@Ton Network on Binance Emerging Token with Stable Market Action.
The Open Network (TON) is positioned at No. 22 with a market cap of $5.55 billion, approximately 1.56 trillion PKR. The fully diluted market cap is $11.33 billion, which hints at potential supply growth as the maximum supply is unlimited.
At present, there are approximately 2.52 billion TON tokens circulating against a total supply of 5.14 billion. This indicates that a large amount is still to be distributed, which can potentially have an effect on future market forces.
Volume traded on Binance over the last 24 hours was $147.15 million or approximately 41.58 billion PKR. $TON has a volume-to-market-cap ratio of 2.65 percent and reflects consistent liquidity and trading volume.
Platform concentration is at 1.28, indicating a relatively evenly distributed ownership of the tokens, which is good for decentralization.
TON's all-time high was $8.24 (about 2,327 PKR) on June 15, 2024. Its all-time low was $0.39 or about 110 PKR on September 20, 2021, indicating considerable progress since the initial phases.
Since TON keeps growing, it has steady volume and market presence on Binance and thus is an important asset within today's crypto world.
