In the crypto market, things keep changing from time to time and we need to keep an eye on how things are moving forward. Sometimes we get to see a few projects doing well because they have built the solution which is great for the community and this is why we can see more community adoption. The adoption is the key metric in every project which means if the community is supporting the project then we can see more value coming in down the line.
I am talking about a project that is not too old in the market and it's been less than a year since when we heard about this project it is called toncoin. This is a decentralized blockchain network and it is built on Telegram which is a popular messaging app, especially for the people who are in crypto they use it a lot. This technology is primarily associated with the telegram application where we can use the Telegram app to play certain games built on the blockchain. Today in this article I'm going to talk about its price and the growth we have seen in the last year for the coin.
This chart is for the one year where we have seen the price below $2 and also reaching $8 which is a growth of 4x in less than one year. This type of growth we generally see in the bull run market cycle but we are not there if any project is giving this type of value appreciation then undoubtedly it is great I am happy to see that and this is why it is one of the projects that I am exploring more for the details.
It's not a bit of financial advice that I'm sharing however from the learning and education perspective I would recommend going through it and figuring out if this can be worth your investment only if you feel like but there is no input from my side for the investment. I keep on exploring new projects to see what technological advancements they bring and this one looks promising however if we look at the token tries and the market adoption then only these two metrics can make you believe that the project is strong and built on solid fundamentals.
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