Since the beginning of 2024 TON has outperformed bitcoin by 118% while other popular layer-one chains have struggled to find strength. One of my favorite ways to invest in altcoins is to isolate which projects have a positive trend against both their USD and bitcoin values. Of the major layer 1 blockchains TON and BNB are the only assets that have managed to meaningfully outperform bitcoin this year. In my opinion, TON’s relative strength against bitcoin coupled with the network effect of Telegram make it a crypto worth monitoring this bull run.

My checklist before investing in any crypto project:

- Strong on-chain and technical fundamentals (transactions, active users, applications, tokenomics, etc)

- Token in an uptrend against its USD value

- Token in an uptrend against its BTC value

Written by CQ Ben