Memecoins on the TON Network Soar to New Highs
The price of memecoins within The Open Network (TON) ecosystem has experienced a significant surge over the past week. Several of these tokens have seen increases of more than 80%, capturing the attention of investors and crypto enthusiasts, and surpassing the memecoins on the BASE network, which were the market's focus last week.
According to CoinGecko, various memecoins on the TON network have shown notable price increases over the past week. For example, Raccoon (ROON), a memecoin featuring a raccoon, saw an increase of 84%.
Another digital asset, Tonald Trump (TONALD), inspired by former US President Donald Trump, rose by 47.47%. Slightly lower, Povel Durev (DUREV), a meme based on the founder of Telegram, increased by 31.66%.
The recent appreciation of these memecoins is driven by the price of Toncoin (TON), the primary cryptocurrency of the TON ecosystem. On June 14, TON reached its all-time high (ATH), hitting the $8.10 mark. Over the past two months, the total value locked (TVL) on the TON network has grown by 1,900%, surpassing $450 million.
The Toncoin (TON) blockchain offers various utilities, enabling the creation of wallets, exchanges, video games, staking platforms, DeFi protocols, and non-fungible tokens (NFTs), among other solutions. One of its most attractive features is the ability to run applications directly on Telegram, one of the leading mobile messaging apps.
An example is Notcoin, a game that offers NOT tokens for screen taps. The adoption of Notcoin has driven the prices of both TON and NOT, with NOT reaching its ATH on June 2.
TON aims to reshape the image of memecoins, making it easier for communities to create their own tokens. "Launching a meme coin on TON is now more accessible than ever and does not require any coding experience," details the TON blog.
Stay tuned for more updates on the ever-evolving world of crypto!
