One of the surprises of the cryptocurrency market this year, Toncoin’s dominant 2024, could have TON eyeing a new all-time high of $10 this year. Indeed, the asset’s meteoric rise has seen it compete with some of the most prominent cryptos on the market. That could be paving the way for record-breaking figures through the next several months.
Despite the crypto market’s downturn Tuesday, TON has still increased more than 1% in the last 24 hours. Although it is currently fending off increased selling pressure, it may be poised to take advantage of a burgeoning October. With all eyes on Bitcoin, Toncoin is proving to be one of the biggest gainers of the calendar year.
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Toncoin Looks to Continue 2024 Winning Streak With $10 High
Throughout the year, Toncoin has continued to surpass expectations. The asset’s Telegram integration has been massive for its ascension this year. Moreover, it has proven to be one of the most promising tokens throughout the entire sector.
The asset has increased a remarkable 175% this year. Moreover, that outpaces an impressive 72% of all cryptos within the top 100. Additionally, that includes the likes of industry-leading Bitcoin and Ethereum. Heading into October, that winning streak has not slowed down.
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Over the last 30 days, Toncoin has increased more than 5.6%, according to CoinMarketCap. Although it is down 3% in the last week, it is still trading near the $5.5 mark. With the token reaching a landmark price of $8.27 on June 15th of this year, it could be set to surpass that mark in the coming months.
Indeed, Toncoin could continue its 2024 dominance with TON reaching a new $10 all-time high. Specifically, it could be set to benefit greatly from increased use activity and token launches, and its ecosystem could continue growing. In turn, Toncoin could trow alongside it.
Data shows that The Oppen Network (TON) has attracted 50% of all Layer 1 transactions in the last 30 days. That is huge for the asset’s potential. If that figure can continue, there may be nothing standing between TON and a new landmark price this year.