Toncoin

DOGS

Memecoin

POPCAT

Coin

<p>TON has achieved a key milestone, recording an all-time high in daily active users. According to an announcement, the network surpassed 1.1 million daily active on-chain users.&nbsp;</p> 
<p>Moreover, this surge in user engagement comes despite the ongoing bearish trend in <a href="https://captainaltcoin.com/bitcoin-price-dips-below-58k-why-is-the-crypto-market-down-today/" target="_blank">Toncoin (TON)</a> prices, which have been struggling to break free from downward pressure.</p> 
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   <p lang="en" dir="ltr">TON reaches new ATH with 1.1M daily active users! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/270a.png" alt="✊" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Today, <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#TON</a> achieved a new milestone, reaching an all-time high of 1.1M daily active onchain users! This week alone, daily active users surpassed 1M on three separate days.<a href="https://t.co/2m433twxVN" target="_blank" rel="nofollow">https://t.co/2m433twxVN</a> <a href="https://t.co/kWUiI3qACO" target="_blank" rel="nofollow">pic.twitter.com/kWUiI3qACO</a></p>— TON 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1829790849930313903?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 31, 2024</a>
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<p>According to TON’s official X account, the network saw a great week ending on August 31, 2024. This is as three days in a row saw daily active user counts surpass one million.&nbsp;</p> 
<p>Since the start of the year, the blockchain’s user population has more than quadrupled. At that time, the network had 3.6 million active addresses.</p> 
<h3 class="wp-block-heading" id="strong-impact-of-new-memecoin-launch-on-ton-s-user-growth-strong"><strong>Impact of New Memecoin Launch on TON’s User Growth</strong></h3> 
<p><a href="https://coingape.com/dogs-price-recovery-begins-despite-airdop-sell-on-rise/" target="_blank" rel="nofollow">The introduction of DOGS</a>, a new memecoin named after Telegram inventor Pavel Durov’s dog Scotty, is partly the reason for the spike in TON’s user base. The introduction of DOGS brought in a large number of users to the TON network, which in turn increased the number of active users.&nbsp;</p> 
<p>This event has shown that the network can use the popularity of memecoins among crypto enthusiasts to draw in and interact with a wide variety of individuals.</p> 
<p>According to data from <a href="https://tokenterminal.com/terminal/projects/the-open-network" target="_blank" rel="nofollow">Token Terminal</a>, the spike in user engagement is evident. This is shown by 787,890 daily users, 3.12 million weekly users, and 5.47 million monthly users recorded. This growth indicates a robust and active community on the TON network, which could have positive implications for its future.</p>  
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   Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
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    <p>Meet <a href="https://thepandaworld.com/en" target="_blank" rel="nofollow"><strong>PandaWorld</strong></a>, the new meme coin currently selling at <a href="https://thepandaworld.com/en" target="_blank" rel="nofollow"><strong><em>discounted presale prices</em></strong></a>! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/bitcoin-price-dips-below-58k-why-is-the-crypto-market-down-today/" target="_blank"><strong><em>Bitcoin Price Dips Below $58k – Why Is The Crypto Market Down Today?&nbsp;</em></strong></a></p> 
<h3 class="wp-block-heading" id="strong-toncoin-price-performance-amid-market-uncertainty-strong"><strong>Toncoin Price Performance Amid Market Uncertainty</strong></h3> 
<p>Despite the user growth, TON has faced challenges in the market, with its price declining over the past week. At press time, Toncoin was trading at $5.33, a slight 0.80% increase in the last day.&nbsp;</p> 
<p>Over the past week, TON has plunged by&nbsp; 6.72%. The market cap of Toncoin stands at $13.52 billion, with a 2dail trading volume of $282.4 million.</p> 
<p>An analysis of TON’s chart on the daily timeframe indicates a bearish trend. The middle Bollinger Band trades below by the price. The MACD indicator has also shown a bearish crossover, suggesting that the downward trend may continue.&nbsp;</p> 
<p>In addition, the RSI is approaching an oversold region, indicating that more losses in the asset may occur before a potential rebound or reversal.</p> 
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  Source: <a href="https://www.tradingview.com/x/U3u8sSE1" target="_blank" rel="nofollow">TradingView</a>
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<p>The increase in TON network users is a good thing, however the price of TONcoin is still unstable. The viability of Toncoin will be largely dependent on the network’s capacity to retain and grow its user base.&nbsp;</p> 
<p>According to <a href="https://defillama.com/chain/TON?stables=true&amp;chainTokenMcap=true&amp;volume=true" target="_blank" rel="nofollow">DefiLlama</a>, the Total Value Locked in TON’s ecosystem is around $353.35M. This is with stablecoins accounting for a market cap of $620.29M and a trading volume of $16.44M.</p> 
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<p>The post <a href="https://captainaltcoin.com/ton-network-breaks-the-record-with-new-active-users-will-toncoin-price-pump/">TON Network Breaks the Record With New Active Users – Will Toncoin Price Pump?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

TON Network Breaks the Record With New Active Users – Will Toncoin Price Pump?

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