While the broader cryptocurrency market inches higher, a more compelling narrative is emerging from the fundamental data of two major altcoins: Avalanche (AVAX) and Toncoin (TON). Both networks have witnessed a dramatic surge in user activity over the past month, with active addresses more than doubling—a key on-chain metric that often precedes significant price momentum. This flurry of activity suggests a robust and growing ecosystem for both projects, potentially setting the stage for a bullish breakout.
Why Network Activity is the Real Signal
In the often-volatile crypto market, daily price fluctuations can be misleading. A more reliable indicator of a project’s long-term health and potential is its network activity. A sustained increase in active addresses—wallets sending or receiving tokens within a given period—signals genuine user adoption and engagement.
This growth is critical because it fuels demand for the native token. More users transacting, using decentralized applications (dApps), and participating in staking or governance directly increases the utility and value proposition of assets like AVAX and TON. According to data from IntoTheBlock, this is precisely the trend materializing for both cryptocurrencies.
Avalanche (AVAX): Momentum Builds
Avalanche is currently showing signs of a strong recovery, with its price trading around $17,59. This move is underpinned by a remarkable increase in network engagement. Over the last 30 days, the number of active addresses on the Avalanche network grew by 51%, climbing from approximately 192.000 to nearly 392.000.
This on-chain strength is mirrored by bullish technical signals.
• The Moving Average Convergence Divergence (MACD) indicator, a tool used by traders to identify momentum, has flashed a buy signal.
• For the rally to continue, AVAX must overcome several key resistance levels. Traders are closely watching the 50-day EMA at $19,61, followed by the 100-day EMA at $21,07 and the 200-day EMA at $23,74. A successful break above these points could ignite further risk-on sentiment.
Toncoin (TON): A User Surge Ignites Interest
Toncoin is experiencing an even more pronounced surge in user adoption. The network’s active addresses have skyrocketed from 365.000 to roughly 750.000 in the past month. In parallel, the number of newly created addresses has jumped from 133.000 to over 241.000, signaling a massive influx of new participants into its ecosystem.
Currently trading at $2,82, TON’s price path appears to be tilting upward.
• The Relative Strength Index (RSI), another key momentum indicator, has bounced from its lows, suggesting that selling pressure is waning. However, for a confirmed bullish reversal, traders will want to see the RSI push above the 50 midline.
• Like Avalanche, Toncoin faces resistance ahead at its key moving averages: the 50-day EMA ($3,02), 100-day EMA ($3,22), and 200-day EMA ($3,69).
• On the downside, support levels at $2,60 and $2,43 are critical areas to watch.
The explosive growth in active users on both Avalanche and Toncoin provides a solid foundation for a potential bullish run. While technical hurdles remain, this fundamental strength in network adoption is a powerful signal that should not be overlooked by investors.
