As a crypto investor with several years of experience under my belt, I’ve seen my fair share of market ups and downs. And let me tell you, the rise of TON Network in 2024 has been nothing short of impressive. According to recent analyses by CryptoQuant, TON has outperformed Bitcoin by an astounding 118% since the beginning of the year. This is a feat that only a handful of other blockchains have managed, and it’s a clear sign that TON is a cryptocurrency worth keeping an eye on during this bull run.
In the most recent assessment conducted by CryptoQuant, TON has distinguished itself as one of the leading Layer 1 blockchains of the year 2024 in terms of performance.
Showing an impressive 118% superiority to Bitcoin since the year’s start, TON has shined brightly among other prominent Layer 1 chains, as most of them have faltered in their attempts to pick up speed.
During this period, TON and BNB have distinguished themselves among major blockchains by exhibiting remarkable growth that surpasses Bitcoin’s, according to intelligence reports. This impressive performance, coupled with the strong network effect brought about by Telegram, makes TON a noteworthy cryptocurrency worth keeping an eye on during the current bull market.
TON Network Overview
Although TON got off to a rocky beginning, it has made remarkable strides in the last year and is now among the biggest initiatives in the crypto world based on total market value.
As a researcher studying the TON blockchain, I’ve observed that its vibrant and ever-expanding ecosystem is a significant factor contributing to its recent surge in popularity. This dynamic environment has drawn an increasing number of developers and users, leading to heightened engagement and a wave of innovation within the TON community. These developments have fueled the growth and rising prominence of this blockchain platform.
A significant undertaking on the TON network is the cryptocurrency project Notcoin (NOT), which originated as a popular Telegram game designed to familiarize users with Web3 technology on the blockchain. The whitepaper for Notcoin features an unusual layout, comprised of nine pages. The first page is titled “Notcoin Whitepaper November 2023,” while the following eight pages are left empty.
I recently analyzed the launch of Notcoin, which occurred simultaneously on Binance Launchpool and OKX Jumpstart. The total supply of Notcoin was set at 102,719,221,714 tokens, yet only a fraction of that amount is currently in circulation. In an intriguing turn of events, Notcoin declared its intention to donate 1.03 billion NOT tokens, equivalent to approximately $6.8 million, to Telegram founder Pavel Durov and the Telegram platform.
Teaming Up With Tether
As an analyst, I would rephrase it as: In the past few months, The Open Network has formed some significant partnerships that have bolstered TON‘s performance. One of these collaborations is with Tether, a well-known stablecoin issuer, and we, at The Open Network, have teamed up with the Oobit mobile app to enable seamless USDT-to-fiat transactions.
Users of the TON platform will now have the ability to make payments to merchants in traditional currencies using Oobit’s Tap & Pay technology, all while transacting with Tether’s USDT and Tether Gold (XAUt) on the TON network. The incorporation of Oobit’s app streamlines these transactions for a smoother experience.
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2024-05-18 16:54