Toncoin vs Ripple: Ton Crosses $6, Why It’s Bad News for XRP
Toncoin vs. Ripple: TON Crosses $6 Mark – And Why That’s Bad For XRP (19459000)
Journalist
- The number of addresses with TON has increased dramatically.
- TON is superior to XRP in terms of social volume, but not in the development space.
Toncoin [TON] The cryptocurrency market has been very volatile in recent days.
The protocol and token have shown tremendous growth despite being less in demand than other protocols and tokens.
TON is the leader
Recent data shows that TON is outperforming many tokens in terms of adoption. TON’s accumulation rate has been much higher than other popular coins. Even Ripple coins could not keep up with this rate. [XRP].
Source: Santiment
TON has also surpassed XRP on the popularity scale.
The social volume surrounding the TON token has increased significantly over the past month compared to XRP. This indicates that social media comments have increased.
The weighted sentiment for TON has also increased, indicating that there is a positive trend in the overall sentiment towards the TON token.
Source: Santiment
In terms of network growth, TON was observed to be performing better than XRP. It was evident that TON was attracting new addresses.
On the other hand, XRP’s network growth has been decreasing, indicating a lack of interest from new users. If this trend continues and XRP fails to attract new addresses, it could have a significant impact on its price.
TON also showed its dominance when it came to speed. TON’s trading speed had increased significantly at the time of publication.
XRP also lost ground as its speed was observed to decrease sharply during this period.
Source: Santiment
XRP shows growth
XRP has surpassed TON in one particular area – development activity.
Read Toncoins [TON] Price Prediction for 2024-25
AskFX analyzed Santiment data and found that XRP development activity was 0.917 at press time. XRP development activity was 0.005 at press time.
Source: Santiment
At press time, XRP was trading for $0.5427 Its price has increased by 2.46% in the last 24 hours. The price of TON, which was at $6.10, increased by 6.04% in the same period.
