Generally, the network's skyrocketing growth this year has led to bulls circling in, acquiring assets as on-chain factors flip green.
The price of Toncoin (TON) has been fluctuating significantly this year, largely due to the network's rapid growth and increasing institutional interest. According to on-chain analysts, the current price levels, ranging from $5.14 to $5.41, could indicate a local bottom for the asset.
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