How Did Toncoin Outperform Bitcoin in 2024?

Toncoin's momentum has slowed down in recent times, but the coin is still set to have a successful 2024, even outperforming Bitcoin.

Azcnews How Did Toncoin Outperform Bitcoin In 2024

Although Toncoin (TON) is currently struggling to maintain a steady growth momentum on the charts, the altcoin has recorded significant gains over the past year. For example, on the yearly chart, TON has increased by 144.52%, reaching a current price of $5.19.

Simply put, TON has emerged as one of the best performing cryptocurrencies in the market during this period.

Toncoin Outperforms Bitcoin!

Not only that, according to CryptoQuant’s analysis, Toncoin has even surpassed Bitcoin (BTC) in 2024, becoming one of the few altcoins to beat BTC in terms of performance.

While most altcoins have struggled to surpass Bitcoin’s 2024 returns, TON’s impressive performance highlights the unique dynamics and applicability of this ecosystem.

Toncoin Vs Top 20 Cryptocurrencies
Toncoin Vs Top 20 Cryptocurrencies

TON’s success comes from the remarkable growth in many aspects of the Toncoin ecosystem, especially the significant increase in total value locked (TVL).

Toncoin’s TVL has grown strongly thanks to the increase in investor confidence in the TON ecosystem, along with the explosion in staking and liquidity provision activities. Derivatives have also attracted a large number of investors and capital inflows.

Read more: Bitcoin’s Movement Signals Altcoin Season is Still Distant

Over the past year, these activities have reached an all-time high in terms of transaction volume and users in the Toncoin ecosystem. The network recorded more than 5 million users and 24 million transactions, affirming that 2024 is a year of remarkable growth for Toncoin, and proving the strength and value of this ecosystem.

Notably, if this trend continues in 2025, Toncoin can affirm its position as a leading blockchain for the future.

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