Cardano

Toncoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
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

2024年4月9日公開の他の記事

Bitcoin Falls Below $71,000 Data; Wormhole, Core Among Top Losers

Peter Schiff Warns Bitcoin ETF Issuers of Possible Lawsuits, Here’s Why

This Crypto is Better than Kaspa, Here’s Why It Might Mirror KAS Success

Slothana Meme Presale Raises Over $10 Million in 2 Weeks Amid Solana Network Congestion

BlockDAG V2 Whitepaper Launch Gets Investors’ Attention for 20,000x ROI Amid TRX Declines & EOS I...

NEAR Foundation’s New $4 Million Venture to Fortify Blockchain Infrastructure

ニュースレターを購読して暗号資産の最新情報を毎日入手！