Toncoin (TON) to Hit $8, New Bullish On-Chain Metrics Indicate
Toncoin ( TON ) has had an explosive year in 2024. The asset hit an all-time high of $8.25 on June 15, just one month ago. Since then the asset has fallen back down to earth, sitting under $7.50 at press time. However, new on-chain indicators show that a bullish trend may be coming, one that will send TON back to $8. Toncoin’s on-chain indicators are all flashing green as the cryptocurrency market resets. Now that the market is beginning its rebound, TON has slowed in growth, but there is still hope for reclaiming that ATH. One of the key on-chain indicators indicating bullish results for the asset is net network growth. This metric for TON is currently at 3.09%. This indicates that more people are showing interest and participation, as there is a consistent rise in the number of active addresses on the Toncoin network. In addition, the In the Money metric, which is currently 2.11% bullish, is another powerful indicator. This number shows the percentage of holders who are profi...