Since the boom in the Ton ecosystem after the launch of Notcoin and DOGS tokens, the blockchain has witnessed lessening activity, as revealed by blockchain data. In the last month, Toncoin is down by 11.6% to $5.36; Notcoin is down by 20% to $0.0063; and DOGS is down by 36% to $0.00044.
Additional data shows that the percentage of holders in profit has also dwindled. About 19% of TON holders are in profit, 14% of NOTCOIN holders are in profit, but only 0.1% of DOGS holders.
Ton Foundation Aims for Market Expansion Into the US
The Open Network Foundation, the organization behind TON, has worked closely with Telegram to promote the massive adoption of blockchain. This collaboration led to the launch of several Telegram airdrops based on the Ton blockchain, including Dogs, Catizen, Notcoin, and many others.
Airdrops are a big tool crypto projects use for quick promotion but might not be the best for long-term engagement. Recent Telegram airdrops like Tomato, a yield farming platform, and Hamster Kombat, a memecoin, have launched at prices drastically beneath projected estimates. The tokens tanked upon launch and have not gotten a significant spike so far. There are speculations that Ton blockchain use will continue to drop in 2025.
However, Ton Foundation’s close collaboration with Telegram has also facilitated the adoption of the blockchain through the launch of a wallet feature. Telegram users can trade USDT, BTC, DOGS, NOT, CATI, X, MAJOR, and HMSTR via the wallet.
With over 950 million users globally, Telegram is a well-known messaging service using TON blockchain technology. Through this integration, users can access Bitcoin capabilities within their messaging app, establishing a smooth connection between digital transactions and communication.
While the wide user base that Telegram serves is enough to get the world’s attention to the Ton blockchain, it will take more than that to restore investors’ confidence in the fast-declining Ton tokens. The latest updates from the Ton Foundation reveal plans to expand into the US as expectations for a more crypto-friendly tenure are built under the incoming Trump administration.
According to the foundation’s new president, Manny Stotz, TON is uniquely positioned to lead the blockchain revolution, and the next step in the mission is establishing itself in the US market.
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