2024-10-3 17:00 |
Toncoin (TON) has been persisting actively, with the price right now set at $5.86.
With investors, enthusiasts, and advocates of the cryptocurrency wondering if TON will go to $10 eventually, another problem remains unresolved: are there more viable options with more promising upside?
While Toncoin has the essentials of mainstream adoption of blockchain technology and possesses a healthy user base, some competing tokens are shaping the future as more strategic ones over time on account of superior technology and impressive applications in the market.
In this article, we will assess whether Toncoin price appreciation up to the set and desired $10 can take place, and discuss three investors’ rivals: Rexas Finance (RXS), Polkadot (DOT), and Solana (SOL) who are presenting the more attractive possibilities for the investors.
Toncoin (TON): will it get to $10?Toncoin is part of the Telegram Open Network (TON), which was initially proposed by the creators of the popular messaging app – Telegram.
Since its reincarnation as a non-centralized project, TON has realized certain potential, especially in its distinctive selling logic of blockchain technology being embedded into the messaging app market.
Built-in Proof of Stake (PoS) and concentration on speed and scalability make it appealing for this investment in layer one of a blockchain.
Factors indicating Toncoin may hit the $10 markCompatibility with Telegram: The integration of Ton’s blockchain with that of Telegram stands a chance of elevating the adoption of Ton as Telegram intends to include payments and dApps that are based on technologies such as blockchain within its framework.
Speed Of Transactions And Affordability Of Fees: One fuses work with Fun this way. Fun’s crypto uses Fun’s networks which are designed to process millions of transactions within seconds at very little cost which makes it very attractive for dApps and payments.
A Spiralling User Base: There has been a scaling of the TON network to encompass a range of dApps, DeFi protocols, and NFTs which contributed positively to user acquisition and potential demand for the token.
Obstacles hurting Toncoin:Emergence Of Other Layer-1 Blockchains As New Progressive Threats: Though the advanced technology within the TON networks has short-lived advantages, the competition against other layer-1 blockchains from Ethereum, Solana, and Polkadot may wipe that advantage out. These layer-1 blockchains have made great strides to crack the issues of scalability and interoperability.
Lack Of Certainty Regarding Regulations: Telegram’s painful encounters with Regulatory Authorities over the launching of the TON project back in 2020 is a reminder that the project still attracts risks of Regulatory Authority interference which may undermine the rate of the project being adopted and price appreciation.
Nevertheless, while the advantage of fundamentals certainly rests on TON, still many experts believe that tokens such as Rexas Finance, Polkadot, and Solana provide an astute and varied alternative to gain maximum returns for investors.
Rexas Finance (RXS): the world’s first scheme for tokenization of Real World AssetsRexas Finance is probably the first company within Real World Assets (RWA) tokenization which can be referred to as a revolutionizing technology that converts tangible assets like real estate, goods, and collections into a digital medium using the blockchain.
Rather than the emphasis of Toncoin which is on the use of the blockchain within messenger applications, Rexas Finance seeks to change the way traditional assets are dealt with and the way they are traded on the blockchain.
Why Rexas Finance is a smarter betMassive Market Potential: The tokenization of such physical assets has the potential of unlocking trillions of dollars of monetary use given the fact that the real estate market alone is estimated to be worth more than 379 trillion dollars. Rexas Finance enables her users to desegment these properties thus reducing the hold that individuals have over real estate.
Advanced Technology: The framework employs the use of blockchain technology, smart contracts, and artificial intelligence in the management of assets and monitoring of compliance to ensure that it has superior technology in comparison to the other contenders in the market.
RXS Token Growth: Rexas Finance is in stage 3 of its presale selling at $0.05, and there has been healthy interest in the sale. With most experts forecasting growth of as much as 500 times once RXS is launched, the token is likely to trade far above its presale price in the market and provide high returns making it a better investment than TON.
Rexas Finance aims to democratize investing and fractional ownership and as such this company stands a very good chance in the blockchain industry and might become better than Toncoin in the long run.
Polkadot (DOT): The Interoperability GiantDOT on the other hand’s design aims to address one of the most critical hurdles in blockchain space interoperability.
Because of polkadots unique parachain architecture, they become independent but remain interconnected leading to easier moving of information and assets from one blockchain to another.
Why Polkadot Is a better bet:Cross-Chain Functionality: Note also that Polkadot enables the use of different blockchains in a secure and scalable way. This is particularly beneficial for projects which need to incorporate various blockchain solutions.
Rapid Development Growth: Polkadot, for instance, has one of the fastest-growing and expanding developer ecosystems with several activities being developed on its platform. This growing adoption helps to boost its value proposition and outlook.
Scalability and Security: Owing to the use of parachains, polkadot maintains that it can process many transactions with minimum security risks which is very vital as the course of the particular DeFi and NFT markets change in the future.
Polkadot in terms of the cross-chain allowing compatibility which it possesses gives it an upper hand in grabbing some market share within the time and more chances of higher growth than what toncoin will offer in the next bull market.
Solana (SOL): The Speed and Scalability ChampionIt took no time for Solana (SOL) to establish itself in the digital currency markets as one of the fastest blockchains with the capability of more than 65000 transactions per second TPS which does so at very low costs.
About speed and further enhancing its technologies and protocols, more users turn to Solana for Dapps, especially in the DeFi and NFT space.
Why Solana is a smarter bet:The Maximum Transactions per Second: With that performance, Solana is the most productive blockchain expected until now. It can do numerous operations at a far cheaper rate than that of Ethereum or any other networks for which it is a great orientated blockchain for DeFi and NFTs.
Expansion of the Ecosystem: In the shortest possible terms, Solana has developed a healthy number of projects on the above-mentioned regions of focus. This ever-lasting surge in the number of apps brings in developers and investors to Solana and vice versa.
Investment Support: Growing investment interest in Solana is due to the level of its performance and scalability, which are beneficial for hybrid long-term investors scared of volatility.
Many see Toncoin’s modest gains as its primary appeal, but for those anticipating a more dynamic second wave in 2025, three other tokens may offer more exciting prospects.
Long-term potential lies in promising assets like Rexas Finance, Polkadot, and Solana. However, investing in weaker projects is unlikely to yield significant returns.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
The post Toncoin price prediction: Will TON eventually hit $10? Why these 3 rival tokens are considered smarter bets appeared first on Invezz
Similar to Notcoin - Blum - Airdrops In 2024