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Analysis

TON Hits New ATH Amid Bitcoin Dumps To $65,000

June 14, 2024 - Around 2 mins mins to read

Key Points:

  • Toncoin hit a record price of $8.13.
  • Notcoin’s price significantly increased alongside TON.
  • TON network’s active users and activities soared.
TON hits new ATH at $8.13, outperforming Bitcoin and Ethereum. Notcoin, another TON token, also saw a price surge. Active wallets on the TON network show an uptrend.

The price of the TON, also called Toncoin, reached a record level of $8.13, and all addresses that have a balance in TON are in profit, as per the data by IntoTheBlock. This record-breaking price came amidst Bitcoin’s steady performance, just above $65,000, and Ethereum’s stable price around $3,380.

TON Hits New ATH Amid Bitcoin Dumps To $65,000

TON Hits New ATH Surpassing $8.00 Mark

The gain in the value of TON by over 7% on Friday means an extraordinary jump for the altcoin compared to the top two cryptocurrencies by market capitalization, viz. Bitcoin and Ethereum. CoinMarketCap has confirmed the figures.

Regarding the ownership distribution of TON, as much as 39.9% of the token supply is with retail holders. Whales, or large-scale holders, own 30.5%, and other investors own 29.5%.

TON Hits New ATH Amid Bitcoin Dumps To $65,000

CoinCu earlier reported that the TON network’s total value was locked, crossing the $500M mark. The figure represents an almost 300% rise in the last 30 days from $22.9M in March ’24.

Readmore: TON Network TVL Exceeds $500M As Toncoin Gains 9%

Notcoin Witnessed Remarkable Price Gain Alongside TON

As part of the same story, Notcoin, another TON blockchain token, showed a large price gain. On Friday, its price jumped over 15% to break above the $0.20 level.

Notcoin was originally airdropped to the users of a popular Telegram-based game and has been shaped into a wildly popular coin, at least with the praise of Telegram’s CEO, Pavel Durov, for this offering.

The rise of Notcoin coincides with the TON breakthrough that finally surpassed the previous ATH and peaked above $8.00 for the first time in the coin’s history.

Additionally, daily active wallets remained robust, with more than 547,000 shown by Tonstat. These numbers show an obvious uptrend, thus signalling increasing users and activities within the TON network.

TON Hits New ATH Amid Bitcoin Dumps To $65,000
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin

Ethereum

Notcoin price

Ton network

TON token

toncoin

Toncoin ATH

Avatar of Thana

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Analysis

TON Hits New ATH Amid Bitcoin Dumps To $65,000

Key Points:

  • Toncoin hit a record price of $8.13.
  • Notcoin’s price significantly increased alongside TON.
  • TON network’s active users and activities soared.
TON hits new ATH at $8.13, outperforming Bitcoin and Ethereum. Notcoin, another TON token, also saw a price surge. Active wallets on the TON network show an uptrend.

The price of the TON, also called Toncoin, reached a record level of $8.13, and all addresses that have a balance in TON are in profit, as per the data by IntoTheBlock. This record-breaking price came amidst Bitcoin’s steady performance, just above $65,000, and Ethereum’s stable price around $3,380.

TON Hits New ATH Amid Bitcoin Dumps To $65,000

TON Hits New ATH Surpassing $8.00 Mark

The gain in the value of TON by over 7% on Friday means an extraordinary jump for the altcoin compared to the top two cryptocurrencies by market capitalization, viz. Bitcoin and Ethereum. CoinMarketCap has confirmed the figures.

Regarding the ownership distribution of TON, as much as 39.9% of the token supply is with retail holders. Whales, or large-scale holders, own 30.5%, and other investors own 29.5%.

TON Hits New ATH Amid Bitcoin Dumps To $65,000

CoinCu earlier reported that the TON network’s total value was locked, crossing the $500M mark. The figure represents an almost 300% rise in the last 30 days from $22.9M in March ’24.

Readmore: TON Network TVL Exceeds $500M As Toncoin Gains 9%

Notcoin Witnessed Remarkable Price Gain Alongside TON

As part of the same story, Notcoin, another TON blockchain token, showed a large price gain. On Friday, its price jumped over 15% to break above the $0.20 level.

Notcoin was originally airdropped to the users of a popular Telegram-based game and has been shaped into a wildly popular coin, at least with the praise of Telegram’s CEO, Pavel Durov, for this offering.

The rise of Notcoin coincides with the TON breakthrough that finally surpassed the previous ATH and peaked above $8.00 for the first time in the coin’s history.

Additionally, daily active wallets remained robust, with more than 547,000 shown by Tonstat. These numbers show an obvious uptrend, thus signalling increasing users and activities within the TON network.

TON Hits New ATH Amid Bitcoin Dumps To $65,000
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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