Is TON token dying off relevance?

[Kera]

I have observed that there has been no real improvement in the price of the TON token for some time now. Sui that was lower in price to TON token has already overtaken it. Do you think that TON token is falling off the cliff in the crypto space?

 

[riberet19]

I think so, if you look at the transactions on the TON network, they're almost non-existent. It's a somewhat dead network, not only in terms of price but also in terms of activity.

 

[Fidelia]

I actually didn't believe that TON blockchain would be this inactive. It was supposed to have a unique value. What happened?

 

[Suba]

In my personal opinion, not only has the price dropped, transactions on the blockchain have also been quiet, and what's worse, they have been abandoned by their community, due to the many airdrop scams on Telegram mini apps that have caused many Ton users to lose money.

 

[Augusta]

Toncoin's future depends on technological advancements, market dynamics, and regulatory landscapes. it is difficult to predict with certainty, Toncoin does exhibit promising characteristics that suggest it could have a future.

 

[riberet19]

I actually didn't believe that TON blockchain would be this inactive. It was supposed to have a unique value. What happened?

You don't need to believe it or not, there is a saying in Crypto that says don't trust, verify; you can check the blockchain explorer yourself and see the activity on its network.

This may be due to various reasons, lack of development, competition with other blockchains that offer better fees and speed, lack of exposure in DeFi, and other factors.

 

[Augusta]

Now Tons network is eperiencing price drops due to a combination of factors, including declining user activity on the TON blockchain

 

[Kross]

In my personal opinion, not only has the price dropped, transactions on the blockchain have also been quiet, and what's worse, they have been abandoned by their community, due to the many airdrop scams on Telegram mini apps that have caused many Ton users to lose money.

How did they allow so many scam airdrops that demanded people pay with TON to get rewarded? It would necessarily have affected the value of the token. No doubts.

 

[Suba]

How did they allow so many scam airdrops that demanded people pay with TON to get rewarded? It would necessarily have affected the value of the token. No doubts.

Telegram apps should limit the use of channels as airdrop events except for those who are really serious about distributing airdrops such as Binance and OKEx exchanges so that not just anyone can create airdrops that turn out to be fake just to get TON coins,