As a seasoned crypto investor with years of experience under my belt, I’ve seen my fair share of market ups and downs. But the recent performance of Toncoin (TON) has left me impressed and excited. Despite the broader cryptocurrency segment taking a breather, TON continues to defy expectations, targeting new capitalization records and onboarding dozens of decentralized applications daily.
Although the world’s cryptocurrency market is pausing for breath, the Toncoin (TON) value continues to thrive without showing any signs of fatigue. Following a prolonged surge, it aims for new record highs in terms of capitalization and welcomes approximately thirty new decentralized applications (dApps) every day.
Toncoin (TON) up by 5%: Top performing crypto in elite league
On June 13, 2024, the value of Toncoin (TON) rose by nearly 5%. The price momentarily halted just shy of setting a new all-time high at $7.65. At this point, Toncoin’s market capitalization stood at an impressive $18.55 billion. Notably, Toncoin (TON) has recently surpassed Cardano (ADA) to occupy the position as the 10th largest digital asset in terms of market value.
Among the top 20 assets, TON stands out as the one displaying favorable trends and boasting the strongest performance within the top 100 cryptocurrencies.
The trading volume for daily transactions has surpassed $723 million, making this asset the eleventh most actively traded (excluding stablecoin variants USDT, USDC, eUSD, and FDUSD from consideration).
Previously reported by U.Today, experienced analyst Ali Martinez hinted at a potential 40% surge in the price of TON.
The TD Sequential Indicator indicates a possible decline for TON‘s price, but a top trader asserts that the long-term objective remains above $11.
Toncoin (TON) hits $500 million TVL milestone
Last week, I witnessed some significant achievements within the Toncoin (TON) ecosystem of crypto applications I’m invested in. The Total Value Locked (TVL) metric surpassed a milestone of $500 million, marking substantial growth within this dynamic and expanding cryptocurrency landscape.
Currently, TON supports approximately 650 decentralized applications in total. The buzz surrounding this platform can largely be attributed to the excitement generated by applications that allow users to earn rewards simply by interacting with them, such as Notcoin (NOT) and Hamster Combat (HAMSTER).
According to certain data, TON has exceeded Ethereum (ETH) in terms of the number of daily active addresses conducting transactions on its blockchain. Nevertheless, it’s important to note that this figure does not take into account L2 solutions on the Ethereum Virtual Machine (EVM). In simpler terms, while TON may have a greater number of daily active addresses transacting directly on its blockchain, Ethereum’s L2 scaling solutions are not included in this comparison.
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2024-06-13 19:08