2023-10-06 00:40:12
Binance report shows the cryptocurrencies that rose the most in the month
Blockmarket – Binance released a report this week on how the crypto market has moved over the last month. With the price of (BTC) ending in appreciation, and other cryptocurrencies rising more than 20%, September performed well for the main digital assets.
In first place is toncoin () on the list of the best results in the last month in the crypto market. In just 30 days, this cryptocurrency rose 20.93%, which is the best performance among the ten largest digital currencies.
With a 15.60% appreciation in the same period is tron (TRX), which occupies second place in the ranking published by Binance. In third place is solana (SOL), which appreciated by 8.41% in the month.
Most of the top ten coins ended the month in green. Notably, TON and TRON defied the trend, demonstrating impressive gains of over 20% and 15% in one month.”
Why did TON cryptocurrency rise 20%?
The TON cryptocurrency was developed to support the Telegram application, functioning as a utility token, although this integration is not yet a reality.
However, TON’s price increase over the last month is attributed to an integration of the cryptocurrency’s digital wallet with a Web3 ecosystem, which caused the price to increase considerably in September, explains the Binance report.
“TON’s recovery can be attributed to the recent announcement regarding the integration of the TON crypto wallet and support for a TON-based Web3 Ecosystem, as highlighted in Token2049.”
The study shows that Telegram has 800 million users on the application. In other words, an integration with the TON cryptocurrency can increase the adoption of the digital asset, attracting new partnerships.
“Given Telegram has an impressive user base of 800 million users, this partnership fuels the flame of potential mass adoption, catalyzing public speculation and anticipation.”
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