tl;dr
The native token of The Open Network, TON, has surged 448% in the past year, while XRP's price has declined by 3.9%. TON is predicted to reach $20 by year-end and $55 by 2030, while XRP is expected to reach $0.76 by year-end and $2.50 by 2030. TON's market capitalization is $18.4 billion, just 28% b...
The native token of The Open Network, TON, has surged 448% in the past year, while XRP's price has declined by 3.9%. TON is predicted to reach $20 by year-end and $55 by 2030, while XRP is expected to reach $0.76 by year-end and $2.50 by 2030. TON's market capitalization is $18.4 billion, just 28% below XRP's $25.6 billion. TON's growth potential suggests it may overtake XRP in the future.
The total value locked for The Open Network has grown to $718 million, with significant success attributed to Hamster Kombat and Notcoin. In contrast, Ripple's XRP continues to underperform due to a lawsuit with the United States Securities and Exchange Commission.
Toncoin (TON), the native token of The Open Network, has experienced remarkable growth this year, driven by the success of viral Telegram-based games like Hamster Kombat and Notcoin (NOT). This surge has propelled TON into a head-to-head rivalry with XRP, the cryptocurrency of the XRP Ledger (XRPL) developed by American fintech firm Ripple, sparking debate over which digital asset will ultimately dominate the market.
As per data from CoinMarketCap, the market capitalization of XRP is $25.6 billion, while TON’s stands at $18.4 billion. The altcoins are ranked seventh and eighth in the market, respectively. Toncoin’s valuation is just 28% below XRP, and some analysts predict that TON could overtake XRP in the near future.
According to Coinedition’s XRP price prediction, the cryptocurrency is projected to hit a price of $0.76 before the end of 2024 and $2.50 by 2030. On the other hand, the Toncoin price prediction suggests that by the end of 2024, TON might hit $20. By 2030, the digital asset is expected to reach $55.
Since July 2024, TON has surged 448.28%, while XRP has dipped 3.94%. The tremendous growth potential shown by Toncoin might propel the digital asset into the list of top five digital assets by market capitalization.
Additionally, as per DefiLlama, the total value locked (TVL) for The Open Network has grown to $718 million, up significantly from $21.65 million in March. In the past three months, the TVL has skyrocketed by more than 4,000%, leaving other decentralized finance protocols in the dust. The Open Network’s growth is largely associated with the success of Hamster Kombat and Notcoin.
On the other hand, Ripple has been engaged in a lawsuit with the United States Securities and Exchange Commission (SEC), and despite a significant partial victory granted by Judge Analisa Torres, the XRP token continues to underperform.
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