Bitcoin, the digital gold of cryptocurrencies, has soared above the $100k mark once again. This time, it’s not just the markets reacting to Trump’s inauguration, but also to the accumulation of Bitcoin by El Salvador, a country that loves its crypto.
But what does this mean for the fastest-growing blockchain in the world, TON? Let’s dive into a tale of two blockchains, shall we?
El Salvador Pumps $1M into BTC Reserves
Bitcoin, the granddaddy of crypto, had a banner year in 2021, with a whopping 148.03% gain. And why, you ask? Accumulation, dear reader, accumulation by the big players.
Take Microstrategy, for example, who’s been on a Bitcoin buying spree. With an upcoming shareholder vote, they’re looking to issue 10 billion common shares to expand their Bitcoin portfolio. And then there’s El Salvador, who’s been busy buying Bitcoin like it’s going out of style.
The country’s latest purchase of 11 BTC for $1 million brings their total Bitcoin assets to a mind-boggling $572 million. And with major players like these, Bitcoin’s price is bound to go up, up, and away!
And as Bitcoin goes, so goes the rest of the crypto market, including TON, the new kid on the blockchain.
TON’s Explosive Growth: A Comedy of Metrics
In 2021, TON’s performance was nothing to sneeze at, with a 142.32% gain. But that’s just the tip of the iceberg when it comes to TON’s growth.
Take Total Value Locked (TVL), for example. TON’s ecosystem saw an 800% increase in TVL. Active addresses and DeFi activity? They grew 3380% in 2024. And let’s not forget about the rise of popular Telegram apps like Notcoin, Catizen, and Hamster Kombat.
Source: Dune
And with the launch of Elluminex (ELX), TON’s growth is just getting started. This DeFi hub is focused on making TON interoperable with other chains, bringing in new traders and liquidity. And with more liquidity, TON’s price is sure to rise, challenging the big DeFi players like Solana and Ethereum.
For more information about Elluminex (ELX) visit the links below:
Website: https://elluminex.com
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex
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2025-01-20 22:11