- The number of addresses owning TON increased significantly.
- TON surpasses XRP in terms of social volume, but falls short in the development space.
toncoin [TON] has been a dark horse in the cryptocurrency market for the past few days.
The protocol and token have shown immense growth, despite being less popular than other tokens and protocols.
TON takes the lead
According to recent data, TON has surpassed numerous tokens in terms of adoption. The rate at which TON was accumulating was much higher than most popular coins, even coins like Onda [XRP]
.
TON also surpassed XRP in terms of popularity.
Over the past month, social volume around TON had grown significantly compared to XRP, suggesting that the number of comments about TON on social media platforms had increased.
The weighted sentiment for TON was also much higher, suggesting that the overall positive sentiment around the TON token had grown.
In terms of network growth, TON was seen outperforming XRP. This meant that new directions were showing interest in TON.
On the other hand, the growth of the XRP network had been declining, implying a lack of interest from new users. If this trend continues and XRP fails to attract new addresses, it could have serious impacts on its price.
Furthermore, TON also showed its dominance in terms of speed. At the time of this publication, the speed at which TON was trading had increased materially.
XRP also lost here as its velocity was seen to plummet during this period.
XRP shows growth
However, there was one area where XRP showed growth and outperformed TON: development activity.
Read toncoin [TON] Price prediction 2024-25
AMBCrypto analysis of Santiment data revealed that XRP development activity stood at 0.917 at press time. On the other hand, XRP development activity stood at 0.005.
At the time of this publication, XRP was trading at $0.5427
and its price had grown by 2.46% in the last 24 hours. TON, for its part, had grown 6.04% in the same period and was trading at $6.10.
Next: Ethereum Price Prediction: ETH Crosses $3.1K, Another 50% Gain Next?
This is an automatic translation of our English version.
