- Cryptocurrency markets saw interesting movements with Notcoin (NOT) emerging as the top gainer out of the top 100 cryptocurrencies, appreciating 10% within 24 hours.
- This surge coincides with intriguing developments on The Open Network (TON), which now parallels Ethereum in daily active wallets.
- Notcoin boasts an impressive 35 million user base, with a peak of five million daily active users recorded in March.
Notcoin soars to the top as The Open Network challenges Ethereum in daily active wallets, driven by a surge in blockchain-based games.
Notcoin’s Remarkable Performance
In the rapidly evolving crypto space, Notcoin (NOT) has drawn significant attention as the leading gainer among the top 100 cryptocurrencies. The token’s value climbed by 10% over the past 24 hours, reflecting heightened interest and investment. This remarkable performance is underpinned by the blockchain it operates on, The Open Network (TON), which has seen a dramatic increase in activity, now matching Ethereum in terms of daily active wallets.
The Open Network’s Strides
The Open Network has made substantial progress over recent months. Notcoin’s large and active user base of 35 million, peaking at five million daily active users in March, has been instrumental in TON’s growth. After merely matching Ethereum’s daily wallet activity levels in mid-May, TON briefly overtook Ethereum’s figures for the first time. This competitive dynamic persisted until June 2, when TON retained the lead for nine consecutive days, according to Artemis Terminal data. Presently, the two networks are closely competing, with TON trailing by just 4,000 active daily addresses.
Market Performance and Future Prospects
TON has experienced significant market movements, rising 5% in the last 24 hours and 5.5% over the past week, data from CoinGecko indicates. This positive performance can be attributed to the success of Notcoin and an emerging trend of new, engaging Telegram-based games. Following the success of existing games, TON’s development team is poised to introduce new tokens on the network, further boosting its utility and market appeal.
Emergence of New Games
Recently launched games such as Hamster Kombat, with an astounding 100 million user milestone, have strengthened TON’s position. The game plans to launch its own token in July, allowing players to convert in-game points into crypto tokens. Similarly, new entrants like Tapswap, with 50 million players, and Yescoin, with 18 million users, are looking to integrate their operations with TON. Tapswap has transitioned from Solana wallet integration to launching its token on TON. Yescoin, aiming to migrate its user base to The Open Network, already has over six million connected wallets.
TEN’s Market Cap Milestone
The cumulative effect of these innovative developments has propelled TON to become the 10th largest cryptocurrency in market capitalization, surpassing Cardano. This significant achievement highlights TON’s growing influence and the increasing trust and interest it is commanding within the crypto community.
Conclusion
In summary, the developments surrounding The Open Network and its ecosystem of blockchain-based games have not only driven Notcoin (NOT) to new heights but also showcased TON’s potential to rival established networks like Ethereum. With new games and planned token launches on the horizon, TON’s trajectory appears promising, placing it firmly in the spotlight as a blockchain to watch.
