Toncoin is one of the few cryptocurrencies to come so far along the cryptocurrency line as it currently ranks as the 7th largest cryptocurrency by market cap. Most of this impressive growth was realized in 2024 as to indicate some improvements and popularity of the TON Network, as indicated by CryptoQuant. This rise in prominence is being taken seriously by investors everyday.
The Incredible Rally of $TON Among the Top 20 Crypto“Among the top 20 cryptocurrencies, #TON has quickly advanced to rank among the top 3 in cumulative returns over the past year.” – By @joao_wedson Full post https://t.co/jgu9bJTl1S
— CryptoQuant.com (@cryptoquant_com) May 21, 2024
Toncoin Joins Solana and Near in Top 3 Crypto Investments
While the cumulative returns over the past year vary depending on the cryptocurrency you are looking at, Toncoin has made the list of the top 3 among the top 20 cryptocurrencies. It is one of the best initial investments for 2024 next to Solana and Near. This represents a rapid rise in confidence and trust in the TON ecosystem with its strong technological set-up and increasing integration.
The TON Network is known for its high speed and scalability and is currently generating massive interest among developers and users. Some of these include its ability to ensure millions of transactions per second and its user-friendly interface which makes it stand out from other platforms in the market. As a result, TON has grown further as a prominent player in the market with over 20 dApps and numerous partnerships.
Toncoin Records 640% Increase from August to April
For consistence, BTC has recorded a cumulative return of 150% in the preceding 12 months which is a good performance. But Toncoin has delivered a remarkable 244% ROI on such assets during the same period. Interestingly, over seven and half month period from August 2023 to April 2024, Toncoin appreciated by more than 640% making it one of the most lucrative of major cryptocurrencies.
Toncoin’s performance on this graph shows how big its trajectory and how much it remunerates its investors on a yearly basis relative to the best 20 cryptocurrencies.
In conclusion Toncoin’s great run is a strong testament to the strength of the Toncoin and the TON Network as its popularity continues to grow. As a more advanced and extremely efficient cryptocurrency, it has become one of the most popular choices among both investors and developers. With Toncoin advancing forward, it is likely to revolutionize the cryptocurrency market industry.
