Toncoin (TON) Shoots 16%, Outshines Dogecoin (DOGE) in Epic Move

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Surprisingly, Toncoin (TON) has overtaken Dogecoin (DOGE), pushing it down to ninth place and claiming the title as the eighth largest cryptocurrency by market cap.

Toncoin boosted recovery

After most assets bounced back significantly from a severe loss over the weekend, Toncoin’s price increase outpaced Dogecoin’s in a striking manner.

Currently, Toncoin is seeing a 16.1% increase in value over the past 24 hours to reach $7.10. This surge adds to its weekly earnings of 28.3%, making it a stronger performer compared to Dogecoin’s 19.1% decline during the same timeframe. In simpler terms, Toncoin has outperformed Dogecoin and other coins in the past week with its impressive growth.

Based on the current market situation, Toncoin has a market worth of approximately $24.5 billion, more than Dogecoin’s $24.1 billion. The difference between the two is minimal, so it’s uncertain if Toncoin surpassing Dogecoin is a permanent shift or not. Regardless, members of the Toncoin community are excitedly marking this achievement.

Since the beginning of the year, Toncoin has experienced a steep climb, with its YTD growth reaching an impressive 205.7%. This significant increase surpasses Bitcoin‘s (BTC) YTD growth rate of 57.13% by a considerable margin.

Toncoin Ambitions: Flipping XRP Next?

Toncoin aspires to surpass XRP‘s position in the future with its robust determination. Reaching this level currently requires significant effort, and Toncoin recently overtook Cardano (ADA) to join the top 10 most valuable cryptocurrencies this month.

toncoin’s surge can be attributed to several factors. Its advanced technology enables the development of numerous decentralized apps, making it an attractive choice. Furthermore, its connection to Telegram provides an extra push. The toncoin community is driven by many enthusiastic users who have come together to foster innovation and growth on the network.

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2024-04-15 11:56