Hamster Kombat will help Toncoin surpass XRP in the cryptocurrency rankings

The Open Network proprietary blockchain token #Toncoin (#TON) has seen significant growth this year, fueled by the success of mega-popular Telegram-based games Hamster Kombat and #Notcoin.

These developments have prompted speculation that TON will eventually challenge the XRP token launched by US fintech company Ripple.

According to CoinGecko, XRP has a market capitalization of $25.6 billion, while TON has a market capitalization of $18.4 billion. Altcoins rank eighth and ninth in the market, with the relatively young Toncoin priced just 30% below XRP. Because of this, some analysts predict that TON could overtake XRP in the near future.

According to Coinedition calculation, the price of the XRP cryptocurrency will reach $0.76 by the end of 2024 and $2.50 by 2030. Meanwhile, the forecast for Toncoin is more positive - $20 by the end of 2024 and $55 by 2030.

The current price of XRP equals $0.47, while TON has this figure at $7.23. Based on this prediction, by the end of 2024, the value of XRP will increase by 68% and the value of TON will increase by over 170%. As such, it is highly likely that TON could outperform XRP as early as the foreseeable future.

Since July 2024, TON has risen 448.28%, while XRP has fallen 3.94%. The tremendous growth potential demonstrated by Toncoin could even put the digital asset on the list of the top five digital assets by market capitalization.

Additionally, according to DefiLlama, the total blockchain value (TVL) of The Open Network has risen to $718 million, a significant $21.65 million as of March 2024. Over the past three months, TVL has increased by over 4000%, leaving other decentralized funding protocols behind.

Open Network success has a lot to do with the demand for Hamster Kombat and Notcoin. Given that Hamster Kombat already has a user base of 250 million people and the game-clicker team is already planning a second #Megadrop , the prospects for the TON blockchain look pretty strong.