- Toncoin’s new adoption rate is on the rise as new users enter the market.
- TON’s seems positioned for trend reversal as participants turn bullish.
Since hitting a high of $6.1, Toncoin [TON] has struggled to maintain an upward momentum. Over the past weeks, TON has declined to a low of $5.0.
Despite the price dip, the altcoin’s adoption and user base have continued to surge.
Toncoin’s new user adoption rate soars
According to CryptoQuant analyst Joe Wedson, TON’s new adoption is on the rise. As such, more users continue to join the network.
Source: CryptoQuant
According to him, TON’s network is experiencing a rise in the number of new addresses making their first transactions. This increase indicates that the TON ecosystem is growing and attracting new daily users.
This surge reflects the popularity and accessibility of the blockchain. When the new user adoption rate rises, it shows that more people are interacting with the network, creating growth opportunities within the blockchain.
With the network gaining momentum, it offers a good buying opportunity as the blockchain signals growth potential. Consequently, TON could see significant gains.
What it means for TON
While Toncoin’s new user adoption has experienced a significant rise, the altcoin’s prices have been declining.
However, the current market conditions signal a potential reversal to the upside. For starters, a rising positive sentiment among stakeholders, especially analysts, was seen.
As such, according to Burak Kesmeci, TON needs only 10% gains to strengthen the bullish momentum that’s currently building.
Source: CryptoQuant
Additionally, Toncoin’s large holders (whales) have turned bullish and are increasing capital inflow into the altcoin.
The large holders’ netflow has spiked from 6.47k to 87.93k, showing massive capital inflow from whales. This indicates that whales are buying TON.
With more purchases than outflows, it signals bullish sentiment among whales as they attempt to buy the dip.
Source: IntoTheBlock
Finally, Toncoin’s MVRV Ratio has declined over the past week to a low of 3.34. Historically, TON’s MVRV signals a trend reversal to the upside when it drops below 3.5.
Similarly, TON’s MVRV signals a market top when it reaches 4.9. Therefore, at the current rates, the market is healthy and could see some gains in the uptrend.
Source: Santiment
Simply put, the growth in Toncoin’s new adoption rate is a good sign for the blockchain. Often, when new users enter the market, it creates a higher buying pressure which facilitates price recovery.
Read Toncoin’s [TON] Price Prediction 2025–2026
AMBCrypto observed this potential as whales have entered the market to buy the dip. Therefore, if new users continue to rise, Toncoin could recover and reclaim $5.7. Consequently, a further dip could see TON drop below $5 to $4.9.
