TON Surpasses $6 Milestone: A Potential Threat to Ripple’s XRP Dominance?

• The number of addresses holding TON has surged, surpassing XRP.
• TON outperforms XRP in terms of Social Volume, but falls short in the development space.
• TON’s dominance is evident in its velocity and network growth.

TON outperforms XRP in adoption and social volume, but lags behind in development activity. Despite being less popular, TON shows impressive growth in the crypto market.

TON Surges Ahead

Recent data reveals that TON has outperformed numerous tokens in terms of adoption. The rate of accumulation for TON has been significantly higher than most popular coins, including Ripple [XRP]. Over the past month, the Social Volume around TON has grown significantly compared to XRP, indicating a surge in comments about TON on social media platforms.

Network Growth and Velocity

TON also outperforms XRP in terms of network growth, indicating that new addresses are showing interest in TON. Conversely, XRP’s Network Growth has been declining, suggesting a lack of interest from new users. If this trend continues, it could have severe impacts on XRP’s price. Furthermore, TON has shown dominance in terms of velocity, with the rate of TON trading increasing significantly. XRP, on the other hand, has seen a decline in velocity during this period.

XRP’s Development Activity

Despite lagging in other areas, XRP has shown growth in one area where it outperforms TON — Development Activity. Analysis of data from Santiment reveals that XRP’s Development activity stood at 0.917 at press time, while TON’s Development Activity was significantly lower at 0.005.

Conclusion

While TON has shown impressive growth in adoption, social volume, network growth, and velocity, its development activity lags behind that of XRP. If TON can improve in this area, it could potentially become a major player in the crypto market. On the other hand, XRP needs to attract new users and increase its velocity to maintain its position in the market.