Toncoin (TON) has experienced significant shifts in market dynamics, influenced by changes in supply and increased user engagement within its ecosystem. Recently, analyst Shiven Moodley reported that TON's total supply rose from 5.01 billion to 5.1 billion tokens.
The circulating supply declined in early 2024 due to staking activities, impacting TON's market liquidity. Moodley highlights the importance of TON's ecosystem, particularly Masterchain and Workchain activities, in driving user engagement. Apps like Hamster Kombat play a pivotal role in boosting trading activity.
Compared to other altcoins, TON has maintained consistent transaction activity, positioning itself as a robust layer-one blockchain, competing closely with Arbitrum. Moodley predicts a shift towards long-term holding, reducing liquidity further.
In terms of market performance, Toncoin profited from the ongoing bull run, with a notable price increase and market cap exceeding $13.8 billion. Despite cooled daily volume, crypto analysts remain optimistic, forecasting potential price targets between $12 to $15.
