Toncoin (TON) continues to defy the global cryptocurrency market slowdown as it shows no signs of slowing down. With a multi-week rally driving its price to new heights, Toncoin (TON) is aiming for fresh capitalization records and welcoming numerous decentralized applications (dApps) on a daily basis.
On June 13, 2024, the price of Toncoin (TON) surged by almost 5%, inching closer to a new all-time high of over .65. This spike in price propelled Toncoin (TON) to a market capitalization of .55 billion, surpassing veteran cryptocurrency Cardano (ADA) to secure the 10th spot among digital assets.
Toncoin (TON) stands out as the top performer in the elite league of cryptocurrencies, with positive dynamics that outshine other assets in the top 20 and top 100. Its daily trading volume has also seen a boost, reaching over 3 million and making it the 10th most traded asset, excluding stablecoins.
Renowned analyst Ali Martinez has forecasted a potential 40% rally for the TON price, despite warnings from the TD Sequential Indicator. The roadmap for Toncoin (TON) suggests a midterm target price above .
In addition to its price surge, the Toncoin (TON) ecosystem of cryptocurrency applications achieved a significant milestone last week, surpassing 0 million in total value locked (TVL). With over 650 decentralized applications hosted on its platform, Toncoin (TON) has gained popularity, particularly for “Tap-to-Earn” apps like Notcoin (NOT) and Hamster Combat (HAMSTER).
Toncoin (TON) has even reportedly surpassed Ethereum (ETH) in the number of daily active addresses transacting on-chain, showcasing its growing influence in the cryptocurrency landscape. Overall, Toncoin (TON) continues to make waves in the market as it sets its sights on new milestones and records.
