$TON saw $10 this time, posting a post as proof!
Telegram token $TON has been advancing all the way, setting a new record high of $7.6 today, surpassing Cardano ($ADA) in market value, becoming the 9th largest crypto token in market value, and another 8% increase will surpass Dogecoin $DOGE, which currently ranks 8th in market value.
The Open Network is a fully decentralized L1 public chain using the Proof of Stake (POS) mechanism. The main uses of TON tokens include paying transaction fees, processing settlement payments, and verifying transactions. There are currently more than 500 applications on the TON ecosystem. The total locked value of the TON ecosystem has reached US$151.98 million, setting a new record. There are also rumors that after experiencing a 22-year bear market, the team has repurchased tokens on a large scale, and locked the team's tokens for 10 years before this launch to prepare for this round of price breakthroughs.
TON is a project with the hard power of the top 10 market value:
1. Telegram has 800 million active users, making it the largest natural cryptocurrency community besides Twitter. With the ability to naturally link various public chain projects, choosing to use Telegram as the project community is a relatively decentralized natural choice.
2. Since the community is on Telegram, developing applications on the TON mainnet is as natural as making mini-programs on the WeChat platform, and resources can be quickly gathered and used.
3. The support of the project party is unprecedentedly high. On April 1, TON launched the largest Web3 community reward event in history, rewarding developers, miners, users, etc. of the TON ecosystem with $115 million.
4. The TON project party is extremely active. As the title sponsor of this Hong Kong Web3 Conference, TON actively participated in roundtable talks, product demonstrations, and even directly signed in for airdrops. It can be seen that its expectations for TON in this round of bull market are very high. Later, the TON team will also participate in the Dubai Token2049 Conference, and it is expected to introduce Central Asian partners to the development of the TON ecosystem.
5. TON is copying Solana's ecological development route step by step, and the price of a single coin is cheaper and more suitable for novices to quickly access. There are also rumors that Tether will issue stablecoins on TON to facilitate faster circulation of on-chain assets.
In short, TON and other sub-mainstream projects are taking advantage of the window period when the ETH SOL problem broke out to quickly erode its market share. In the absence of a huge increase in trading volume, we should actively go long.
