Toncoin’s user adoption rate is increasing even as prices are falling. This surge in new users suggests the blockchain is expanding, offering potential growth within the market. Analyst JOE Wedson notes a rise in new addresses, pointing to daily user attraction and opportunities for price recovery.

With more participants entering the TON ecosystem, the network is gaining momentum. Large holders, or whales, are increasing their investments, signaling Optimism for the altcoin’s future. Their buy-in suggests that market sentiment is shifting towards a possible price rally.

Although Toncoin’s price has dropped from 6.1 USD to 5.0 USD, the increased user base and buying pressure from whales indicate a bullish trend. This momentum, combined with positive market conditions, could help Toncoin reclaim a price level of 5.7 USD and avoid further declines.