CandleFocus TON holders expected to top Ether’s by year-end
2024-10-26
Author: Content Editor
TON (The Open Network) is gaining traction and is expected to overtake Ethereum in terms of holder numbers by the end of the year. With around 500,000 new holders daily, TON's total count has reached 112 million, closing the gap with Ethereum's 137 million holders. However, there are uncertainties regarding TON's growth rate and Ethereum's gradual increase in holders. TON's Sharpe Ratio has been declining, indicating lower volatility and reduced risk, but bears are attempting to push down TON's price and break a key support level. Ethereum has experienced a massive outflow of ETH, suggesting potential institutional interest in the cryptocurrency.
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