Toncoin (TON) gained bullish momentum over the past week as positivity around the asset grows strong. TON registered 8.7% gains in the past 24 hours and is trading at $2.63 at the time of writing. The asset’s market cap surpassed…
TON registered 8.7% gains in the past 24 hours and is trading at $2.63 at the time of writing. The asset’s market cap surpassed the $9 billion mark with the recent surge, marking an 11-month high.
Consequently, the positive sentiment around TON has triggered a strong “buy” signal. According to data provided by the market intelligence platform Santiment, Toncoin’s price-daily active addresses (DAA) divergence currently stands at 334% as the number of active wallets grew more than the asset’s price.
Per Santiment, TON’s total open interest (OI) has reached $10.4 million, marking a 1,000% rise over the past month — Toncoin’s total OI stood at around $946,000 on Oct. 8.
Following the bullish momentum, TON’s social volume registered an 11.5% hike on X (formerly Twitter), Telegram, Reddit, and 4chan, according to the market intelligence platform.