Kelvin Daminabo
The TON ecosystem hit a significant milestone, locking a total value of $600 million by June 17, 2024, marking a 130% increase in less than a month. This rapid growth is fueled by mini-apps like TapSwap and Simple-Ton, driving the network’s appeal.
While Toncoin’s price experienced a setback, dropping nearly 10% to $7, enthusiasts remain hopeful, viewing the dip as temporary and expecting positive future movements.
Analysts share this positivity, pointing to the increasing value locked and upcoming launches such as TapSwap as potential drivers for Toncoin’s expansion. TapSwap, a Telegram tap-to-earn platform with 26 million followers, has selected Toncoin for its speed and affordability, underscoring the network’s attractiveness to developers and users.
Simple-Ton, a project on the TON blockchain, is gaining momentum with its interactive community engagement and strong security protocols. Modeled after the SpongeBob universe, Simple-Ton Coin utilizes the Jetton Smart Contract for transparency and security, with measures like renouncing ownership and burning the liquidity pool for a safe trading environment.
Simple-Ton’s growth mirrors that of Resistance Dog (REDO), another top memecoin on the TON blockchain, with a market cap of $109.76 million and a 24-hour trading volume of $5.74 million, showing substantial growth recently. Simple-Ton seeks to emulate this trajectory, poised for significant advancement given its current strategy and security features.
With the TON ecosystem’s growth and allure evident, coupled with projects like Simple-Ton and REDO gaining momentum, a promising future lies ahead. As the network continues to develop and mature, there is potential for Toncoin to recover and achieve new milestones.