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The Open Network’s native cryptocurrency, Toncoin (TON) surged by 18%, reaching a new high of $7.22 amidst market turbulence, according to data from <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noreferrer noopener" data-wpel-link="external">CoinMarketCap</a>. 
<figure class="wp-block-image size-full">
 <img decoding="async" width="1010" height="485" src="https://www.cryptotimes.io/wp-content/uploads/2024/04/Toncoin-TON-Overtakes-Dogecoin-with-18-Gain-Reaches-7.png" alt="Toncoin (TON) Overtakes Dogecoin with 18% Gain Reaching $7" class="wp-image-149765">
 <figcaption class="wp-element-caption">
 Bitcoin (BTC) Price Chart | Source : CoinMarketCap
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</figure> 
This spike propelled Toncoin to become the eighth largest cryptocurrency, surpassing Dogecoin with a market cap exceeding $24 billion. The rally follows <a href="https://www.cryptotimes.io/2024/04/12/ton-foundation-hashkey-join-for-telegram-crypto-on-ramping/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Toncoin’s partnership with HasKey</a>. 
Experts are closely monitoring Toncoin as its price has soared by 35% in the past week and an impressive 136% in the last month, totaling a remarkable 180% increase since March. Trading volume has also surged by over 300% daily on average. 
Technical analysis shows Toncoin’s price in an ascending channel pattern, indicating bullish sentiment. Recent dips were met with strong buying activity, pushing the price towards a potential rally to $10, especially if it breaks the $7.50 resistance line. 
Toncoin’s upward momentum is bolstered by <a href="https://www.cryptotimes.io/2024/03/12/toncoin-price-jumps-31-to-2-year-high-ahead-of-telegram-ipo/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Telegram’s plans for an IPO</a> and introducing Toncoin-based ads, offering advertisers control over placements and budget allocation.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/06/telegrams-toncoin-ton-enters-top-10-with-19b-market-cap/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Telegram’s Toncoin (TON) Enters Top 10 with $19B Market Cap</a> 
</blockquote>

Toncoin (TON) Overtakes Dogecoin with 18% Gain Reaching $7

The Crypto Times

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