🚀 The Rise of USDT on Toncoin: Will It Spark a TON Price Bounce?💥

Toncoin ($TON ) is witnessing a surge in interest, particularly due to the increasing adoption of USDT on its blockchain. Recent statistics reveal that USDT transactions on the TON network have exceeded 4.5 million in the past month, with total transaction volumes surpassing $300 million. This uptick indicates that stablecoins like USDT are becoming vital gateways into the cryptocurrency market.

Currently, USDT holds a 5% market dominance, having peaked during the August market downturn when many cryptocurrencies faced significant losses. Presently, its dominance appears to be declining and nearing a key support level. A break below this threshold could potentially trigger a bullish trend for various cryptocurrencies, including Toncoin.

### Toncoin's Price Action and Market Sentiment

Toncoin has been consolidating its price, adhering to a descending trendline since the start of Q4. However, it seems to have established a bottom around a Fair Value Gap (FVG) zone. The growing acceptance of stablecoins, especially USDT, suggests that Toncoin could see a positive long-term trajectory.

After a bullish period in early September, the recent price correction has created anticipation among traders. The increased usage of USDT may lead to more conversions into Toncoin, enhancing its demand.

Current data shows that about 80% of active addresses on the TON blockchain are "at the money," meaning holders are neither in profit nor loss, with 4% in profit and 16% at a loss. This suggests that many Toncoin investors purchased their tokens around the current price of $5, making it a potentially attractive entry point for new investors.

### Caution and Future Outlook

Despite the optimistic long-term outlook fueled by USDT’s growing role, traders should remain cautious. A breach below the current price level could signal further declines before a potential recovery. Overall, the integration of stablecoins like USDT into the Toncoin ecosystem is likely to support a bullish outlook, but short-term fluctuations may impact pricing dynamics.