In June, the prices of many altcoins tracked the bitcoin price. However, Toncoin not only did not post any losses, but also became the fastest growing coin this month on the list of the top 25 largest projects by capitalization. Why is Toncoin growing while the crypto market is in decline?
The growth of Toncoin (TON) amid an overall decline in the crypto market is due to several key factors. First of all, the significant development of the TON ecosystem should be noted. Over the past month, the network’s total value locked (TVL) has soared 130%, reaching $600 mln. In addition, we have seen the development of the USDT market on the Toncoin network and the growing popularity of the blockchain with new applications such as Notcoin and Hamster Kombat.
Positive sentiment in the crypto community plays an important role. Most mentions of the coin on social networks are associated with optimism, which points to rising trust in the network and an upturn in user activity. This is supported by active project development and ambitious future plans. TON's roadmap includes significant updates planned, such as integrating stablecoins, launching bridges to interact with other blockchains, and improving network security.
The positive mood of the crypto community plays an important role. Most mentions of the coin on social networks are associated with optimism, which indicates growing trust in the network and an increase in user activity. This is supported by active project development and ambitious plans for the future. TON's roadmap has significant updates planned, including integrating stablecoins, launching bridges to interact with other blockchains and improving network security.
A key factor is the interest of large investors. Over the past 30 days, the whales have increased their coin reserves by 15%. In addition, there is interest from venture funds and investment divisions of exchanges such as Pantera Capital, Bitget and Foresight Ventures. This further bolsters Toncoin's market position.
TON's technical strength also contributes to its growth. Notably, the coin was quickly snapped up by buyers during the latest pullback, indicating strong investor support. This confluence of factors shows why Toncoin is not only not losing value, but also reaping gains during a period of overall decline in the crypto market.