Bull Run 2024: Key Altcoins to Watch This Week – Cronos, Toncoin, and NEAR Protocol

• Cronos (CRO) integrates payment utility, staking rewards, and cashback, driving Crypto.com’s expanding ecosystem.
• Toncoin (TON) leverages Telegram’s infrastructure to onboard millions to Web3, with scalable, low-cost transactions.
• NEAR Protocol’s Nightshade technology boosts transaction speed, simplifying blockchain use for developers and users.

The blockchain ecosystem is still progressing, and Cronos, Toncoin, Sui, and NEAR Protocol present new concepts as part of their offerings. However, these networks are intended to increase the possibilities and convenience of decentralized applications (DApps) while solving issues with growth.

Cronos(CRO) Focuses on Payment Utility and Staking Rewards

Current price: $0.1745

Market cap: $4.63B

Cronos (CRO) is an important token used in Crypto.com native to the Cronos Chain. This blockchain is featured in a few crucial offerings, such as the Crypto.com Pay mobile payments application. CRO allows users to lock their coins, become validators, and receive transaction fees. In addition, it offers bonuses such as cashback for Merchants and consumers who make payments and transfers.

Moreover, Crypto.com is applying the staking of CRO to its other products, including the Exchange app and its Visa Card through which it offers the annual interest. However, Cronos has centered its efforts on having value for an expanding ecosystem.

Toncoin(TON): Scaling Blockchain Through Telegram

Current price:$5.48

Market cap: $13.96B

Toncoin (TON) is the driving force behind The Open Network, a layer-1 blockchain supported by the TON Foundation. Originally developed by Telegram, the blockchain shifted to community control following regulatory challenges. However, TON integrates with Telegram’s infrastructure, aiming to onboard millions of users to Web3 by 2028.

Moreover, its multi-layered design uses sharding technology to execute fast, low-cost transactions. The Wallet feature embedded in Telegram simplifies peer-to-peer transfers and crypto payments, making digital transactions accessible within the messaging platform.

Sui(SUI) Object-Oriented Approach to Blockchain

Current price: $3.73

Market cap:$10.61B

Sui introduces an object-oriented design that improves transaction speed and parallel execution. This architecture enables developers to define object types tailored to specific applications, ensuring seamless composability across the network.

Moreover, Sui employs a unique consensus mechanism that allows certain transactions to bypass standard consensus processes, resulting in near-instant finality. These innovations support stable transaction fees and facilitate Web3 adoption.

NEAR Protocol(NEAR): Sharding for Scalability

Current price: $5.94

Market cap: $7.36B

NEAR Protocol uses its Nightshade technology to enhance transaction throughput, processing up to 100,000 transactions per second. Unlike conventional sharding, Nightshade involves validators working in parallel across multiple chains, maintaining high efficiency.

However, with human-readable account names and modular components for developers, NEAR simplifies the blockchain experience for both users and creators. Its ecosystem includes platforms like Flux and Mintbase, driving adoption through accessible tools and near-zero transaction costs.

Conclusion

These platforms highlight the growing capabilities of blockchain technology. From enhancing scalability to integrating with mainstream platforms like Telegram, they are poised to reshape digital finance and decentralized applications.

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