The TON blockchain has reclaimed the 3 USD threshold through NFT advancements, currently trading at 2.99 USD, which reflects a 2.4% increase from its earlier low. As a result, its market cap remains above 7.3 billion USD, keeping it as the 18th largest cryptocurrency.
The launch of BAYC’s sticker pack on TON solidifies its credibility within the NFT arena, while various collections, including Pudgy Penguins, have established their presence, driving further adoption. The Plush Pepe NFT collection has also played a significant role in boosting TON’s emergence.
Market analysts speculate that if trading volumes keep rising, Toncoin could potentially reach 5 USD. This expectation is buoyed by increased NFT trading activities, indicating a bright future for the blockchain and its utility token.
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