TON set to surpass ETH holder addresses sometime before the end of 2024 if it maintains the current pace of growth.
The bold claim by Maartunn was based in the average rate of growth that TON kept up over the last few months. According to the analysis, TON averaged 500,000 new followers every day for the last four weeks.Maartunn’s analysis, however, noted that ETH holders may also increase and it is also possible that the growth in TON holders may slow down.The total number of TON addresses as of the 26th of October amounted to 113.71 million addresses. 93.
A 14.42% year over year growth. This means TON addresses grew 210 times faster than Ethereum addresses. As far as ownership stats were concerned, historical concentration data revealed that demand for Toncoin was on the decline in the last 30 days. Whale balances dropped from 32.63% on the 26th of September to 33.19% at press time.Investor balances dropped from 26.73% of the supply to 25.51% during the last 4 weeks. Finally, the TON supply held by the retail class grew from 40.65% to 41.31% during the same period.
TON’s latest crash attracted a demand resurgence, pushing the price up to a $4.95 at the time of writing. However, it also underscored the fact that the cryptocurrency was undervalued and this could attract buyers looking to get in at discounted prices.Michael is a full-time journalist at AMBCrypto. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments. Michael's writing at AMBCrypto is primarily focused on cryptocurrency market news and technical analysis. His interests include motorcycles and exotic cars.
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