Toncoin vs Ripple: TON crosses $6, why this is bad news for XRP

TON has seen a significant increase in the number of addresses holding it, while XRP lags behind. How will TON see growth?

According to recent data, TON has outperformed numerous tokens in terms of adoption. The rate at which TON was being accumulated was far higher than most popular coins, even coins such asOver the last month, the Social Volume around TON had grown significantly compared to XRP, suggesting that the number of comments around TON on social media platforms had surged.

The Weighted Sentiment for TON was much higher as well, suggesting that the overall positive sentiment around the TON token had grown.In terms of Network Growth, it was seen that TON outperformed XRP. This meant that new addresses were showing interest in TON. On the other hand, XRP’s Network Growth had been declining, implying a lack of interest from new users. If this trend continues and XRP is unable to attract new addresses, it could have severe impacts on its price.

Moreover, TON displayed its dominance in terms of velocity as well. At press time, the velocity at which TON was trading at had grown materially. AMBCrypto’s analysis of Santiment’s data revealed that XRP’s Development activity stood at 0.917 at press time. On the other hand, XRP’s Development Activity stood at 0.005.and its price had grown by 2.46% in the last 24 hours. TON, on the other hand, had grown by 6.04% in the same period and was trading at $6.10.Himalay is a full-time journalist at AMBCrypto. A Computer Science graduate, Himalay writes about crypto with a special focus on the latest coin-based updates.

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