Toncoin (TON), the token associated with messaging platform Telegram, is making waves in the crypto market. The token recently hit a new all-time high of $7 and overtakes Cardano (ADA) to become the 9th largest crypto by market capitalization. This impressive feat has raised the possibility that TON could soon surpass Dogecoin (DOGE), the current 8th largest crypto.
The rise of Toncoin in the Top 10 crypto
Toncoin proves its usefulness and popularity by its permanent rise in the top 10 crypto. Its year-to-date gains of over 193% are the highest, showing its impressive year-to-date price action. Additionally, there is one factor that has undoubtedly contributed to its adoption and growing demand. This is the integration of TON into the Telegram messaging platform which has more than 900 million active users.
It is not surprising to see Toncoin being actively promoted by Telegram. This indifference comes from the fact that the platform's founder, Pavel Durov, was the original developer of the open Telegram (TON) network. A network which was later renamed The Open Network. Telegram announces ad revenue sharing program for channel owners, with payments exclusively in TON crypto.
The Notcoin Factor
Another factor fueling Toncoin’s momentum is the upcoming launch of the Telegram-based game, Notcoin. He must launch his token on the network YOUR later this month. With over 35 million players, the launch of Notcoin is expected to increase liquidity and adoption within the TON ecosystem. This will further strengthen its position in the crypto market.
Let us remember that Toncoin derives its meteoric rise from several factors. Its integration into Telegram and its promotion efforts are among the main drivers of this upward dynamic. Additionally, the expected launch of Notcoin on the TON network is also expected to help strengthen its position in the top 10 crypto. Thus, the possibility that Toncoin will soon surpass Dogecoin's 8th place becomes more and more plausible.
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