• 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

SharpLink's Co-CEO Highlights Benefits of Active Management in ETH Treasury

chest

SharpLink's co-CEO emphasized the advantages of combining active management with public transparency in their Ethereum treasury strategy.

user avatarFilippo Romano

DMD Diamond Launches DMDv4 Mainnet, Paving the Way for Future Innovations

chest

DMD Diamond has successfully launched its DMDv4 mainnet, introducing a Layer1, EVM-compatible blockchain with enhanced capabilities for developers and users.

user avatarTando Nkube

Stellar Aims for Major Growth in Real-World Asset Tokenization

chest

Stellar (XLM) is focusing on cross-border payment solutions and tokenization of real-world assets, aiming to significantly increase its market presence.

user avatarAyman Ben Youssef

Dollar Steady as Forex Markets Prepare for Economic Data Deluge

chest

The dollar's steady performance indicates market equilibrium as traders await significant economic data releases.

user avatarRajesh Kumar

VeChain Remains a Low-Cost Established Asset

chest

VeChain continues to be one of the lowest-priced established assets available on major exchanges, currently trading at 0.001310.

user avatarSatoshi Nakamura

Noomez NNZ Gains Momentum in Stage 5 of Presale

chest

Noomez NNZ has entered Stage 5 of its presale, attracting significant interest from buyers as the price is set to increase soon.

user avatarJesper Sørensen

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.