Cardano

Toncoin

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In a dramatic turn of events, the crypto space witnessed the rise of Toncoin (TON) as it surpassed&nbsp;<a href="https://u.today/cardano-ada-reaches-major-milestone-with-886-million-transactions" rel="noopener noreferrer nofollow">Cardano (ADA)</a> in market capitalization, securing a spot in the coveted&nbsp;<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">top 10</a>. Over the past 24 hours, Cardano slipped from ninth place to tenth, with a market capitalization of $21.65 billion.
The spotlight now shines on TON, a blockchain project associated with Telegram, the renowned messenger platform. Fueled by ambitious announcements from Pavel Durov, the billionaire behind Telegram, Toncoin's recent surge has been nothing short of meteoric.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9cee69e6-404d-474a-b0ba-3abd3ad0b853" src="https://u.today/sites/default/files/inline-images/tonusd.png">TON to USD by <a href="https://coinmarketcap.com/currencies/toncoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
With plans to integrate&nbsp;<a href="https://u.today/telegram-creator-pavel-durov-dispels-fears-about-toncoin-ton" rel="noopener noreferrer nofollow">Toncoin</a> into the messenger platform and initiate its acceptance as a mode of payment and a reward for advertising, coupled with large-scale token buyouts, Toncoin's price skyrocketed by a staggering 135% in the past month alone. Its market capitalization now stands at a formidable $23.94 billion. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="513a5201-362b-4dcd-844d-52ec5a0b51d4" src="https://u.today/sites/default/files/inline-images/cmc_0.png">Source: <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
The remarkable growth of TON's network, The Open Network, further underscores its rapid ascent. The total value locked in the network surged by nearly 700% since March, reaching an impressive $145 million. As a result, Toncoin has firmly secured its position in the top 10 cryptocurrencies, edging out&nbsp;<a href="https://u.today/cardano-founder-says-crypto-and-ai-have-the-same-issue" rel="noopener noreferrer nofollow">Cardano</a> from its former standing.
With Toncoin's eye set on further milestones, including surpassing Dogecoin's market capitalization of $28.33 billion, the cryptocurrency market braces for continued disruption.&nbsp;
Meanwhile, Cardano finds itself fending off competition not only from Toncoin but also from emerging contenders like AVAX and&nbsp;<a href="https://u.today/shiba-inu-sparks-frenzy-with-major-shib-ecosystem-upgrade-details" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>, each vying for a place in the upper echelons of the crypto hierarchy.

Toncoin (TON) Dethrones Cardano in Top 10 on Major Telegram Expansion

U_Today

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