Toncoin Surges into Top 10 Cryptos: What’s Fueling the Rise?

• TON surged 12% in a day, claiming the 10th position in market capitalization.
• TON’s value rose by 32% in seven days and 132% in a month, hitting $7.06 and displacing Cardano.
• The TON Foundation partnered with HumanCode, offering incentives to promote the adoption of its protocol.

Toncoin (TON) has surged in value, claiming the 10th position in market capitalization. It has experienced a remarkable 12% spike in the past day alone, currently priced at $6.65. 

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Over seven days, its value has soared by 32% while witnessing an astounding 132% increase over the past month. This surge has propelled TON to reach an all-time high of $7.06 earlier this Tuesday, effectively displacing Cardano from its longstanding position in the top 10. 

With a market cap exceeding $23 billion, TON now stands proudly among the most valuable cryptocurrencies globally. In contrast, Cardano (ADA) has slipped to the 11th position, with a market cap slightly above $21 billion and a current price of around $0.60, reflecting a 2.1% decline for the day.

Recent initiatives, including the launch of a self-custody TON wallet and revenue-sharing programs, have contributed to the network’s momentum. The upcoming launch of Notcoin’s token on the TON chain and the announcement of a substantial rewards program further underline the network’s growing ecosystem.

In a recent initiative aimed at boosting adoption, the TON Foundation has partnered with HumanCode, a leader in palm-based verification technology, to provide attractive incentives amounting to one million TON. This collaboration seeks to encourage the uptake of TON’s groundbreaking “proof of personhood” protocol, marking the onset of a fresh stage of expansion for the network.

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