Toncoin (TON), the native cryptocurrency of the Open Network, has experienced a staggering 20.90% surge on 7-day period, catapulting its value to a new pinnacle of $7.10, as per data sourced from CoinMarketCap.
Sournce: CoinMarketCap
This surge not only propelled Toncoin to the forefront of the crypto arena but also secured its position as the eighth largest cryptocurrency, surpassing Dogecoin with a formidable market capitalization exceeding $24 billion. This remarkable rally comes hot on the heels of Toncoin’s recent partnership with HasKey, a development that has piqued the interest of industry experts.
With Toncoin’s price skyrocketing by 35% over the past week and an impressive 136% surge over the last month, totaling an astonishing 180% increase since March, analysts and enthusiasts alike are closely monitoring its trajectory. Moreover, trading volume has surged by over 300% daily on average, indicating heightened investor activity and interest in the cryptocurrency.
The bullish momentum surrounding Toncoin is further bolstered by Telegram’s plans for an initial public offering (IPO) and the introduction of Toncoin-based advertising solutions, offering advertisers greater control over placements and budget allocation.
Meanwhile, Tron (TRX) has strengthened its position as the preeminent chain for USDT transactions, surpassing Ethereum (ETH) in recent activity. According to data from on-chain analytics firm IntoTheBlock, an astounding $110 billion worth of USDT was transacted on the Tron network last week, more than double the volume settled on Ethereum.
