π Toncoin Outperformed Bitcoin in 2024
Toncoin [ $TON ] soared by 144.52% in 2024, trading at $5.38 at press time. While most altcoins struggled to match Bitcoinβs performance, TON surpassed BTC, highlighting its unique adoption and growth across the ecosystem.
π‘ Ecosystem Growth Driving Success
TONβs growth stemmed from a surge in Total Value Locked (TVL), fueled by increased staking, liquidity, and capital inflows. The Toncoin network recorded over 5 million users and 24 million transactions in 2024, showcasing its growing utility and user confidence.
π Price Challenges Amid Growth
Despite ecosystem success, TON faced price struggles, dropping 5.09% weekly and 16.55% monthly. However, the downtrend is losing steam as investor behavior shifts, with more outflows (-882.49k) than inflows, signaling accumulation.
π Whales Are Accumulating
Supply held by whales spiked to 781k, reflecting growing confidence in TON. Bullish indicators like the Stoch and RVGI show a potential price reversal, suggesting TON may recover to $5.83 if sentiment remains positive.
π Looking Ahead to 2025
With momentum turning bullish and the ecosystem growing, Toncoin could solidify its position as a leading blockchain in 2025. However, maintaining this trend will be key to its future success.