• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Analyst Identifies Disparity in TON’s Market Cap and Circulation

user avatar

by Giorgi Kostiuk

a year ago

  1. Identified Disparity
  2. Possible Reasons
  3. Project Growth and Partnership with Telegram


    4. Analyst Shiven Moodley identified a discrepancy between The Open Network’s (TON) market capitalization and circulating supply.

    Identified Disparity

    Shiven Moodley, an analyst at Cryptoquant, noticed a disparity between the market capitalization of TON and its circulating supply. This may suggest that some TON tokens are either locked up or held for the long term, impacting liquidity.

    The disparity between market capitalization and circulating supply may suggest that a portion of the tokens are either locked or held long-term, impacting liquidity.Shiven Moodley

    Possible Reasons

    According to Moodley, some TON tokens might be locked or held long-term, restricting their market availability. This can be related to mechanisms designed for long-term investment or to incentivize network participants.

    Project Growth and Partnership with Telegram

    Moodley highlighted TON’s impressive growth since August 2021, pointing out the network’s high throughput capacity, which boosts its scalability. The analyst also emphasized the importance of TON’s partnership with the messaging platform Telegram, significantly aiding the project's development.

    Moodley’s analysis points to crucial aspects affecting The Open Network's (TON) liquidity and growth potential. The partnership with Telegram also played a vital role in advancing the network.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bybit Alpha Captures Memecoin Revival on Solana

chest

Bybit Alpha has successfully listed new memecoins and captured the recent revival in the Solana memecoin market.

user avatarRajesh Kumar

Pundi AI Launches Zero-Cost Data Annotation Initiative

chest

Pundi AI launches a decentralized platform for zero-cost data annotation, allowing users to earn tokens as rewards and enhancing the quality of AI datasets.

user avatarGustavo Mendoza

Skepticism Grows in Nigerian Tech Community Over PayPal's Return

chest

Skepticism grows in the Nigerian tech community over PayPal's return due to its history of account restrictions and failures to serve users fairly.

user avatarMiguel Rodriguez

Nigerian Users Report Ongoing Issues with PayPal After Launch

chest

Nigerian users report ongoing issues with PayPal, including account locks and verification failures, raising skepticism about the platform's commitment to resolving these problems.

user avatarLuis Flores

PayPal Launches in Nigeria, But Users Face Immediate Issues

chest

PayPal launches in Nigeria through a partnership with Paga, but users face immediate issues such as account locks and failed verification.

user avatarArif Mukhtar

Weather Damage Causes TikTok Issues for Users Across the U.S.

chest

Weather damage at an Oracle data center caused technical issues for TikTok users in the U.S.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.