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Toncoin (TON), the native cryptocurrency of The Open Community, is now the tenth largest digital asset by market cap—and on Tuesday, it briefly overtook Dogecoin because the ninth largest cryptocurrency by that metric.
Using on the again of stories final week {that a} self-custodial digital pockets had launched on in style messaging app Telegram, TON is now up greater than 31% up to now seven days, making it the best-performing asset within the prime 100 cryptocurrencies throughout that span.
TON is correct now buying and selling fingers for $2.45, in keeping with CoinGecko. TON, which runs on the proof-of-stake blockchain, was launched by messaging app Telegram again in 2018.
However following an SEC lawsuit, Telegram deserted the venture. It has since been taken over by the TON Basis and permits customers to ship commission-free crypto transfers to different Telegram customers.
The Open Community has a bunch of different options, together with TON Storage, TON Proxy (a decentralized VPN service), and the TON naming system. Customers pay for these merchandise with the TON token.
Regardless of being a sleepy previous 24 hours, many of the crypto market is up up to now week. Bitcoin, the biggest digital asset by market cap, has jumped by almost 4% in seven days. It’s at the moment buying and selling for $27,204 per coin, in keeping with CoinGecko.
Ethereum, the second largest cryptocurrency, is priced at $1,629, down 1.2% in 24 hours however up 1.3% over the previous seven days. And Dogecoin, the unique meme coin and a favourite of Twitter proprietor and Tesla CEO Elon Musk, is down almost 1% up to now 24 hours however up 1.8% up to now week.
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