Current Rating | 9 |
---|---|
Symbol | TON |
Logo | |
Price change, 1h | 1.08% |
Price change, 24h | 3.51% |
Price change, 7d | -15.71% |
TON current price | $5.42 |
TON Market cap | $18 805 594 482 |
Available supply | 3 472 354 922 TON |
Volume, 24h | $194 142 150 |
Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". Since 2020, the technology has been developing thanks to a non-commercial group of supporters and an independent community of enthusiasts who called themselves the TON Foundation. Toncoin, formerly known as Gram, is the native cryptocurrency of the TON network.
The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability. According to the project website, the platform provides its customers with fast, transparent and secure payment services, facilitating transactions with minimal fees and third-party applications.
The developers’ mission is to build a full-fledged ecosystem with decentralized storage, decentralized services, a domain name system (DNS equivalent), an anonymous network, an instant payment platform, and affordable/fast transaction processing.
The Open Network is a community-driven blockchain with a flexible architecture and focus on serving a typical consumer. TON stands out due to the fast processing/validation of transactions per second (TPS). In September 2021, the network processed a then-world record of 55,000 TPS during a contest, although the current TPS could be in the hundreds of thousands or even millions. This feature allows the project to grow rapidly while avoiding performance losses. At the same time, the project does not harm the environment.
* Forex Rating accepts no liability for any errors in the Toncoin Price or TON Information. For the most recent information please visit the Toncoin official site.
# | Cryptocurrency | 7 days | |
1 | Bitcoin | -0.93% | |
---|---|---|---|
2 | Ethereum | 1.5% | |
3 | Tether USDt | -0.08% | |
4 | BNB | 7.46% | |
5 | Solana | -0.08% | |
6 | USDC | 0.01% | |
7 | XRP | 4.7% | |
8 | Dogecoin | -1.78% | |
9 | Toncoin | -15.71% | |
10 | Cardano | -0.33% | |
11 | Shiba Inu | 10.75% | |
12 | Avalanche | 0.55% | |
13 | TRON | 8.81% | |
14 | Wrapped TRON | 8.71% | |
15 | Lido stETH | -3.32% | |
16 | Wrapped Bitcoin | -0.87% | |
17 | Polkadot | 1.8% | |
18 | Bitcoin Cash | 0.55% | |
19 | Chainlink | 5.63% | |
20 | NEAR Protocol | 26.69% |
# | Broker | Cryptos | |
1 | HFM | ||
---|---|---|---|
2 | Octa | ||
3 | FXCC | ||
4 | FxPro | ||
5 | Vantage | ||
6 | MultiBank Group | ||
7 | Errante | ||
8 | Efixxen | ||
9 | Exness | ||
10 | Just2Trade | ||
11 | FXTM | ||
12 | Dukascopy | ||
13 | easyMarkets | ||
14 | eToro | ||
15 | Forex4you |
Buying on dips remains the dominant tactic in the crypto market. Capitalisation rose 1.8% in seven days to $1.65 trillion. Previously, the 'what doesn't rise, falls' formula was often applied to cryptocurrencies, however, recent attempts to sell off after a period of stabilisation have been met with increased buying.
5 Feb 2024
Crypto market capitalization at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility.
29 Jan 2024
Volatility in the cryptocurrency market remains subdued, keeping the capitalisation near $1.56 trillion for the third day. Meanwhile, Bitcoin remains around $40K, and Ethereum looks pegged to $2200...
26 Jan 2024
The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves...
25 Jan 2024
Bitcoin reversed to the upside on Tuesday afternoon. The price drop to $38.5K attracted buyers on the background of another update of all-time highs by leading US indices, which supported risk appetite...
24 Jan 2024
The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday...
23 Jan 2024
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