As a result of the current market downturn, the majority of the coins in the top 100 (based on market capitalization) appear in red. Toncoin is the only token that has defied this trend over the past two days (TON). It saw significant increases over the previous week, month and 90 days despite the severe cryptocurrency winter. However, what is Toncoin (TON), and what is behind its recent price increase?

Continue to the end of this article to understand how this 10x coin is defying the bear market.

More about Toncoin

Toncoin was created as a token for use on the Open Network (TON) network. The Durov brothers, creators of a similar Telegram, launched the service in 2018. TON is a layer-one blockchain network developed by a community of users to facilitate low-cost, low-power transactions.

It is scalable thanks to its use of PoS voting and support for hashing. Designed to accommodate millions of customers making routine purchases, it can easily be scaled up to meet demand. In this sense, the network also allows many decentralized applications (dApps) to meet the requirements of a large user base.

The primary driver for the development of the network was the desire to popularize digital assets and cryptocurrency transactions. Since Telegram has over 500 million users who might be interested in using TON, this seemed like a natural step to take.

Why is Toncoin price going up?

In the past week, Tocoin (TON) has seen a growth of nearly 30% and since last month it has gained nearly 40%. Because of this increase, the token has been the best performing token among the top 100 cryptocurrencies based on market cap over the past week.

Toncoin was trading at $2.42 at the time of writing, and the price is up nearly 8% in the last 24 hours. But why does the price of tokens seem to have risen so quickly?

On October 26, the price of Toncoin started to rise. The value of the token increased from $1.40 on Oct 25 to $1.92 on Oct 27; This is more than 35% increase. There were several possible reasons for the increase.

Some of the contributing factors, for example, Whatsapp, a competitor to Telegram, experienced a major network outage the day before the surge.

Then, on October 26, Toncoin was added to the trading platform of KuCoin, the fifth largest cryptocurrency exchange and also saw the announcement of the near completion of Toncoin’s Ethereum-BNB Smart Chain Bridge among the developer team working on the project.

Toncoin’s bullish trajectory can be traced back to these events, which accounted for an almost 250% surge in trading volume that day.

On the other hand, Telegram said that its latest blockchain project, Fragment, will accept Toncoin as payment to anonymous phone numbers on December 6. Users can purchase anonymous Web3 identities and phone numbers using the Fragment auction site, which is a completely decentralized site.

Toncoin value increased from $1.75 on Dec 6 to $2.61 on Dec 14. However, after the Federal Reserve announced that it would raise interest rates by 50 basis points a few days ago, the token and the rest of the cryptocurrency market fell.

An asset that has the same potential, if not more potential, than Toncoin

The instant messaging company Telegram is putting a lot of effort into making blockchain an integral part of its product. Toncoin may act as a catalyst for expanding Telegram’s blockchain plans. This is great news for the platform’s original cryptocurrency and owners. Apart from TON, there are some cryptocurrencies that are still in the pre-sale stages and are definitely worth investing in before the end of the year.

Here are the tokens:

FGHT

fighting It is a revolutionary Move-to-Earn (M2E) software and fitness center network under construction. Over $1.8 million was raised in a private auction that lasted just 7 days, indicating that the project is catching the attention of crypto whales. The initial public offering is gaining momentum.

There are a few areas where FightOut outperforms competing M2E software. The standout feature of FightOut is its ability to track more than just step count when it comes to fitness.

You can get in good shape with FightOut without spending a fortune on fancy NFTs, and you’ll be rewarded for actually trying to improve your health instead of just checking a few boxes.

The new FightOut system includes an avatar that represents yourself within the app and has physical attributes such as strength and heart health. With an avatar, you can join a group in the Metaverse where physical health is the status symbol.

Your avatar’s stats will increase along with your real-world fitness achievements.

The first FightOut gym is scheduled to launch in the fourth quarter of 2023. Each location will feature a gym, art studio, and collaborative workspace.

The FightOut Ambassadors program intends to recruit celebrities, such as professional boxers and other top athletes, to help market the company through activities such as master classes. This initiative has huge potential beyond 2023 due to the high demand for the token.

Tarot

RobotEra It is a platformer immersed in the Metaverse where players can rule a vast world and build robot allies to help them in their adventures. In RobotEra, members of NFT communities may interact with each other to learn, build, and discover. Treasure chests await those who search for rare species and participate in challenges with similar objectives.

In addition, you have the possibility to create an interactive environment in which you will finally feel that you belong to the performances and surrender to the magic. Participating investors may get a head start on this new and interesting ecosystem by purchasing $TARO tokens during the pre-sale period.

Up to this point, $563,000 had been raised through the pre-sale. If you are interested in checking out this platform and having some fun, you better move fast if you want to buy some dollar TARO tokens at a reasonable price.

D2T

Whether you are an experienced investor or just starting out, Dash 2 Trading is a great resource for getting the data-driven insights you need to execute smart trades. There is social sentiment analysis, a buy/sell signal for popular coins, and a pre-sale rating system.

Increased spending on materials to help bitcoin investors avoid scams that occurred after the FTX debacle. This led to Dash2 Trade announcing an early launch date for their cryptocurrency trading platform, as well as an early end to the sale of their tokens.

There were supposed to be 9 pre-sale phases where 665 million D2T tokens could be purchased; At the moment, there are only 4 rounds left, with a total of 66.8 million tokens on the market.

D2T tokens are expected to be in high demand as they are needed for most Dash 2 Trade features. So far, $9.86 million has been raised and 75% of D2T tokens have been sold during the pre-sale period.

Ria

Non-fungible token (NFT) trading cards are used in Calvaria: Duels of EternityA strategy card game. Players build decks of cards representing their characters and engage in combat with others in a world based on the afterlife.

When players successfully complete a match, they are rewarded with NFTs, which can be bought and sold within the Calvaria ecosystem using RIA tokens. RIA owners also get a voice in the independent and decentralized management of the game (DAO). Individuals who are looking for a passive income method can also participate in this code.

Presale revenue accrued to $2.45 million, which was 80% of the $3 million goal. Unfortunately, the creators decided to end the pre-sale early, with only 13% of the tokens available for the original 300 million.

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