Toncoin (TON) flips Cardano as Telegram founder considers IPO

April 09, 2024 08:05 PM PDT | By Invezz

Toncoin (TON) flips Cardano as Telegram founder considers IPO — Image source: Invezz

Ecosystem growth driving Toncoin

Adoption and network expansion have also propelled TON prices lately. For instance, the Notcoin game’s addition to the TON network heightened user activity.

Notcoin is a Telegram-based P2E game allowing users to mint NOT tokens.

Also, the launch of Ton Fish – the coin representing a first-of-a-kind non-foundation social meme token within the Toncoin network, on Bitget was a significant move.

????[Initial Listing] Bitget Will List TON FISH MEMECOIN (FISH). Come and grab a share of 178,571,428,571 FISH!????

✍️We are thrilled to announce that TON FISH MEMECOIN (FISH) will be listed in the Innovation and Meme Zone. Spot Grid Trading will go live within 24 hours after the… pic.twitter.com/le87VKZey4 — Bitget Philippines ???????? (@BitgetPH) March 25, 2024

Negativity dumps ADA

On the other hand, Cardano has underperformed over the previous month due to negative commentary. The alt has barely recorded notable upsurges in 2024, and the lackluster attracted criticism.

American entrepreneur Arthur Hayes questioned Cardano’s ability to produce top-notch decentralized applications (dApps), whereas Gemini advised crypto buyers to avoid ADA.

For all you $ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, looks like none of them do. That's why $ADA is dog shit. @IOHK_Charles pls educate me.

Yachtzee ???????????????????????????? pic.twitter.com/riQORI6Ipy — Arthur Hayes (@CryptoHayes) February 21, 2024

The latest strategic ecosystem developments, enhanced investor interest, and calculated integrations drove TON prices to its ATHs.

Further, the project’s dedication to expanding the network indicates further adoption and continued growth for Toncoin.

The post Toncoin (TON) flips Cardano as Telegram founder considers IPO appeared first on Invezz

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