$TON had a good first half of the year – Can the price reach $10 in the second half?

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29% of Toncoin holders have accumulated tokens in the past 30 days as TON price increased by more than 22%. This is more than the number of cryptocurrency buyers a year ago. 

However, the past seven days have not been kind to Toncoin as the price dropped 1.91%. However, based on performance this year, the 21% of TON holders who are breaking even may decide not to sell. The reason is that part of them may be among the 29% of holders who bought tokens in the past month. 

So can TON reach 10 USD?

According to Moodley, Toncoin's supply, active user base, and links to Telegram could help the token increase in price. 

“Currently, with a supply of 5 billion tokens and an inflation rate of 2%, an estimated 10 billion tokens in 35 years have the potential to increase in price steadily over the long term.”

On May 23, Telegram revealed that it would release a digital currency for payments on its platform. Considering the social media platform's links to Toncoin, there are speculations that the token could be involved in the scheme.

If so, activity on the network as well as demand for the token could skyrocket and it would only take a short time for TON to reach $10.

However, data from Santiment shows that activity on the Toncoin network has decreased. At the time of writing, the number of active addresses in 24 hours also decreased to 356, almost identical to the figure before the price increase to $7.45 in May.