Toncoin beats Bitcoin with stunning 160% gain, but there’s a catch

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Toncoin is the only Layer One (L1) platform that has seen its coin outperform Bitcoin since the year began.

Despite these achievements, traders appear to lack confidence in TON, as sentiment surrounding the coin has turned negative.TON, starting the year at around $2.3, has experienced substantial uptrends in recent months, reaching approximately $6.8 at the time of writing.

Analysis of Toncoin’s active addresses over the last 30 days has revealed a surge in activity, surpassing that of Bitcoin. Starting from around 1,000 active addresses in March, Toncoin has now surpassed 10,000 active addresses, with over 10,800 recorded at the time of writing.In contrast, Bitcoin’s active addresses metric, while having higher overall numbers, has been on a declining trend.

 

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