Hassan Maishera
TL;DR
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TON has outperformed the other major cryptocurrencies in the last 24 hours after a 20% rally.
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It is now the 9th-largest cryptocurrency by market cap after overtaking Cardano and Avalanche.
TON Takes the 9th Spot in the Market
TON, the native coin of The Open Network, is the best performer amongst the top 20 cryptocurrencies by market cap in the last 24 hours. The coin is up by 20% during that period, outperforming other major coins and tokens.
Thanks to its rally, TON has now become the 9th-largest cryptocurrency by market cap, overtaking Cardano (ADA) and Avalanche (AVAX) in the process. At press time, TON is trading at $6.49 per coin.
The rally also comes a few days after the messaging platform Telegram announced that its users can now pay for in-platform ad purchases using TON coin. Users will have the authority to choose the exact channels to display their TON-powered ads.
TON’s rally comes as the broader crypto market enjoys a positive start to the week. Bitcoin is trading at $71,456, up by more than 3% in the last 24 hours. Meanwhile, ETH added more than 8% to its value and currently trades above $3,700 per coin.
With most coins and tokens in the green zone, the total cryptocurrency market cap has climbed up to $2.68 trillion, up by almost 4% in the last few hours.
