Ethereum

bullish

Stats

Toncoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Toncoin (TON) is projected to surpass Ethereum (ETH) in terms of holder count.</li>
 <li>Toncoin whales and institutional holders have been reducing their holdings.</li>
</ul>
<h2 id="toncoin-and-ethereum-holder-analysis">Toncoin and Ethereum Holder Analysis</h2>
<p>A recent CryptoQuant analysis suggests that <a href="https://coineagle.com/price/toncoin/" rel="noopener noreferrer nofollow">Toncoin</a> is likely to surpass <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> in terms of holder count. This prediction is based on the average growth rate that Toncoin has maintained in recent months.</p>
<p>According to the analysis, Toncoin has been gaining an average of 500,000 new followers daily for the last four weeks. If this growth rate is maintained, Toncoin is projected to overtake Ethereum by the end of December.</p>
<p>However, the analysis also acknowledges the possibility of an increase in Ethereum holders and a slowdown in the growth of Toncoin holders.</p>
<h2 id="ownership-stats-and-price-action">Ownership Stats and Price Action</h2>
<p>As of October 26th, Toncoin had 113.71 million addresses, a significant increase from 3.63 million total addresses 12 months ago. This represents a growth of 3,032%. In contrast, Ethereum had 309.32 million addresses as of October 26th, a 14.42% year-over-year growth.</p>
<p>Historical concentration data indicates a decline in demand for Toncoin over the past 30 days. Whale balances dropped from 32.63% on September 26th to 33.19% at press time, while investor balances fell from 26.73% to 25.51% over the last four weeks. In contrast, the Toncoin supply held by the retail class grew from 40.65% to 41.31% during the same period.</p>
<p>In terms of price action, while most top coins have been building on September’s bullish momentum, Toncoin’s price action slid lower for a retest of September lows. However, this dip attracted a demand resurgence, pushing the price up to $4.95 at the time of writing. This also suggests that the cryptocurrency is undervalued and could attract buyers looking for discounted prices.</p>

Toncoin Skyrockets, Outpacing Ethereum by 210x: Will TON Dethrone ETH Soon?

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CoinEagle.com

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