Toncoin's price surged by 4.2% to $6.47 during the U.S. trading session on Monday, marking a bullish start to the week for major altcoins. This upward trend is seen as a recovery from the July corrections, bringing market stability.
Despite the overall market being impacted by Bitcoin's inability to break the $60,000 barrier, Toncoin shows promising growth. The TON network's expansion is driven by the increase in addresses holding Toncoin, hitting 40 million.
This growth signals strong market faith in Toncoin, setting sights on a price rally towards $8. The positive market sentiment around Toncoin contrasts with the broader market's struggles, particularly Bitcoin's.
