CandleFocus On-Chain Data Highlights TON’s Impressive Growth Potential
2024-09-23
Author: Content Editor
The on-chain analyst Shiven Moodley has identified a disparity between the market capitalization and circulating supply of The Open Network (TON), suggesting that some tokens are locked or held for the long term, affecting liquidity. Moodley attributes TON's impressive growth to its scalability and partnership with Telegram. A chart from the Cryptoquant analysis platform shows that the gap between market cap and circulating supply has widened since Q1 2024, indicating a potential difference in value from fundamental metrics. TON has seen significant growth in trading volume, daily active addresses, daily transactions, and total value locked. However, investors are advised to exercise caution and conduct their own research.
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