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By December 2024, the number of TON owners will exceed ETH holders

By December 2024, the number of TON owners will exceed ETH holders

HappyCoinNewsHappyCoinNews2024/10/29 15:33
By:HappyCoinNews

Собственный token The Open Network's TON blockchain protocol is gradually gaining importance in the cryptocurrency industry. Recently, analyst Cryptoquant compared it to the altcoin leader Ethereum (ETH), noting that the number of TON holders could surpass the number of ETH holders by the end of the year.

The analyst noted that эфириум has 137 million holders, while TON is currently owned by 112 million users. He also emphasized the growth rate of TON holders, as it is this rapid dynamics that can push the price towards the predicted target. According to him, TON attracted an average of 500 users per day last month.

Despite the impressive growth rate, Cryptoquant highlighted two factors that could impact this forecast. Specifically, the growth rate of TON users could slow down due to the decline in value. This could delay the moment when the number of TON users surpasses the same indicator. Ethereum , as of February 2025.

The analyst also took into account the growing number of ETH holders. However, despite this, he is sure that this phenomenon is temporary. In his opinion, the superiority of TON over ETH is inevitable.

TON Price Growth in 2024 Reflects Impressive Adoption Rates. From January to June of this year token rose by almost 350%, reaching an all-time high of $8,28. Altcoin has recovered significantly over the past four months, trading at $4,95 (TradingView data).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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