Bittime - Toncoin (TON) managed to surpass Bitcoin (BTC) 118% growth in 2024. The latest analysis from CryptoQuant shows TON as one of the best growing Layer 1 blockchains in 2024.
TON's Advantages Compared to Other Crypto Assets
Interestingly, the price of TON has shot up 118% compared to Bitcoin since the beginning of the year. This leaves far behind the performance of other popular Layer 1 blockchains which are still having difficulty improving.
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According to analysts, only TON and BNB (Binance Coin) have significantly surpassed Bitcoin in price. In addition, Telegram's strong network support makes TON even more interesting to pay attention to during the current upward trend in crypto prices (bull run).
Also read: TON Foundation: Toncoin (TON) Soars Thanks to Integration with Telegram
Get to know the TON Network
The Telegram Open Network (TON) network has experienced rapid growth over the past year. Despite its unstable start, TON is now one of the largest crypto projects by market capitalization.
TON's soaring popularity is driven by an active and growing ecosystem. More and more developers and users are interested in TON, so innovation and activity on this blockchain is increasing.
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One of the interesting projects on the TON network is Notcoin (NOT). Initially, Notcoin was just a viral game on Telegram that aimed to introduce users to Web3 on the blockchain.
Also read: TONS of Giveaways! 105,600 TON Airdrop for NFT Traders and Collectors!
Uniquely, the Notcoin whitepaper (official document) only contains nine pages, with the first page entitled "Notcoin Whitepaper November 2023" and the next eight pages left blank.
Notcoin launched on Binance Launchpool and OKX Jumpstart, with a total of 102 billion tokens in circulation. Most recently, Notcoin announced a donation of 1.03 billion tokens (worth approximately $6.8 million) to Telegram founder Pavel Durov and Telegram.
TON Rises Thanks to Collaboration with Tether
TON's performance is also supported by several important collaborations. Recently, Tether, a leading stablecoin issuing company, collaborated with The Open Network and the Oobit application to facilitate USDT transactions into fiat currencies (rupiah, dollars, etc.).
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With Oobit's Tap & Pay technology, TON users can pay for goods to merchants using fiat currency when they use USDT. This integration will also simplify transactions with USDT and Tether Gold (XAUt) on the TON network.
How to Buy Toncoin (TON) on Bittime
You can buy and sell Toncoin (TON) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Toncoin (TON) is available on Bittime with the market pair TON/IDR. To be able to buy TON IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Toncoin (TON) on Bittime.
Monitor the price chart movements of Toncoin (TON), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Toncoin (TON) Becomes a Payment Tool on Telegram
The Growth of Toncoin (TON) and Ethena (ENA) Continues
Telegram Distributes Toncoin (TON) to Channel Owners
Tether Shocks Crypto Markets with Latest Move to TON
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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