Telegram’s Toncoin Flips Cardano Out Of Top 10, Is Dogecoin Next?
Summary
Toncoin (TON) surpassed Cardano (ADA) to become the ninth-largest crypto token by market cap, hitting a new all-time high of $7. Its bullish momentum is attributed to integration into Telegram, with potential for further growth through the upcoming Notcoin launch. TON's market cap is $23 billion, close to Dogecoin's $27 billion, and its recent outperformance of DOGE suggests it could soon flip it to become the eighth-largest crypto token. However, TON's tokenomics, with 93.20% of its circulating supply held by the top 100 holders, raises concerns.
