If you’re a crypto investor, you aren’t short on choices. While Bitcoin is a traditional favourite, there are plenty of alternative options out there. But what do new coin launches mean for Bitcoin? Is it about to lose its number-one spot to the likes of Toncoin and WW3 Shiba?
Bitcoin: Is the king of crypto losing its sheen?
Bitcoin has been the natural choice for crypto investors for decades. It’s fair to say that it achieved market leader status by default, simply because it was the first digital currency ever seen. At the time of its launch, it had a cash value of US$0.0009. Fast forward 15 years, and the crypto landscape today is entirely different. The biggest change we have seen is that Bitcoin is no longer the only option for crypto investors. There are alternative coins and digital assets to choose from, and that choice only gets larger with new opportunities launching monthly.
So, who are the challengers gearing up to take Bitcoin off its throne and out of the spotlight? Toncoin (TON) and WW3 SHIBA are quickly emerging as two of the most exciting contenders.
Toncoin (TON): from a rocky start to a standout performer
Created in 2018 by Telegram, Toncoin got off to a very rocky start when it was abandoned by the messaging app within a few months of launch. It roared back to life in 2021 when Newton (now called Toncoin) stepped in to resurrect the project and successfully launch the Toncoin blockchain.
Toncoin (TON) is the native currency that is in use across the Toncoin blockchain. It’s the only way to pay for the majority of transactions made on the platform, including the cost of data storage and other assets such as domain names and games.
FX Empire’s Yashu Gola makes no bones about Toncoin’s potential and its ability to steal Bitcoin’s spotlight. “Toncoin (TON) has emerged as a standout performer in the cryptocurrency market for 2024. By June 21, it boasted year-to-date returns exceeding 200%, outpacing even market heavyweights like Bitcoin (BTC) and Ethereum (ETH).”
He cites TON’s red-hot total-value-locked (TVL) growth as one of five key reasons why TONCOIN is such an attractive proposition for investors looking for a Bitcoin alternative. It skyrocketed from a respectable 5.94 million in January to a mind-blowing 87.47 million TON as we hit the end of the first half of 2024. To put that figure into perspective, it translates to a 1,372% increase.
Other key metrics are also moving in the right direction. For example, figures show that TON net holder numbers have increased tenfold in 12 months. Transfer numbers have also shown positive growth. The moving four-week transfer volume for June is between $5 and $10 billion. Gola says, “Toncoin has already achieved around 10% of Bitcoin’s transfer volume capacity, a significant feat for a cryptocurrency that is only four years old.”
WW3 Shiba: The conquering challenger
Toncoin might have a head start on WW3 Shiba, but this meme coin has already cemented its place as one of the breakout meme coins of 2024. While it’s currently in presale, experts are forecasting a 100-fold price increase for listing. It’s also been a huge hit with disgruntled Litecoin and XRP investors attracted by WW3 Shiba’s promise of a passive rewards system.
WW3 Shiba has a 4,300,000,000 token supply minted on the Ethereum network, with half of that available during the ongoing presale. Crypto journalist Andy Watson says WW3 Shiba is a ‘rising star with explosive potential’. He writes, “As a new ICO crypto, WW3 Shiba has a lot of room for growth… With investors anticipating over 580% gains before the end of the presale, WW3 Shiba looks like one of the best cryptocurrencies to invest in for quick returns.”
He goes on to say, “Investors looking for over 100X gains in the coming months should give special consideration to WW3 Shiba.”
If you would like to find out more information about the presale, visit:Website: https://ww3shiba.com/Twitter: https://x.com/WW3SHIBATelegram: https://t.me/ww3shiba_portal
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