bitcoin
Bitcoin (BTC) $ 97,845.22
ethereum
Ethereum (ETH) $ 3,344.67
tether
Tether (USDT) $ 0.999773
bnb
BNB (BNB) $ 620.52
xrp
XRP (XRP) $ 1.18
cardano
Cardano (ADA) $ 0.795384
usd-coin
USDC (USDC) $ 0.998429
matic-network
Polygon (MATIC) $ 0.446811
binance-usd
BUSD (BUSD) $ 0.977581
dogecoin
Dogecoin (DOGE) $ 0.383564
okb
OKB (OKB) $ 45.48
polkadot
Polkadot (DOT) $ 5.86
shiba-inu
Shiba Inu (SHIB) $ 0.000025
tron
TRON (TRX) $ 0.198271
uniswap
Uniswap (UNI) $ 9.09
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,398.10
dai
Dai (DAI) $ 0.998798
litecoin
Litecoin (LTC) $ 88.26
staked-ether
Lido Staked Ether (STETH) $ 3,346.33
solana
Solana (SOL) $ 253.78
avalanche-2
Avalanche (AVAX) $ 35.70
chainlink
Chainlink (LINK) $ 14.72
cosmos
Cosmos Hub (ATOM) $ 6.32
the-open-network
Toncoin (TON) $ 5.47
ethereum-classic
Ethereum Classic (ETC) $ 27.14
leo-token
LEO Token (LEO) $ 8.83
filecoin
Filecoin (FIL) $ 4.48
bitcoin-cash
Bitcoin Cash (BCH) $ 478.92
monero
Monero (XMR) $ 160.78
Thursday, November 21, 2024
More
    bitcoin
    Bitcoin (BTC) $ 97,845.22
    ethereum
    Ethereum (ETH) $ 3,344.67
    tether
    Tether (USDT) $ 0.999773
    bnb
    BNB (BNB) $ 620.52
    usd-coin
    USDC (USDC) $ 0.998429
    xrp
    XRP (XRP) $ 1.18
    binance-usd
    BUSD (BUSD) $ 0.977581
    dogecoin
    Dogecoin (DOGE) $ 0.383564
    cardano
    Cardano (ADA) $ 0.795384
    solana
    Solana (SOL) $ 253.78
    matic-network
    Polygon (MATIC) $ 0.446811
    polkadot
    Polkadot (DOT) $ 5.86
    tron
    TRON (TRX) $ 0.198271
    HomeGameThe Open Community (TON) explodes in development and reaches 100 million holders

    The Open Community (TON) explodes in development and reaches 100 million holders

    • The Open Community (TON) has reached 100 million holders, a major improve from 4.3 million firstly of the yr.
    • Toncoin's market capitalization is roughly $13.2 billion, with current buying and selling quantity reaching over $221 million in 24 hours.
    • Regardless of the optimism, 75% of Toncoin holders are misplaced, highlighting market volatility and a focus of wealth amongst massive holders.

    The Open Community (TON) now has greater than 100 million holders! It is a huge improve from 4.3 million firstly of the yr. This development highlights TON's speedy growth, pushed by varied components, together with the launch of in style Telegram gaming tokens, like HMSTR.

    It is a large deal as a result of it reveals how TON is bringing tens of millions of Telegram customers into the world of cryptocurrency. It’s a bridge between conventional social media and the crypto house.

    Current Progress and Consumer Onboarding

    TON has seen huge development in current months. The community's holder rely has elevated as a result of rising reputation of its gaming tokens, like Hamster Kombat. This development is vital as a result of it brings tens of millions of Telegram customers to cryptocurrency. Primarily, TON connects conventional social media platforms and the crypto house.

    See also  The top of Airdrops? Tom Schmidt weighs in on the SUI controversy

    The rising variety of holders reveals rising curiosity in TON and its choices. This pattern not solely reveals the community's potential but in addition its skill to draw a various person base. Thus, the rising variety of holders is a constructive signal for the general market sentiment round TON.

    Toncoin Market Exercise

    Toncoin is priced at $5.20, with a buying and selling quantity of $221,212,690 within the final 24 hours. This value represents a decline of 1.27% over the previous day. Moreover, Toncoin's market cap stands at roughly $13.2 billion, with a circulating provide of two,536,062,236 TON cash.

    The Toncoin derivatives market is experiencing elevated exercise. Quantity elevated by 1.06%, to $189.30 million. Moreover, open curiosity elevated by 1.41% to $235.19 million. Nonetheless, lengthy/quick ratios are blended, with a slight bearish bias total. Merchants on platforms like Binance and OKX are extra bullish, with lengthy/quick ratios above 3.0.

    Supply: Coinglass

    Liquidations and market volatility

    Regardless of some merchants' optimistic outlook, current selloffs paint a extra cautious image. Over the previous 12 hours, lengthy positions have confronted vital liquidations, totaling $106,800. This means a risky market the place overleveraged positions might face sudden reversals. Merchants are subsequently suggested to stay vigilant and cautious of their buying and selling methods.

    See also  SUI suffers setback: Bears take management as costs fall to 7-day low

    At present, 75% of Toncoin holders are misplaced, which is a problem for the market. Moreover, 91% of the provision is held by massive landlords, which means wealth is extremely concentrated. This raises issues about market stability and attainable value manipulation.

    Supply: Within the block

    The correlation between Toncoin and Bitcoin stands at 0.46, suggesting a average relationship. Moreover, 43% of Toncoin holders have owned the asset for lower than a month, which might result in value volatility. Over the previous week, vital transactions totaling $37.61 billion had been recorded. Moreover, Telegram's membership elevated by 1.22%, displaying elevated engagement with the platform.

    Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version is just not liable for any losses arising from using the content material, services or products talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

    RELATED ARTICLES

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Most Popular