ignores.

The Toncoin price trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish upside potential.

Moreover, the Relative Strength Index (RSI) trades up towards the 70-overbought region, currently at 60, which shows that the bulls are gearing up towards a bullish run as they buy more.

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