The TON Blockchain: A Rising Star
The TON blockchain has been steadily gaining momentum, especially with the surge in tap-to-earn games like Notcoin and Hamster Kombat. These crypto games have significantly increased the popularity of Telegram, subsequently boosting the TON price. But what is driving this trend? Let’s delve deeper into the factors contributing to the TON blockchain’s success.
Telegram Open Network Integration
Notably, these games are built on the Telegram Open Network (TON), leading to a surge in blockchain usage. Data from Artemis reveals that TON’s daily transaction volume outperforms that of Ethereum, with 4.9 million transactions recorded on July 17 compared to Ethereum’s 1.2 million. Moreover, TON’s daily active address count surpasses Ethereum’s, even when compared to Ethereum’s Layer 2 solutions like Arbitrum, Base, and Optimism.
TON’s Price Momentum
The increasing popularity of TON-based games correlates with the surge in its token price, outpacing Bitcoin’s price movement. While Bitcoin experienced a significant drop of 27% after hitting a new all-time high on March 14, TON saw a 102% increase from March 14 to April 11. Currently trading near its all-time high at $7.28, TON has been on a steady upward trajectory, with a 310% increase since February 24, compared to Bitcoin’s 22% rise.
Despite the price differential, TON’s consistent growth contrasts with Bitcoin’s fluctuating trend. Maintaining its current pace, TON could potentially reach $35-$40 by the end of the year. Introducing new features and gaining more popularity among apps like Hamster Kombat and NotCoin could further propel its price to $50.
Telegram’s Evolution as an All-In-One App
Telegram has witnessed a surge in daily transactions, surpassing Bitcoin, and competing closely in daily active addresses. The platform’s expansion signifies its transition into an all-encompassing app, offering messaging, calling, video streaming, groups, supergroups, and recently introducing mini apps to its users.
This evolution positions Telegram as an “everything app,” with nearly 1 billion users driving its growth. The integration of crypto-based games further engages users with its blockchain, contributing to the token’s upward trajectory.
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The Future of TON: Bright Prospects Ahead
As the TON blockchain continues its upward trajectory, driven by the increasing popularity of crypto games and its integration with Telegram, the future looks promising for TON and its token price. With a strong user base and innovative features, TON is poised for further growth and success in the crypto market. Stay tuned for more updates on TON’s developments and price movements.
Hot Take: Seize the Opportunity
The TON blockchain’s remarkable rise and the bullish momentum of its token price present an exciting opportunity for investors and crypto enthusiasts. With its growing popularity and strategic integrations, TON is setting a new trend in the crypto space. Don’t miss out on the potential gains and advancements in the TON ecosystem. Stay informed and capitalize on the evolving landscape of the TON blockchain.
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