Dogecoin

Cryptocurrency

Toncoin

<ul> 
 <li><strong>Toncoin surpasses Dogecoin in market cap, securing the 8th largest cryptocurrency spot.</strong></li> 
 <li><strong>Toncoin ecosystem expands with $600 million TVL and Telegram integration.</strong></li> 
</ul>  
<p>Toncoin (<a href="https://www.crypto-news-flash.com/toncoin-defies-market-downturn-targets-10-as-telegram-community-expands/">TON</a>) has advanced significantly in the cryptocurrency market, surpassing Dogecoin (DOGE) in terms of market cap. With a valuation around $19.5 billion, this milestone has driven TON to become the eighth biggest cryptocurrency <a href="https://coinmarketcap.com/currencies/toncoin/">on</a> CoinMarketCap.</p> 
<figure id="attachment_743356" aria-describedby="caption-attachment-743356" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-743356 " src="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/TON.png" alt="" width="572" height="119" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/TON.png 1185w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/TON-300x62.png 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/TON-768x159.png 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/TON-150x31.png 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/TON-450x93.png 450w" sizes="(max-width: 572px) 100vw, 572px">
 <figcaption id="caption-attachment-743356" class="wp-caption-text">
  Source: CoinMarketCap
 </figcaption>
</figure> 
<h2 id="strong-recent-price-surge-and-market-performance-strong"><strong>Recent Price Surge and Market Performance&nbsp;</strong></h2> 
<p>Data from CoinMarketCap shows that Toncoin’s present price is roughly <strong>$7.95</strong>, which reflects a<span style="color: #339966;"><strong> 3.43%</strong></span> rise over the past 24 hours.</p> 
<p>This upward trend is not restricted to one day; <a href="https://www.crypto-news-flash.com/pantera-capital-increases-investment-in-toncoin-with-new-fund/">TON</a> has shown a positive pattern throughout the past week with a <span style="color: #339966;"><strong>4.92%</strong></span> climb. These achievements draw attention to Toncoin’s rising market presence and increasing investor confidence.</p> 
<div class="cryptoboxes" id="mcw-435413" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="toncoin" data-symbol="TON" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>When the Astana Financial Services Authority (AFSA) of <a href="https://www.crypto-news-flash.com/toncoin-trading-now-legal-on-kazakhstan-exchanges/">Kazakhstan</a> permitted Toncoin’s trading on a licensed platform, its legitimacy and acceptance shot forward, as previously reported by CNF.</p> 
<p>This regulatory nod not only improves Toncoin’s validity but also creates new trade and investment opportunities in areas where government approval is absolutely vital.</p> 
<h3 id="strong-expansion-of-the-toncoin-ecosystem-strong"><strong>Expansion of the Toncoin Ecosystem</strong></h3> 
<p>Also, with the total value locked (TVL) in the TON network lately approaching an amazing $600 million, the Toncoin ecosystem has been rapidly increasing.</p> 
<p>This rise in TVL points to rising user engagement and network deployment of more distributed apps (dApps). Maintaining long-term increase and drawing additional users to the platform depend on such advancements.</p> 
<p>Strategically improving its ecosystem, Telegram has <a href="https://www.crypto-news-flash.com/telegram-launches-in-app-currency-stars-for-digital-purchases-with-toncoin-engaging-400-million-users-ton-price-to-rally/">unveiled</a> “Telegram Stars,” an in-app currency meant to simplify the purchasing of digital items via its network. Along with giving Toncoin a new use case, this integration uses Telegram’s large user base to encourage adoption of Toncoin.</p>

Toncoin Overtakes Dogecoin, Now 8th Largest Cryptocurrency

Table of Contents

Crypto News Flash

Other articles published on Jul 2, 2024

BTC Price Rebound: Expert Suggests Bitcoin Could Rally in July Despite Mt. Gox Concerns

Short-Term Holders Might Cap Bitcoin’s Upswing Near $65,000, On-Chain Data Suggests

Over $730M Tokens Unlock In July 2024, Could Be A Supply Shock!

Digital Shovel Accuses RK Mission Critical of $170 Million Bitcoin Mining Patent Violation

Daily Market Review: BTC, ETH, ZK, WLD, TON

SEC Accepts Hashdex’s 19b-4 Application for Crypto ETF

Join our free newsletter for daily crypto updates!