- Toncoin (TON) soared to an all-time high of $6.98, with a 24% surge in a day and 137% growth in a month.
- Toncoin (TON) now ranks 9th in the crypto market with a $23.5 billion market cap, overtaking Cardano (ADA).
Toncoin (TON) skyrocketed to an all-time high of $6.98 on April 9th, marking a remarkable 24% surge in just a day and a staggering 137% increase over the past month. With a market cap of $23.5 billion, Toncoin has now claimed the 9th position in the cryptocurrency market, surpassing Cardano (ADA). Despite a 1.12% daily gain, Cardano has slipped out of the top ten rankings.
The surge in Toncoin’s price and market cap comes amid a flurry of positive developments for the platform. Telegram, the social messaging giant, recently announced its decision to embrace its native TON token over the Euro for platform payments. This move has catalyzed a surge in activity on The Open Network, with the number of accounts nearly doubling to 12.5 million over the past month. Additionally, the number of on-chain activated wallets has spiked by 77% to nearly 3 million.
This momentum reflects growing confidence and adoption of Toncoin, especially with the expansion of TON payments for advertisers and crypto payouts for content creators within the messaging app.
