Toncoin (TON) flipped Cardano’s (ADA) token to become the ninth-largest cryptocurrency by market capitalization on April 9. Can Toncoin continue its parabolic rise?

4 月 9 日，Toncoin (TON) 超越了 Cardano (ADA) 代幣，成為市值第九大加密貨幣。Toncoin 能否繼續其拋物線式上漲？

TON becomes the ninth-largest crypto

TON 成為第九大加密貨幣

Following a 13% daily price increase, TON rose to $6.65 as of 1:45 p.m (UTC), to become the ninth largest cryptocurrency with a $23 billion market capitalization, overtaking the ADA token’s $22 billion market cap, according to CoinMarketCap data.

根據CoinMarketCap 的數據，在每日價格上漲13% 後，截至下午1:45（UTC），TON 升至6.65 美元，成為第九大加密貨幣，市值達230 億美元，超過ADA 代幣的220 億美元市值。

The rally comes a day after TON Society developers set aside $5 million Toncoin to incentivize users to verify their identity using palm scanning technology. The project aims to enable digital identity verification for Telegram users over the next five years and will distribute one million TON to users participating in the proof-of-personhood program.

這場集會是在 TON Society 開發商撥出 500 萬美元 Toncoin 來激勵用戶使用手掌掃描技術驗證身分的第二天發生的。該專案的目標是在未來五年內為 Telegram 用戶提供數位身分驗證，並將向參與身分證明計畫的用戶分發 100 萬個 TON。

The increased interest in TON helped it outperform Cardano’s ADA. TON price has surged over 135% during the past month, while the ADA price fell 15%.

人們對 TON 興趣的增加幫助它超越了卡爾達諾的 ADA。過去一個月，TON 價格飆升超過 135%，而 ADA 價格下跌 15%。

Zooming out further, TON price increased 183% year-to-date (YTD), while ADA price fell 1.30% YTD.

進一步縮小範圍，TON 價格年初至今上漲 183%，而 ADA 價格年初至今下跌 1.30%。

TON launched a $115 million community incentive program on March 20, with $38 million for token mining and user incentives, $22 million for airdrops, $15 million for The League developer ecosystem, and $40 million for liquidity pool boosts. The program aims to drive more user adoption.

TON 於3 月20 日啟動了1.15 億美元的社區激勵計劃，其中3800 萬美元用於代幣挖礦和用戶激勵，2200 萬美元用於空投，1500 萬美元用於The League 開發者生態系統，4000萬美元用於流動性池提升。該計劃旨在推動更多用戶採用。

In contrast with Toncoin, Cardano’s ADA saw little interest this year, as investor attention was focused on the Bitcoin exchange-traded funds (ETFs), and other major blockchain upgrades, such as Ethereum’s Dencun upgrade.

與 Toncoin 相比，Cardano 的 ADA 今年興趣不大，因為投資者的注意力集中在比特幣交易所交易基金 (ETF) 和其他主要區塊鏈升級上，例如以太坊的 Dencun 升級。

Related: With 10 days to the halving, analysts predict $150K Bitcoin top

相關：距離減半還有 10 天，分析師預測比特幣價格將達到 15 萬美元

Can TON maintain its momentum?

TON 能否保持勢頭？

Toncoin’s price action has been drastically outperforming Dogecoin. TON rose 130% dring the past month while DOGE only gained 14.8%. Year-to-date, TON is up 177%, while DOGE price is up 108%, according to TradingView.

Toncoin 的價格走勢遠優於狗狗幣。 TON 過去一個月上漲了 130%，而 DOGE 僅上漲了 14.8%。根據 TradingView 的數據，今年迄今，TON 上漲了 177%，而 DOGE 價格上漲了 108%。

While Dogecoin’s price action is purely based on speculation-driven demand, Toncoin’s utility within the Telegram messaging app can lead directly to its price appreciation with increasing user uptake. 

雖然狗狗幣的價格行為純粹是基於投機驅動的需求，但 Toncoin 在 Telegram 訊息應用程式中的實用性可以隨著用戶使用量的增加而直接導致其價格升值。

On the downside, Toncoin’s token distribution could raise concerns among retail investors. According to CoinCarp data, over 60% of Toncoin is held by the 10 largest holders, while 93% of the supply is held by the 100 richest holders.

不利的一面是，Toncoin 的代幣分配可能會引起散戶投資者的擔憂。根據 CoinCarp 數據，超過 60% 的 Toncoin 由前 10 位最大持有者持有，而 93% 的供應量由前 100 位最富有持有者持有。

Related: Telegram Mini Apps are ‘Trojan horse’ for mass blockchain adoption — TON investments director

相關：Telegram 迷你應用程式是大規模區塊鏈採用的「特洛伊木馬」——TON 投資總監

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投資建議或建議。每一項投資和交易行為都涉及風險，讀者在做決定時應自行研究。