As seen above, a total of 16,695 unique wallets held units of Toncoin as of May 1 2024. But since the number of active TON holder has continue to rise at a progressive rate.
Consequently, that figure has now ballooned to 21,800 active TON wallets at the time of publication on June 13.
This 30% increase in the number of new funded wallets over the last 45-days signals that new investors are not only joining the Toncoin network, but they are also bringing fresh capital, buying copious units of TON to participate actively within the ecosystem.
This largely explains why TON price action has outperformed the market average in June 2024.
TON Price Forecast: Next Stop $10?
Toncoin price is on course to close above the $7.50 support level for the second consecutive trading day. With the growing influx of new investors, TON bulls are well-poised to stage a decisive breakout towards new all-time highs above $10.
In terms of short-term resistance, the upper-limit Bollinger band technical indicator highlights the $7.75 territory as the major roadblock.
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