Recent data reveals a notable uptick in cryptocurrency market activity, with Toncoin ($TON) and the meme-inspired Dogecoin ($DOGE) demonstrating remarkable strength compared to established counterparts like XRP, ADA, and others.
Exploring User Adoption Trends: Surge in Non-Empty Wallets for Dogecoin, TON, Ethereum, and Bitcoin
According to insights from on-chain data aggregator Santiment, both Dogecoin and TON have witnessed a significant increase in user adoption, as evidenced by the growth in the number of non-empty wallets. TON experienced a remarkable surge of 110%, while DOGE saw a notable 27% growth over the past six months.
In specific figures, this translates to the creation of 16,800 new addresses on the Toncoin network and a staggering 6.6 million new wallets for DOGE. Although Ethereum and Bitcoin, the leading cryptocurrencies, saw slower growth rates, they still added a substantial number of non-empty wallets, with EHT recording over 120 million wallets following an 11% growth and Bitcoin adding 53.9 million wallets with a 10% growth.
TON's Meteoric Rise: Surpassing Cardano in Market Cap with Innovative Partnerships
TON, the native cryptocurrency of The Open Network blockchain, has experienced a surge in recent months, emerging as one of the largest cryptocurrencies by market capitalization. Currently trading at $5.9 with a market capitalization of $20.4 billion, TON has surpassed Cardano.
In response to the increasing demand for secure digital identity verification, the TON Foundation announced a collaboration between TON Society and HumanCode on April 7, 2024. This partnership aims to integrate advanced technology for verifying digital personhood within the TON Ecosystem, introducing a $5 million incentive program to drive adoption within the TON community.
The rise in TON's popularity can also be attributed to its integration into the widely used messaging app Telegram in September 2023, making the TON wallet accessible to Telegram's 800 million global users, thereby contributing to the initial surge in price.
Dogecoin's Potential Surge
Dogecoin, following its first bullish monthly close in three years, is speculated by cryptocurrency analysts to have the potential for a surge, with price predictions reaching as high as $1.When writing an article, the transaction price of Dogecoin is $0.1514.