- Toncoin’s market flipped Chainlink, as it crossed $8 billion.
- The Toncoin blockchain continues to add more utility, impacting the native token in the process.
- TON may hit $2.42 if buying pressure increases in the coming days.
Originally created as a messaging app on the blockchain, Toncoin (TON) has emerged as a strong force in the crypto market lately. This rise was also reinforced by the fact that the Toncoin market has flipped that of Chainlink (LINK).
Toncoin integrates more utility
At press time, Toncoin’s market cap was $8.06 billion. Chainlink, on the other hand, had a market cap of $7.91 billion. However, the last 24 hours have seen TON’s price rise to $2.35. LINK, however, had a better performance, increasing by 5.59% within the same period.
However, the rise in the project’s market value was not only because of the price or circulating supply. Instead, it also had to do with the use cases the blockchain offers. Dubbed “The Open Network”, Toncoin has moved from messaging only to other functions.
Coin Edition looked into the project and found out that Toncoin users can now use the blockchain for gaming and Decentralized Finance…
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