- XRP’s price has declined 3.9% while TON has surged 448% in the past year.
- TON is expected to reach $20 and XRP is predicted to reach $0.76 by year-end.
- By 2030, TON is forecasted to reach $55 while XRP is expected to reach $2.50.
Toncoin (TON), the native token of The Open Network, has experienced remarkable growth this year, driven by the success of viral Telegram-based games like Hamster Kombat and Notcoin (NOT).
This surge has propelled TON into a head-to-head rivalry with XRP, the cryptocurrency of the XRP Ledger (XRPL) developed by American fintech firm Ripple, sparking debate over which digital asset will ultimately dominate the market.
As per data from CoinMarketCap , the market capitalization of XRP is $25.6 billion, while TON’s stands at $18.4 billion. The altcoins are ranked seventh and eighth in the market, respectively. Toncoin’s valuation is just 28% below XRP, and some analysts predict that TON could overtake XRP in the near future.
According to Coinedition’s XRP price prediction , the cryptocurrency is projected to hit a price of $0.76 before the end of 2024 and $2.50 by 2030. On the other hand, the Toncoin price prediction suggests that by the end of 2024, TON might hit $20. By 2030, the digital asset is expected to reach $55. By 2026, both are forecasted to experience bearish sentiment.
The price of XRP at the time of publication is $0.45, while that of TON is $7.37. Based on this forecast, XRP is expected to see a 68% growth in valuation by 2024-end, while TON is expected to witness a surge of more than 170%. Based on these numbers, it seems plausible that TON might dethrone XRP in the near future.
Since July 2024, TON has surged 448.28%, while XRP has dipped 3.94%. The tremendous growth potential shown by Toncoin might propel the digital asset into the list of top five digital assets by market capitalization.
Additionally, as per DefiLlama, the total value locked (TVL) for The Open Network has grown to $718 million, up significantly from $21.65 million in March. In the past three months, the TVL has skyrocketed by more than 4,000%, leaving other decentralized finance protocols in the dust.
The Open Network’s growth is largely associated with the success of Hamster Kombat and Notcoin. The Notcoin airdrop was larger than the combined airdrops of LayerZero (ZRO) and ZKSync (ZK), two of the biggest blockchain projects in the industry. Without any marketing, Notcoin has been listed on Binance and reached a market cap of $2.5 billion. On the other hand, Hamster Kombat already has a user base of 250 million and counting .
On the other hand, Ripple has been engaged in a lawsuit with the United States Securities and Exchange Commission (SEC), and despite a significant partial victory granted by Judge Analisa Torres, the XRP token continues to underperform.
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