Toncoin Overtakes Dogecoin, Now 8th Largest Cryptocurrency
Release: 2024/07/02 18:14 Reading: 766
Toncoin Surpasses Dogecoin and Ranks Among Top Cryptocurrencies
Toncoin (TON) has made significant strides in the cryptocurrency market, surpassing Dogecoin (DOGE) in terms of market cap. Now valued at around $19.5 billion, TON has secured the eighth position among cryptocurrencies on CoinMarketCap.
Price Surge and Strong Market Performance
Data from CoinMarketCap indicates that Toncoin's current price is approximately $7.95, marking a 3.43% increase over the past 24 hours. This upward trend has continued throughout the past week, with TON gaining 4.92%. These gains reflect Toncoin's growing market presence and investor confidence.
Regulatory Approval and Ecosystem Expansion
Toncoin's legitimacy and acceptance received a boost when the Astana Financial Services Authority (AFSA) in Kazakhstan authorized its trading on a licensed platform. This regulatory approval enhances Toncoin's credibility and opens up new opportunities for trading and investment in regions where government approval is crucial.
The Toncoin ecosystem has also expanded significantly, with the total value locked (TVL) in the TON network reaching an impressive $600 million. This surge in TVL indicates increased user engagement and the deployment of more distributed apps (dApps) on the network. Such developments are essential for sustaining long-term growth and attracting new users to the platform.
Telegram Integration and Wider Adoption
In a strategic move to bolster its ecosystem, Telegram has introduced "Telegram Stars," an in-app currency designed to facilitate the purchase of digital goods through its network. This integration not only provides Toncoin with a new use case but also leverages Telegram's vast user base to drive adoption of Toncoin.
Recent news
More>- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 (22 Nov) 11-23
- New Solana Memecoin Shiba Eats Pepe to Skyrocket 16,000% Before Exchange Listing, as Dogecoin and Bonk Fall 11-23
- Top Trader Calls Dogecoin Budget XRP — Here's Why 11-23
- PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? 11-23
- $1k in Dogecoin in 2021 Worth $200,000 Today, Analyst Points to a New Opportunity to Repeat It 11-23
- $440 in Dogecoin (DOGE) Could Turn Into $44000 by November 2025, But One DOGE Alternative Will Do It in 8 Weeks: Surprisingly, It’s Not Shib... 11-23
- 3 Altcoins Priced Under $1 That Could Skyrocket By 6500% 11-23
- DOGE eyes $4 as Bonk and a new coin’s recent breakout hint at potential future trends 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com