Toncoin [TON] to outperform Bitcoin?

Velemir Sava

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Quote from: shanhaigamefi on May 14, 2024, 01:19:11 AM

The performance of Toncoin in May as a top 10 asset by market capitalization should invigorate buyers. While Bitcoin fell below $60k, bounced to $65.5k and faced another rejection, TON has trended higher.
The Fibonacci levels showcased the likelihood of further gains was good.
The move past the 78.6% retracement level meant that the downtrend to $4.6 might not see newer lows, but instead the price could trend toward the Fib extension levels northward.
The 161.8% and 200% extension levels at $9.61 and $10.8 were technical targets where bulls could realize profits.

If see The performance of Ton coin in percentage is correct if you calculate so, but we should never assume / assume that in the future TON will compete with BTC or ETH. In general, the development and interest of the public investing in this platform is quite large and this increase is purely due to innovations made by the team in various ways so that the price of TON is boosted upwards and also most importantly the moment is very appropriate as BTC is charged, of course.

batang_bitcoin

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Quote from: shanhaigamefi on May 14, 2024, 01:19:11 AM

By comparison, BTC has dropped 2.84% in the past week and gained 2.26% in the past 24 hours.

This is a vague comparison, how can you compare it within a past few weeks than of the years that Bitcoin is doing? Okay, say that TON outperforms Bitcoin for this week but there's a reason behind that and that's due to the NOTcoin distribution and hype that's happening in exchanges. And what will happen next when it's done? Well, BTC is definitely going to outperform it so that performance will be temporary but it wouldn't beat and outperform BTC in the long run.

ultrloa

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Quote from: shanhaigamefi on May 14, 2024, 01:19:11 AM

Toncoin [TON] outperformed Bitcoin BTC in the past few days. It has gained 21.36% in the past seven days and 4.98% in the past 24 hours, based on CoinMarketCap data.
By comparison, BTC has dropped 2.84% in the past week and gained 2.26% in the past 24 hours.
The social volume of TON was one of the outliers in the crypto market, rising by more than 20% compared to the previous week.
The performance of Toncoin in May as a top 10 asset by market capitalization should invigorate buyers. While Bitcoin fell below $60k, bounced to $65.5k and faced another rejection, TON has trended higher.
The Fibonacci levels showcased the likelihood of further gains was good.
The move past the 78.6% retracement level meant that the downtrend to $4.6 might not see newer lows, but instead the price could trend toward the Fib extension levels northward.
The 161.8% and 200% extension levels at $9.61 and $10.8 were technical targets where bulls could realize profits.

People who been amazed with the recent performance get by TON will always compare it to bitcoin then they think about it can out performed bitcoin in certain times they imagining. But This is just a short term achievement for that coin and there's a lot of things needed to prove since in case with bitcoin it already goes a lot with challenges and here it still stays at the top of all crypto in the market. while that TON still need to work for a lot of things and need to exist for lots of years before those established investors would really agree with this statement.

For now people stop comparing but rather they should focus on how they can earn with bitcoin also with TON since its good to ride up the hype with certain coins since it provably convert into profit to us.

Tipstar

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It's not a surprise for newer coins to outperform bitcoin. The rise of Toncoin has been spectacular from around $2 a few months ago to $7 now. It's a bit difficult to predict where the price would move in the future as there's tough competition and Toncoin has not been as successful as ecosystem than it's competitors. There are not many successful tokens and dapps in ton ecosystem to boost its demand. The use of Ton in Telegram messenger is a small niche not much large to upscale rapidly. I believe the price would come down below 5 in near future.

CoinMin3r

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It might seem other alts outperformed BTC in some point and for limited short time frame. But in reality BTC always wins in long run. Ups and downs come but BTC always bounce back hard while other alts can't bounce back after certain period of time. Thats the reality.

crwth

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If we are just going to compare the short timeframe that you are trying to show, then you can definitely say that it outperformed BTC. A lot of coins can out perform BTC with a short while but if you check the whole timeframe, it will give you a different scenario.

It will be a case-to-case basis if you were to inspect in something like that but it's still best to have it compare on fair terms. Recent performance, social trends, market trends, and technical analysis won't be enough to say that it's better than that.

Bureau

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Another absurd comparison is this topic for me. The problem here is how long can TON coin keep performing in the same manner like it has been doing lately. Bitcoin for the past 15 years has been at the top and from 2011 Ethereum has been on the top 5. If an altcoin has to rule the market then it has to have some good fundamentals. If TON coin team and developers can come up with a practical roadmap then it might stay in business but it won't be able to out perform Bitcoin.

mk4

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