The post Which Crypto Is Set to Explode in the Next Bull Run? Crypto Experts Debate appeared on BitcoinEthereumNews.com.

As investors gear up for the upcoming bull run, many are scrambling to buy the next crypto to explode. Some have pinpointed Toncoin and Polygon, but will they match the profit potential of Raboo? Dive in to find out. Toncoin’s network activity soars Toncoin has gained serious momentum over the past few months, with some projecting it as a potential breakout in the next bull run. As the native token of The Open Network, TON is closely affiliated with Telegram, created by Telegram’s founders and heavily integrated within the app. While Toncoin takes a novel approach to Layer-1 network development, it’s the exposure to Telegram’s near-1 billion user base that has investors bullish. The network is processing more than 12 million transactions per day in September, more than a tenth of Ethereum. While that might seem insignificant, it’s notable given that Toncoin typically processed less than one million per day in February. Over the same timeframe, daily active TON wallets have shot up from around 50,000 to more than one million. With TON now placing in the top 10 cryptos with a market cap of $14.2 billion, it’s not too far off its June all-time high of $8.24, worth $5.57 today. If network activity continues to grow, Toncoin could be the next crypto to explode. MATIC bleeds out below 2022 lows Polygon (MATIC) stands in stark contrast to Toncoin. MATIC is a Layer-2 solution for Ethereum designed to boost transaction speeds and lower costs. However, in the face of Ethereum developing its own scalability solutions and competition from similar Layer-2s like Base and Arbitrum, MATIC’s POL token (recently migrated from MATIC) has faced steep declines. POL itself is the 57th most valuable crypto with a market cap of $1.1 billion. But, after a high of $1.27 back in March—considerably below…

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Filed under: News - @ September 16, 2024 8:21 am