After pushing out Cardano's ADA, TON became the ninth-largest crypto by market cap. Can it maintain momentum to surpass Dogecoin next?
Toncoin (TON) flipped Cardano’s (ADA) token to become the ninth-largest cryptocurrency by market capitalization on April 9. Can Toncoin continue its parabolic rise?
Following a 13% daily price increase, TON rose to $6.65 as of 1:45 p.m (UTC), to become the ninth largest cryptocurrency with a $23 billion market capitalization, overtaking the ADA token’s $22 billion market cap, according to CoinMarketCap data.
The rally comes a day after TON Society developers set aside $5 million Toncoin to incentivize users to verify their identity using palm scanning technology. The project aims to enable digital identity verification for Telegram users over the next five years and will distribute one million TON to users participating in the proof-of-personhood program.
