Toncoin (TON) has recently been trending a great deal within the crypto community, which has also translated to a massive increase in the token price and its usage. At the time of writing this article, Toncoin has a value of 5 US dollars. Fifty eight and 19, indicating a daily rise by 3. 33%. This upward trend has been realized despite the volatile nature of the market coupled with such consistent gains can only depict a strong underlying interest coupled with confidence in the cryptocurrency community.
Toncoin has claimed a market cap of $13 as of the time that this article was being written. Cryptocurrency the daily trading volume reaches 15 billion and takes place at the 10th position in the world. Such a large market capitalisation is indicative of Toncoin’s expanding power and the steady advancement of our fundamental technology. The market capitalization of the coin ha increased by 3. 54% which goes to show how the practice is gaining popularity at a steady pace. This growth trajectory is revealing compelling opportunities to retail and institutional investors that are eager to invest in cryptocurrencies.
Toncoin’s daily trading volume hit $206 in the last 24 hours. 38 million, up by 2 per cent in the last one year. 57% increase. Any volume of such nature suggests that there is enough liquidity in the Toncoin market to facilitate large transactions while the price of the coin does not experience a dramatic shift. It may be recalled, the volume to market capitalization which currently is 1/ 1. 57% of them and this may be viewed as quite intensively trading as compared with the share of the given coin within the entire market.
As of now, the circulating supply for Toncoin is 2. 5,3 billion pieces of TON, and the overall volume of more than 5. 11 billion TON. Thus, a rather large supply present in the market contributes to the fact, which keeps it as liquid as it could be, as well as the possibility of its increase due to the addition of new coins into the general stream of circulation. However, what is rather unique, and perhaps easily overlooked when evaluating Toncoin is that the maximum supply of TON is potentially almost endless, or more precisely, theoretically it can be infinite. This aspect adds a new dimension whereby the inflationary effect could play a part in the trajectory for Toncoin as a currency and an investment in the long run, compared to deflationary models exhibited in other cryptocurrencies such as Bitcoin.
The market capitalization of Toncoin at the moment of writing the article including all the outstanding shares is $26. 49 billion. This shows the today’s TNC market capitalisation assuming all possible tons of toncoins are in circulation it do prove that this coin has so much growth potential. This fully diluted market cap might help long-term investors who are considering the coin as it grows more popular find valuable information on what Toncoin may be worth when more TON are available for distribution in the market.
In conclusion, we have seen that Toncoin is progressively climbing up in cryptocurrency market cap, trading volume and supply. This is an indication that its recent price hike and the one that saw its market cap hit a new high, can support a continued positive momentum on the coin in the next few weeks and months. However, the above max supply points to an important aspect that investors need to consider mostly as it affects the future value of the particular coin. Looking at the future of Toncoin it will be rather fascinating to observe its capacities in overcoming such problems as maintaining the growth and keeping up with the constantly shifting demand and supply ratio in the world economy.
