Analyst Identifies Disparity in TON’s Market Cap and Circulation

by Giorgi Kostiuk

a year ago

Identified Disparity
Possible Reasons
Project Growth and Partnership with Telegram

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Japan Tightens Access to Crypto Through Regulated Exchanges

Japanese authorities are enforcing stricter access to cryptocurrency platforms, limiting services to those that comply with domestic regulations.

Rajesh Kumar2 days ago

PEPE Token Shows Strong Performance Against Major Cryptocurrencies

PEPE token showed strong performance with a 146% increase against USD, maintaining stability and key support levels.

Jesper Sørensen2 days ago

Vitalik Buterin Emphasizes Individual Sovereignty in Ethereum Development

Vitalik Buterin emphasizes the importance of individual sovereignty in Ethereum development, urging developers to prioritize resilience over convenience.

Lucas Weissmann2 days ago

Institutional Interest in Ethereum Grows Amid Regulatory Clarity

Institutional investors are increasingly building on Ethereum due to clearer regulatory frameworks in the U.S., leading to a surge in stablecoin transfer volume.