TON breaks records
On June 5th, the criptomoneda toncoin (TON) reached its historic maximum price of 7,78 dólares, marking a "zone of exploration." This refers to prices that have not been reached or not been frequented for an extended period. The growth of TON has been constant for several weeks, with a potential for its cotización to continue rising and reaching higher levels.
The value of TON was only 2.2 dólares at the beginning of the year, but it reached its historical maximum of 7,6 dólares on April 11th. With this increase, TON's market capitalization also increased, reaching 18,000 million dólares. This allowed it to surpass other cryptocurrencies like Cardano (ADA) and Shiba Inu (SHIB), which are currently in the third and fourth positions of the ranking.
The total bloquead value of the Open Network (TON), where TON is housed, rose from 328 million dólares to 403 million dólares in June, representing a 22% increase. The consolidation of TON has been achieved despite some small losses.
New developments, alliances, and functionalities within the TON network have also benefited the cryptocurrencies. Tether (USDT), the largest market capitalization stablecoin, expanded into the TON network, allowing users to earn up to 30% annual returns by using the Wallet app. The TON network is known for its intelligent contract execution and works with the Proof of Stake (PoS) algorithm.
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