Crypto News

Toncoin Surpasses Cardano To Become 9th Largest Cryptocurrency After Linking With Telegram

Toncoin (TON) made headlines in the cryptocurrency world as it overtook Cardano (ADA) to claim the ninth position in terms of market capitalization on April 9th.

With a remarkable 13% surge in its daily price, TON soared to a new all-time high of $7.08. This surge propelled its market capitalization to over $23 billion, surpassing Ada’s market value of $21.4 billion, according to data from CoinMarketCap. In contrast, Cardano experienced a 2.1% decline, with its current price hovering around $0.60.

Reports indicate that Telegram, the popular messaging app, played a significant role in TON’s ascent. Telegram pledged to distribute half of its advertising earnings to channel owners, exclusively in TON. Last week, Telegram further solidified its commitment to the TON ecosystem by announcing that it would accept revenue for TON advertising.

Notcoin Telegram Game Grows Massively 

Moreover, the integration with Telegram has opened up new avenues for cryptocurrency projects. Notcoin, a Telegram-based game, attracted a staggering 35 million players over the last three months. In an effort to reward its participants, Notcoin will introduce its native token, NOT, on the TON blockchain on April 20th.

Toncoin’s meteoric rise and its partnership with Telegram signify a significant milestone in the cryptocurrency space. As the competition among digital assets intensifies, the collaboration between blockchain projects and popular platforms like Telegram underscores the growing mainstream adoption of cryptocurrencies.

Overall, Toncoin’s achievement of surpassing Cardano highlights the dynamic nature of the cryptocurrency market and the importance of strategic partnerships in driving growth and adoption within the industry.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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