Toncoin’s cumulative return over the past 1 year ranks second only to Solana and Near among the top 20 cryptocurrencies

ChainCatcher news, Cryptoquant analyst joaowedson said that Toncoin is now the seventh-largest cryptocurrency by market capitalization and will grow significantly in 2024. The TON network has attracted a large number of developers and users due to its scalability and speed.

Over the past year, Toncoin’s cumulative returns ranked in the top three of the top 20 cryptocurrencies, behind Solana and Near. Toncoin recorded a 244% return, compared to Bitcoin’s 150% over the same period. Specifically, between August 2023 and April 2024, Toncoin’s value surged by more than 640%.