1 week Ago By Alisa Davidson
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read article for precise information. In Brief CryptoQuant published the analysis, noting that presently, TON shows impressive scalability due to its high throughput capacity.
Analyst Sivean Moodley from on-chain and market data analytics firm published the analysis, noting that presently, (TON) shows impressive scalability due to its high throughput capacity. According to him, information regarding circulating supply and market capitalization suggests that the network is performing effectively. Research indicates that from August 2021 to the present, the network has seen growth, supported by its partnership with the Telegram messaging platform.
The gap between market capitalization and circulating supply may imply that some tokens are either locked or held for the long term, which could affect liquidity. In this context, it’s important to consider TON’s hybrid monetary transmission model. Nevertheless, there seems to be a general correlation between market capitalization and circulating supply, suggesting that a substantial portion of the circulating supply plays a role in market valuation.
Econometric analysis utilizing the average market capitalization-to-price ratio can act as an indicator of speculative behavior. A divergence between market capitalization and price may suggest that the token is being valued inconsistently with its fundamental metrics. In contrast, a closer alignment indicates a more rational market valuation, as noted by the analyst.
At the time of writing, TON is trading at $5.62, reflecting a decline of more than 0.18% in the last 24 hours, according to data from CoinMarketCap.
TON serves as the native utility token for The Open Network, a decentralized Layer 1 blockchain. This cryptocurrency based in the messaging application Telegram, enables developers to create a Web3 ecosystem within the application, as seen in the growing interest surrounding Notcoin, Hamster Kombat, and Catizen. Recently, the platform TON:Acc, a new incubation program designed to support promising startups developing on TON blockchain and integrate these projects into the growing TON ecosystem.
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MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance..
