TON Blockchain Emerges as a Strong Performer in 2024, Surpassing 5 Million Daily Active Users

The TON blockchain has emerged as a strong performer in 2024, with significant growth in daily active users and overall market activity.

The TON blockchain has emerged as a strong performer in 2024, with significant growth in daily active users and overall market activity. This expansion has been driven largely by the increasing adoption of Telegram mini-apps, helping the network surpass 5 million daily active users by mid-year.

Data from IntoTheBlock highlights that TON led the market in terms of daily active addresses, maintaining the highest levels of activity during the second half of the year. Key events appear to have caused spikes in engagement, with a notable surge in early October. This peak, marked by a record number of daily active addresses, was likely tied to a major development, such as a network upgrade or the launch of a new feature, which boosted user participation. In light of this, investors are searching for more affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now.

5 Best Altcoins to Buy Now

Internet Computer (ICP) is currently valued at $10.81, reflecting an 8.14% increase over the last 24 hours. Meanwhile, Render Network has partnered with Blender to provide free access to Octane, enhancing GPU capabilities through new integrations. XDC Network (XDC) has shown strong momentum, with its price rising by 10.03% in the past day to $0.08376. Optimism (OP), an Ethereum Layer 2 scaling solution, has experienced an 8.24% price surge, reaching $1.92.

Flockerz ($FLOCK), a new meme coin, seeks to innovate the market with a community-driven governance approach. On the other hand, MicroStrategy shares declined on their debut day in the Nasdaq 100 index.

1. Internet Computer (ICP)

Internet Computer (ICP), currently trading at $10.81, has seen a 8.14% price increase in the past day. The token boasts a market capitalization of $5.16 billion, supported by a 24-hour trading volume of $199.9 million, up 3.65%. With a circulating supply of 477.49 million ICP and a total supply of 527.24 million ICP, the token maintains high liquidity, making it an attractive option for investors. Over the past year, ICP has experienced an 11% price increase and is currently trading above the 200-day simple moving average, signaling positive long-term performance.

In the last 30 days, ICP has had 17 green days (57%), with the daily closing price exceeding the opening price on these occasions. While the current market sentiment is bearish, the Fear & Greed Index registers at 73 (Greed), indicating strong market interest.

Price predictions suggest promising growth for ICP. By December 2024, the token is projected to trade between $10.63 and $15.84, with an average price of $13.03, representing a 22.25% price increase compared to current levels. This growth could deliver a potential ROI of 48.55%. Moving into 2025, ICP is forecasted to trade in a broader range of $14.32 to $50.56, with an average price of $28.88. 

The Stellarator milestone is a major leap for #ICP, massively boosting onchain storage, throughput, and smart contract efficiency.

Now, ICP can host dapps that require a lot of memory onchain.

Check out the demo below for a technical deep dive ⤵️ pic.twitter.com/aulmVx2mO8

— DFINITY (@dfinity) December 22, 2024

January is expected to be the most bullish month, with prices potentially rising 374.31% higher than today. ICP’s innovative blockchain solutions position it as a strong competitor, appealing to both short—and long-term investors.

2. Render (RENDER)

Render Network has announced a partnership with Blender to offer users free access to Octane, enhancing GPU power with new integrations. This collaboration is expected to benefit the creative community by providing powerful rendering capabilities at no additional cost.

In the last 24 hours, the price of Render Token (RENDER) has increased by 13.36%, reaching $7.74. Trading volume also saw a significant rise of 35.86%, amounting to $1.22 billion.

Render Token’s price sentiment is currently neutral, with the Fear & Greed Index indicating a level of 73, signifying greed in the market. Over the past year, the token’s price has increased by 66%, outperforming 58% of the top 100 cryptocurrencies during