Toncoin, a popular cryptocurrency, recently achieved a new record high following significant activity on its network. Over the past week alone, the price of the TON token has surged by 12.4%.
Breaking its previous record, Toncoin reached a milestone price of $8.00, marking the first time this has happened since its inception. The highest price ever paid for Toncoin was $8.25, noted on June 15. Currently, the price stands at $8.08, representing a 0.3% increase in the last 24 hours. Despite this growth, the current price remains 2.16% lower than the all-time high.
The Santiment platform has observed a surge in the popularity of Toncoin in recent days, coinciding with the price surpassing $8 and the upcoming launch of TapSwap on the TON blockchain. Telegram, a prominent messaging platform, has been instrumental in promoting mini-applications like Notcoin and TapSwap within the digital space. NOT, a cryptocurrency on the TON blockchain, caters to users of the “tap to win” game, which operates through Telegram.
Toncoin (TON) has garnered attention in the cryptocurrency market for its high-performance network designed by the team behind the Telegram messaging app. The blockchain supporting Toncoin has seen significant growth, surpassing Ethereum in terms of daily active addresses.
Market analysis by Delphi Analytics indicates that TON addresses have consistently outnumbered Ethereum addresses in recent months. With Telegram’s massive user base exceeding 900 million, the daily active addresses for TON have surged past those of Ethereum.
A well-known cryptocurrency analyst has predicted a bullish rally for Toncoin (TON) in the near future, forecasting a potential price increase of over 40%. However, it is important to note that investing or trading in cryptocurrencies carries inherent financial risks, and the opinions expressed in this article are for informational purposes only.
In related news, Toncoin and Solana are predicted to experience significant rallies, with analysts forecasting gains of over 40% for both cryptocurrencies.