How Did Toncoin Surpass Avalanche?

Krutika Adani

Toncoin surpassed Avalanche to become the 10th largest crypto by market cap.

The 5% surge in the price of TON was accompanied by a 50% upside in trading volume.

The rise is attributed to the $30 billion valuation at which Telegram brings its IPO.

TON is very closely associated with Telegram, which indeed established the cryptocurrency.

Charts suggest that the growth might continue even further to $7.