Hamster

Parabolic

Bitcoin

Toncoin

Notable

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<p dir="ltr"><a href="https://u.today/toncoin-ton-price-prediction-for-june-18" rel="noopener noreferrer nofollow">Toncoin</a> (TON), the native digital asset of The Open Network, is competing with Bitcoin’s (BTC) dominance, with parabolic movements in a key on-chain metric. Within the past 24 hours, TON’s price increased by 5.3% to trade at $7.24.</p>
<h2 id="toncoin-competing-with-bitcoin">Toncoin competing with Bitcoin</h2>
<p dir="ltr">Renowned data analytics platform&nbsp;<a href="https://x.com/cryptoquant_com/status/1803717463818785188" rel="noopener noreferrer nofollow">CryptoQuant</a> says the transfer volume for TON ranges between $5 billion to $10 billion.&nbsp;</p>
<blockquote>
 <p lang="en" dir="ltr">On-chain metrics of <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> are going parabolic!“The transfer volume ranges between $5.0B ~ $10.0B. For comparison, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>'s average daily transfer volume is around $50.0B. This indicates that <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TON</a> has already achieved between 10% Bitcoin's capacity.” – By <a href="https://twitter.com/JA_Maartun?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JA_Maartun</a> Read… <a href="https://t.co/56VjsAGOwL" rel="noopener noreferrer nofollow">pic.twitter.com/56VjsAGOwL</a></p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1803717463818785188?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 20, 2024</a>
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<p dir="ltr">To put this in perspective, Bitcoin, the world’s leading crypto, boasts an average daily transfer volume of about $50 billion. This translates to TON capturing roughly 10% of Bitcoin's capacity, a remarkable feat for a project that launched only four years ago.</p>
<p dir="ltr">Additionally, TON is witnessing a steady increase in its number of holders. On-chain data shows a 10x increase in token holders over the past year, jumping from 2.9 million to a current count of 32 million. This rise in adoption suggests a growing interest in the TON ecosystem and its potential applications.</p>
<p dir="ltr">Moreover, the TON blockchain has seen increased activity from large investors, popularly known as whales. According to an earlier report by&nbsp;<a href="https://u.today/toncoin-ton-skyrockets-376-in-whale-activity-whats-going-on" rel="noopener noreferrer nofollow">U.Today</a>, whale activity for Toncoin has surged by an impressive 376%. At the time of this writing, the market capitalization of TON has grown to $17.7 billion, eclipsing Cardano’s (ADA) $14 billion.</p>
<h2 id="possible-factors-fueling-ton-s-growing-adoption">Possible factors fueling TON’s growing adoption</h2>
<p dir="ltr">The development of applications and functionalities built on the TON blockchain could be a key factor fueling its growth. TON is currently hosting over 650 decentralized applications (dApps) of various types. Notable success has been seen in its "Tap-to-Earn" apps like&nbsp;<a href="https://u.today/ton-blockchains-not-coin-surges-400-in-last-7-days-whats-happening" rel="noopener noreferrer nofollow">Notcoin</a> (NOT), TapSwap and Hamster Kombat (HAMSTER), which is fueling interest in it on the market.</p>
<p dir="ltr">Also, TON offers unique features like lightning-fast transaction speeds and low fees, which could be attracting users to the platform. As the crypto market continues to evolve, Toncoin’s long-term success lies in its ability to sustain critical support levels.</p>

Toncoin (TON) Playing Catch up With Bitcoin, Transactions Go Parabolic

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