Toncoin (TON), the native token of The Open Network, has been making waves in the cryptocurrency market despite the recent price correction. With its daily active addresses surpassing those of Ethereum (ETH) for the first time, TON's potential for growth has piqued the interest of crypto analysts and investors alike.

According to Delphi Digital, TON's success can be attributed to its leveraging of Telegram's vast user base, totaling 900 million users. Crypto analyst "Crypto King" has also expressed his optimism for TON, citing its fast and user-friendly blockchain infrastructure, as well as the credibility of its development team. He predicts a potential price spike to $10 in the coming weeks.

Market expert Alex Clay shares a similar viewpoint, noting TON's bullish structure and potential for double-digit gains. Clay also identifies a Daily Cup & Handle pattern, further supporting the positive outlook for TON.

Despite the market downturn, TON's blockchain metrics indicate bullishness over the long term. The fully diluted market cap has seen a 3.6% increase, while the number of token holders has surged by 76.3%. Active users on TON's network have also skyrocketed by 245.1%, with approximately 5.42 million monthly active users.

However, TON's price has experienced a 3% decrease over the past 30 days, currently trading at $6.82. Bullish investors will need to monitor the nearest support level at $6.80 to prevent further decline.

In conclusion, Toncoin's potential for growth is substantial, with predictions of reaching $10 amidst market volatility. As the cryptocurrency market continues to evolve, TON's bullish structure and increasing adoption may propel it towards new heights.