With the support of Telegram founder Pavel Durov, the Toncoin cryptocurrency entered the top 10 cryptocurrencies by market capitalization. Toncoin, with a value of more than 18 billion dollars, “breathes on the back” of Cardano, whose capitalization is about 20 billion dollars. Over the last month, Toncoin has almost doubled in price.

Toncoin entered the top 10 cryptocurrencies by market capitalization

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The Toncoin cryptocurrency has risen to tenth place on the list of global cryptocurrencies in terms of market capitalization, according to data from CoinMarketCap.

The capitalization of Toncoin is 18.6 billion dollars, according to this indicator the cryptocurrency has displaced Avalanche to 11th place, whose capitalization has fallen to 17 billion dollars, now Toncoin “breathes behind” Cardano with a capitalization of 20.3 billion dollars.

Over the past month, Toncoin has almost doubled its price and since the beginning of the year it has increased its price by 120%. Toncoin quotes are growing, including against the background of Pavel Durov’s announcement of a new reward system for Telegram channel owners, which is based on the use of Toncoin.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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