Toncoin (TON) Best Performing Crypto in Top 100 – What You Should Know

Toncoin (TON) Best Performing Crypto in Top 100 – What You Should Know

Even though the global cryptocurrency segment is taking a breather, the Toncoin (TON) price shows no signs of exhaustion. After a several-week rally, it is aiming for new capitalization records and adding dozens of decentralized applications (dApps) daily.

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Even though the global cryptocurrency segment is taking a breather, the Toncoin (TON) price shows no signs of exhaustion. After a several-week rally, it is aiming for new capitalization records and adding dozens of decentralized applications (dApps) daily.

Toncoin (TON) Up 5% – Best Performing Crypto in Elite League

Today, June 13, 2024, the price of Toncoin (TON) added almost 5%. It stopped one step away from a new ATH of over $7.65, while the capitalization of Toncoin (TON) reached $18.55 billion. Recently, TON replaced veteran cryptocurrency Cardano (ADA) as the 10th largest digital asset.

TON capitalization increases by 5%
Image by Coingecko

As such, TON is the only asset in the top 20 demonstrating positive momentum and the best-performing cryptocurrency in the top 100.

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Daily trading volume has also increased: with a net trading volume of over $723 million, it becomes the 10th most traded asset, excluding stablecoins USDT, USDC, eUSD and FDUSD.

As previously reported by Guru-Investingexperienced analyst Ali Martinez indicated the possibility of a staggering 40% rally for TON price.

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Thu, 06/13/2024 – 12:30
Toncoin (TON) Set for 40% Rally, Top Analyst Says

Although the TD sequential indicator hints at a possible decline, the medium-term target for TON price action is above $11, says the top trader.

Toncoin (TON) reaches $500 million TVL milestone

Additionally, the Toncoin (TON) cryptocurrency app ecosystem achieved a series of new milestones last week. Its total value locked (TVL) metrics eclipsed $500 million.

Currently, TON hosts over 650 decentralized applications of various types. Its popularity should largely be attributed to the euphoria around “Tap-to-Earn” apps like Notcoin (NOT), Hamster Combat (HAMSTER), etc.

According to some data, TON even surpassed Ethereum (ETH) in the number of daily active addresses transacting on-chain. However, this calculation excludes L2 solutions on Ethereum Virtual Machine (EVM).

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