Notcoin (NOT) Rockets Up by 10% as TON Nears Ethereum’s Active Wallet Numbers
Notcoin (NOT) has recently gained significant attention as it has emerged as the leading gainer in the top 100 cryptocurrencies. The token has experienced a 10% increase in value over the past 24 hours, indicating a surge in interest and investment. This impressive performance is closely linked to the blockchain it operates on, The Open Network (TON), which has seen a substantial uptick in activity, now rivalling Ethereum in terms of daily active wallets.
The Open Network has been making substantial strides in recent months, largely due to Notcoin’s substantial and engaged user base of 35 million, with a peak of five million daily active users in March. This has been a key factor in TON’s growth. After reaching parity with Ethereum’s daily wallet activity levels in mid-May, TON briefly surpassed Ethereum’s figures for the first time. This competitive dynamic continued until June 2, when TON maintained the lead for nine consecutive days, as per Artemis Terminal data. Currently, the two networks are in close competition, with TON trailing by just 4,000 active daily addresses.
Market Performance
In terms of market performance, TON has seen a 5% rise in the last 24 hours and a 5.5% increase over the past week, according to data from CoinGecko. This positive momentum can be attributed to the success of Notcoin and the emergence of new, engaging Telegram-based games. Building on this success, TON’s development team is gearing up to introduce new tokens on the network, further enhancing its utility and market appeal.
Introduction of New Games
The launch of recent games like Hamster Kombat, boasting an impressive 100 million user milestone, has further strengthened TON’s position. Hamster Kombat plans to roll out its own token in July, enabling players to convert in-game points into crypto tokens. Similarly, new players like Tapswap, with 50 million players, and Yescoin, with 18 million users, are looking to integrate their operations with TON. Tapswap has transitioned from Solana wallet integration to launching its token on TON. Yescoin, aiming to migrate its user base to The Open Network, already has over six million connected wallets.
As a result of these innovative developments, TON has become the 10th largest cryptocurrency in terms of market capitalization, surpassing Cardano. This significant achievement underscores TON’s growing influence and the increasing trust and interest it is garnering within the crypto community.
Conclusion
In summary, the developments surrounding The Open Network and its ecosystem of blockchain-based games have not only propelled Notcoin (NOT) to new heights but have also demonstrated TON’s potential to rival established networks like Ethereum. With new games and planned token launches on the horizon, TON’s trajectory appears promising, firmly placing it in the spotlight as a blockchain worth monitoring.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
