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Cryptocurrency News Articles

TON Blockchain Daily Active Users Surpass 5 Million by Mid-2024, Data Shows

Dec 24, 2024 at 12:12 am

The TON blockchain has seen remarkable growth in 2024, driven by the increasing adoption of Telegram mini-apps. This surge in usage helped the network surpass 5 million daily active users by mid-year, solidifying its position as one of the most active blockchain ecosystems.

TON Blockchain Daily Active Users Surpass 5 Million by Mid-2024, Data Shows

The TON blockchain experienced remarkable growth in 2024, driven largely by the increasing adoption of Telegram mini-apps. This surge in usage helped the network surpass 5 million daily active users by mid-year, solidifying its position as one of the most active blockchain ecosystems.

Data from IntoTheBlock highlights TON’s dominance in daily active addresses, with consistent activity peaks throughout the latter half of the year. Key events contributed to these spikes, showcasing the network’s expanding influence in blockchain.

With digital assets printing price rallies, this article focuses on the most searched cryptos on GeckoTerminal today.

Most Searched Cryptos on GeckoTerminal Today

TrenchAI (TrenchAI) has exhibited significant price volatility over the past 24 hours, surging by an impressive 3,602.4% to $0.009797. Meanwhile, Digicoin has seen substantial activity since its debut just a day ago. In contrast, Harold is experiencing bearish momentum, with its price decreasing by 0.91% to $0.005401 in the same period.

The OnlyFans (OF) token has also displayed considerable market fluctuations, skyrocketing 1,096.7% over the last day to $0.001121. Additionally, Wall Street Pepe (WEPE), an emerging meme coin, has secured $35 million through its presale, positioning itself as a community-driven contender in the cryptocurrency market.

1. Trenches AI (TrenchAI)

TrenchAI (TrenchAI) has shown extraordinary volatility and performance within the past 24 hours, recording a dramatic 3,602.4% increase in price to $0.009797. The token, built on the Solana blockchain, has a fully diluted valuation (FDV) of $9.72 million, matching its market cap. Trading volume reached an impressive $55.5 million within the same period, highlighting significant interest and activity.

Over the last 24 hours, the token has seen 137,036 transactions, with buying activity (76,047) outpacing selling activity (60,989). The liquidity pool holds $549.71K, which may help sustain trading activity but also indicates potential risks due to its relatively modest size compared to the trading volume.

TrenchAI has amassed 13,230 holders within just 21 hours since launch, signaling rapid adoption, though its long-term stability remains uncertain. Despite its rapid growth, such extreme gains warrant caution as they may indicate speculative behavior or pump-and-dump activity.

Over shorter intervals, the token continues to show fluctuating momentum, with gains of 28.38% in the past hour and 10.99% over six hours. This high volatility could present opportunities for active traders but increases the risk for long-term investors.

2. Digicoin (Digi)

Digicoin has experienced significant activity and growth since its launch one day ago. The token’s current price is $0.061386, reflecting a staggering 1,596.4% increase in just 24 hours. Its market capitalization is $2.76 million, with the fully diluted valuation matching this figure. Over the same period, trading volume has reached $10.25 million, indicating strong interest from traders.

However, liquidity is relatively modest at $171,240, which could increase price sensitivity. The token has quickly attracted 15,140 holders, highlighting rapid adoption in a very short time. Regarding trading activity, there have been 61,348 buy transactions compared to 37,790 sell transactions, showing a clear dominance of buying interest.

Over the past six hours, Digicoin’s price surged by 100.12%. However, within the last hour, it experienced a sharp 13.07% drop, reflecting heightened volatility. This decline may indicate early profit-taking by some investors. Despite this retracement, the token generated considerable returns on its first trading day.

The token’s rapid price movement and high trading volume suggest strong speculative interest. However, the small liquidity pool compared to trading volume makes the price more vulnerable to sudden shifts. The disparity between buy and sell transactions shows higher demand for the token, though the recent dip in price hints at some level of uncertainty or risk among investors.

3. Harold (HAROLD)

Harold’s current market activity reflects a bearish trend. Its price at $0.005401 shows a 0.91% decrease over the past 24 hours. The market capitalization is $5.39 million, with a 24-hour trading

News source:insidebitcoins.com

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Other articles published on Dec 24, 2024