The TON Blockchain Is on a Continuous Rise and So Is Its Token Price
- WBOYOriginal
- 2024-07-19 13:31:01603browse
This blockchain started to get its fame with the rise of tap-to-earn games like Notcoin and Hamster Kombat. These two crypto-backed games significantly boosted Telegram’s popularity. This gave a great boost to the TON price. But is there more to this trend? Let’s explore.
The TON blockchain has been experiencing a surge in popularity, particularly due to its integration with Telegram. This has led to a rise in the usage of the TON blockchain, as evident in the data from Artemis. The TON blockchain boasts a higher daily transaction rate compared to even Ethereum and its Layer 2 solutions.
As a result of this popularity, the price of the TON token has also seen a significant increase. In March, Bitcoin reached a new all-time high before experiencing a drop of nearly 27%, translating to a loss of $20,000. In contrast, TON showcased an impressive rise of 102% from March 14 to April 11. Currently, TON is trading close to its all-time high at $7.28.
Despite experiencing healthy corrections, the price of TON has maintained an upward trajectory. From February 24, TON has witnessed a remarkable surge of 310%, while Bitcoin has only risen by 22%. This vast disparity in price movement highlights the exceptional performance of TON.
If TON continues to maintain its current pace, it could easily reach price points of $35-$40 by the end of the year. With the potential introduction of new features and the rise of more applications like Hamster Kombat and NotCoin, the price of TON could even reach as high as $50.
Telegram's continuous evolution and integration of new features, such as mini apps and crypto-based games, are contributing to its transformation into an "everything app." With nearly 1 billion users and a vast reach, Telegram is poised for further growth. The introduction of crypto-based games will not only enhance user engagement but also drive the utilization of the TON blockchain, ultimately leading to an increase in the token's price.
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