The Toncoin (TON) blockchain has been rising to prominence in recent months amid the impressive growth of its network, which recently reached a notable milestone by surpassing Ethereum (ETH) in daily active addresses. The cryptocurrency showed an important recovery, rising 7% in the last 24 hours, trading at a high of US$8.08 today.
Toncoin (TON) is a cryptocurrency that has gained prominence in the crypto market. Toncoin was initially created by the Telegram messaging app team, and the Toncoin network was designed to be high-performance, capable of handling high volumes of applications and transactions.
Market analysis platform Delphi Analytics has revealed data on the networks, highlighting that TON addresses have been consistently higher than Ethereum addresses across multiples this month. According to the analysis, Telegram’s more than 900 million users silently drove TON’s daily active addresses to overtake Ethereum.
“Flippening CT ignores TON’s quiet growth, fueled by Telegram’s 900 million user base, which has propelled its daily active addresses above Ethereum. In essence, TON is a bet on Telegram distribution. Although the ecosystem is nascent, its initial growth is promising. But is this enough?” he wrote.
The Flippening CT ignores 🔍
TON’s quiet growth, fueled by Telegram’s 900M user base, has driven its daily active addresses above Ethereum.
At its core, TON is a bet on Telegram’s distribution. Though the ecosystem is nascent, its early growth is promising. But is it enough? pic.twitter.com/k2b2SMiQJD
— Delphi Digital (@Delphi_Digital) June 10, 2024
It is worth remembering that, recently, the number of large Toncoin (TON) transactions increased by an impressive 237.5% in just one day while an ecosystem currency, Notcoin (NOT), was under the spotlight after a 400% increase in seven days.
Toncoin Set to Rally Over 40%, Analyst Predicts
Bullish Toncoin Rally Soon? A renowned cryptocurrency analyst has revealed a prediction of a potential bullish rally for the cryptocurrency Toncoin (TON) on the horizon. Expert Ali Martinez analyzed TON’s price movement suggesting a breakout of over 40% for the asset soon.
According to the analyst, Toncoin cryptocurrency is preparing for a potential upside breakout of an impressive 40%, targeting the $11 price zone. At the time of publication, Toncoin price was priced at $7.57 with an increase of 4.4% in the last 24 hours.
“However, the TD Sequential indicator suggests that $TON may briefly drop to $7.2 to gather liquidity before the recovery,” Martinez noted.
At the time of publication, the price of Toncoin was quoted at US$8.07, up 7.0% in the last 24 hours.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/blockchain-toncoin-desponta-em-crescimento-e-ultrapassa-ethereum-nesta-metrica-ton-sobe-7/
