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Toncoin

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<a href="https://bitcoinworld.co.in/toncoin-moves-closer-to-dogecoins-market-cap-surges-by-42-in-past-week/" title="Toncoin Moves Closer to Dogecoin’s Market Cap, Surges by 42% in Past Week" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400"><a href="https://ton.org/" rel="noopener noreferrer nofollow">Toncoin (TON)</a>, the open source blockchain built on Telegram, is rapidly gaining ground and approaching the market cap of the leading meme coin, Dogecoin (DOGE).</li>
</ul>
Toncoin (TON), the open source blockchain built on Telegram, is rapidly gaining ground and approaching the market capitalization of the leading meme coin, Dogecoin (DOGE).&nbsp;
In the past 7 days, Toncoin experienced a significant surge of 42.3%, propelling its market cap to an impressive $25 billion, just $2 billion behind Dogecoin.
Toncoin, which was transferred to the open-source community after Telegram dropped the project, has been making waves in the crypto market recently.&nbsp;
The recent price surge is likely fueled by rumors of Telegram going public.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/ton-rallies-after-telegram-announced-ad-revenue-sharing-through-toncoin/" aria-label="“TON Rallies After Telegram Announced Ad Revenue Sharing Through Toncoin” (Edit)" rel="noopener noreferrer nofollow">TON Rallies After Telegram Announced Ad Revenue Sharing Through Toncoin</a>
Speculation about a potential initial public offering (IPO) has been circulating for some time.&nbsp;
In March, Telegram CEO Pavel Durov revealed in an interview with Business Insider that the company had received offers valuing it at over $30 billion, but Durov expressed more interest in pursuing a direct IPO.
Another factor contributing to Toncoin’s growing popularity is the Notcoin game, which has boosted engagement with the TON ecosystem.&nbsp;
The game rewards users who interact with the TON-based projects by installing wallets, purchasing NFTs, and upgrading Telegram accounts, among other activities.&nbsp;
Toncoin recently surpassed Cardano (ADA) in terms of market capitalization, with ADA currently valued at $20 billion.&nbsp;
TON is now currently ranked the 9th largest cryptocurrency by total market capitalization.
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The post <a href="https://bitcoinworld.co.in/toncoin-moves-closer-to-dogecoins-market-cap-surges-by-42-in-past-week/" rel="noopener noreferrer nofollow">Toncoin Moves Closer to Dogecoin’s Market Cap, Surges by 42% in Past Week</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Toncoin Moves Closer to Dogecoin’s Market Cap, Surges by 42% in Past Week

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