TON Coin Price To Skyrocket With its Blockchain's Massive Growth

TON Coin has the undivided attention of the crypto community for a while now. One of the biggest reasons is the launch of tap-to-earn games. Recently, the DOGS project had a massive airdrop, and another one from Hamster Kombat is coming soon. But there’s more to why this coin might soar soon.

A Closer Look at the TON Ecosystem

This altcoin comes from Telegram, the popular encrypted messaging app. It isn’t just a cryptocurrency; it’s part of a whole ecosystem. It serves as the native token for The Open Network blockchain. With Telegram having about 700 million monthly users, this coin is helping bring Web2 users into the Web3 world. Telegram has even added the TON wallet to its mini app. Many well-known tokens like Notcoin and DOGS have launched on this blockchain. The much anticipated token generation event of Hamster Kombat game will also happen on TON.

Current Market Standing

TON Coin has secured a spot in the top 10 cryptocurrencies by market cap. As of now, it’s sitting at 9th place with a market cap of $13.9 billion. The coin is currently trading at $5.49, which is 2.15% lower than the previous day’s price. The trading volume is down by around 76% in the last 24 hours but that is due to the network congestion.

Challenges and Growth of TON Blockchain

The TON Blockchain recently experienced a rare lag due to a surge in on-chain activity, caused by the DOGS airdrop. Around four million users claimed their DOGS tokens, resulting in a peak of over 67,000 transactions per second. This overload caused the blockchain to halt for about six hours.

In response, the official TON Blockchain account on X asked validators to fill out a form to gather crucial data. This step is meant to assess the network’s ability to handle future loads and to improve performance and stability.

Dear TON Validators,
We are releasing an important TON Validator Information Form today. This form is crucial for improving our network’s performance and stability, especially in light of anticipated increased loads.
– The form collects essential data about your validator…
— TON 💎 (@ton_blockchain) August 29, 2024

Looking Ahead: The Future of TON

This is just the start for the TON blockchain and its Coin. As more projects begin building on it, the blockchain is expected to grow significantly. This growth could bring substantial profits to investors. The future looks bright for TON as it continues to expand.

Source: https://coinpedia.org/news/ton-coin-price-to-skyrocket-with-its-blockchains-massive-growth/