According to U.Today, Toncoin, the native coin of The Open Network (TON) and the Telegram ecosystem, has shown remarkable performance compared to several other cryptocurrencies. The coin has outperformed Bitcoin (BTC), Ripple-associated XRP, and Dogecoin (DOGE) in the recent market recovery phase.
A few days ago, the crypto market experienced a significant downturn, with Bitcoin's price dipping below $50,000. Although Bitcoin has since recovered a substantial portion of its market value, it has not matched the performance of Toncoin. Data from CoinMarketCap indicates that BTC is currently trading at $60,789.63, reflecting a 0.32% increase over the last 24 hours. In contrast, Toncoin has seen a price gain of 3.77% within the same period, trading at $6.72. Over the past seven days, TON has recorded an impressive 9.42% increase, despite losing a significant amount of its value earlier in the week. Bitcoin, on the other hand, has yet to fully recover, showing a 1.5% deficit over the same period.
The market downturn has been more severe for XRP and DOGE. XRP is currently trading at $0.589, having gained only 0.04% in the last 24 hours. Its market cap and trading volume have also faced a mild downturn, with decreases of 0.11% and 46.45%, respectively. Similarly, DOGE has experienced a 0.36% decline in the last 24 hours, trading at $0.1042. Its market cap and trading volumes have also dipped. This decline coincides with Shiba Inu lead developer Shytoshi Kusama's comparison of SHIB's superiority to DOGE, which has put DOGE at a disadvantage.
