According to U.Today, Toncoin, a cryptocurrency with significant support from the Telegram app, has seen a surge in its user base, now exceeding 32 million active users. This growth is not reflected in its price but in its increasing popularity among users. The unique ecosystem of Telegram, one of the most widely used messaging apps worldwide, greatly supports Toncoin's bullish outlook.
The price chart of Toncoin (TON) is backed by several significant moving averages showing a clear upward trend. The 26-day, 50-day, and 200-day moving averages indicate a sustained upward trend. Despite market fluctuations, TON's price is steadily increasing, currently trading at $7.73, with $7.36 and $7 acting as support levels.
The volume profile shows steady trading activity, suggesting that continued interest is necessary for TON's long-term growth. The relative strength index is just about 58, with TON in the neutral zone and room to rise before becoming overbought.
Toncoin's integration with Telegram provides a major core advantage. Thanks to Telegram's infrastructure and large user base, Toncoin has a platform for widespread use and viability. This integration elevates Toncoin from being just another cryptocurrency to joining a bigger, well-established ecosystem. The recent milestone of 32 million active users demonstrates growing interest and confidence in Toncoin. The increase in users is a sign of TON's long-term potential as a larger user base usually translates into increased demand and product stability.