In a bullish crypto market, TON has outperformed Bitcoin by 118% since the start of 2024, while other popular layer-one chains have struggled to gain momentum. TON and BNB are the only major layer 1 blockchains that have significantly outperformed Bitcoin this year, making them worth monitoring.

TON's relative strength against Bitcoin, coupled with the network effect of Telegram, makes it a promising investment. When investing in altcoins, it's crucial to identify projects with a positive trend against both their USD and Bitcoin values.

Before investing in any crypto project, a checklist should include strong on-chain and technical fundamentals such as transactions, active users, applications, tokenomics, etc. Additionally, the token should be in an uptrend against its USD value and its BTC value.