In the world of cryptocurrencies, Toncoin is quickly becoming very famous. It was made by the popular chat app Telegram. CryptoQuant, one of the best places to study cryptocurrency, just put out a study that names Toncoin as one of the blockchain networks that is growing the fastest.
Most of the daily deals are done with Bitcoin and other well-known cryptocurrencies. The network is about to become very popular, though, as shown by its fast growth rates. At the moment, Bitcoin handles an amazing $50 billion in transactions every day, while Toncoin only handles $5 billion to $10 billion.
Toncoin’s Unique Telegram Advantage
At first glance, this comparison might not seem fair, but it’s important to remember that Toncoin is only four years old, while Bitcoin has been around for a much longer time. Toncoin is becoming more popular, especially as a way to quickly send large amounts of digital assets. This is shown by the fact that the number of transactions has grown so quickly for such a new network.
Crypto research shows that the number of people who own Toncoin has grown tenfold in the last year, from 2.9 million to over 30 million. This increase in new users shows that people are becoming more confident in the network, which could make the Toncoin community stronger and more active. A stronger user base can bring in more talented developers, encourage new ideas, and boost the network effect, which brings in even more users.
TON has a unique advantage because it works with Telegram, which has over 900 million users and is one of the most famous messaging apps in the world. This combination could change the way people use cryptocurrencies.
Things are still not perfect, even though there is change. The rules for cryptocurrencies are complicated, and TON needs to figure out a way to get around these issues if it wants to become famous. It’s also still not clear how the Toncoin network can grow. Can it handle the extra users that might join now that Telegram is built in?
TON has a lot more users and trades now than it did a short time ago, but its token price has not kept up. It has lost 0.5% in value in the last 24 hours and 10.4% in value in the last week.
