The post Toncoin over Ethereum? Why TON could be your best bet in June appeared on BitcoinEthereumNews.com.

Toncoin has seen more daily active addresses than Ethereum since the beginning of the month. TON’s weighted sentiment was positive for the first time since June started. Toncoin [TON], the blockchain network linked to the popular messaging app Telegram, has seen more demand than the leading Layer 1 blockchain, Ethereum [ETH], since the beginning of June. According to on-chain data provider Artemis, the number of unique addresses that have completed at least one transaction on Toncoin has exceeded that of Ethereum for ten out of the last 12 days.  In fact, on 3rd June, the daily count of unique addresses on Toncoin surged to a year-to-date high of 568,300, surpassing Ethereum’s 351,400 by 62%. Source: Artemis Further, due to this, the daily count of unique interactions on both networks has differed considerably. According to Artemis, Toncoin has recorded more daily transactions than Ethereum every day since 12th March.  On 17th May, Toncoin’s daily transactions count rallied to a year-to-date high of 9 million. On the same day, the number of unique transactions completed on Ethereum totaled 1.1 million. Source: Artemis In a post on X, research firm Delphi Digital referred to this as the “flippening.” According to Delphi Digital, the surge in the daily user activity on Toncoin over Ethereum has been “fueled by Telegram’s 900M user base.” TON puts holders in profit At press time, TON exchanged hands at $7.65. After plunging to a two-month low of $6.76 on 11th June, the token’s price rebounded and has since surged by 11%. TON has seen considerable trading activity in the past 24 hours. Totaling $491 million as of this writing, the altcoin’s trading volume during the period has increased by over 100%, according to CoinMarketCap. The 9% price spike witnessed in the last 24 hours has led many of TON’s…

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Filed under: News - @ June 13, 2024 9:26 pm