BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Toncoin is About to Flip Dogecoin and Here is Why

by Conie
April 11, 2024
in Crypto
A A
Toncoin is About to Flip Dogecoin and Here is Why

xr:d:DAGCJyTkwyQ:5,j:1030622996909874142,t:24041123

2
SHARES
Share on TwitterShare on Reddit
  • Toncoin, the cryptocurrency initially developed by Telegram, is inching closer to the market capitalization of Dogecoin, the popular meme coin.
  • The recent surge in Toncoin’s value is likely helped by rumors of Telegram going public through an initial public offering (IPO).
  • Toncoin’s technical analysis indicates a strong bullish trend, but it may be nearing a bearish correction as the coin appears to be overbought.

Toncoin, the cryptocurrency initially developed by Telegram and then handed to the open source community, is inching closer to surpassing the market capitalization of OG meme coin Dogecoin. This comes amid a massive surge for Toncoin over the past month.

Toncoin’s Recent Price Surge

Toncoin has experienced a significant surge in the last day, increasing by 731% and bringing its market cap to a massive $25 billion – just $2 billion shy of Dogecoin’s $27.6 billion.

The coin started the day at $0.67, peaked at an all-time high of $0.88 on Bitfinex, and has since corrected to its current price of $0.71. This represents an 8% increase in the last 24 hours, 40% in the last week, and a staggering 125% in the last 30 days.

Factors Contributing to Toncoin’s Growth

The recent spike in Toncoin’s value is likely helped by rumors of Telegram going public – a development predicted by highly influential accounts in the crypto space.

JUST IN: Toncoin $TON is $2.7 billion away from flipping Dogecoin $DOGE as the 8th biggest crypto in the world pic.twitter.com/0sBOhmIHFD

— BlockNews.com (@blocknewsdotcom) April 11, 2024

The rumors of a possible initial public offering (IPO) have been around for a while. Back in March, Telegram CEO Pavel Durov told Business Insider that his company had been offered $30-billion-plus valuations from potential investors but that he’s more interested in launching a direct initial public offering.

Another factor contributing to Toncoin’s popularity is the Notcoin game. It boosted Toncoin’s popularity by rewarding users who engaged with the TON ecosystem through installing a wallet, purchasing NFTs, upgrading Telegram accounts, and using other TON-based projects.

Toncoin’s Technical Analysis

Subjected to a technical analysis, Toncoin looks bullish but could be nearing a bearish correction. Its Relative Strength

Tags: cryptoDogecointoncoinWeb3
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Spot Altcoin ETFs Nearing Approval as SEC Engagement Boosts Optimism
Crypto

Spot Altcoin ETFs Nearing Approval as SEC Engagement Boosts Optimism

June 20, 2025
XRP Stuck Below $3 as Network Activity and Open Interest Decline
Crypto

XRP Stuck Below $3 as Network Activity and Open Interest Decline

June 20, 2025
Elon Musk Sparks Brief PEPE Rally With Another Meme Post
Crypto

Elon Musk Sparks Brief PEPE Rally With Another Meme Post

June 20, 2025
XRP Holds Steady Near $2.15 as Market Stagnation Drags On
Crypto

XRP Holds Steady Near $2.15 as Market Stagnation Drags On

June 20, 2025
XRP Positioned for Breakout Amid Global Uncertainty, Analysts Say
Crypto

XRP Positioned for Breakout Amid Global Uncertainty, Analysts Say

June 20, 2025
XRP at a Crossroads: Only Two Ways This Can Go
Crypto

XRP at a Crossroads: Only Two Ways This Can Go

June 20, 2025
Load More

Related News

Spot Altcoin ETFs Nearing Approval as SEC Engagement Boosts Optimism

Spot Altcoin ETFs Nearing Approval as SEC Engagement Boosts Optimism

June 20, 2025
XRP Stuck Below $3 as Network Activity and Open Interest Decline

XRP Stuck Below $3 as Network Activity and Open Interest Decline

June 20, 2025
Vladimir Putin Says Global Tensions Edge Toward World War III

Vladimir Putin Says Global Tensions Edge Toward World War III

June 20, 2025
Elon Musk Sparks Brief PEPE Rally With Another Meme Post

Elon Musk Sparks Brief PEPE Rally With Another Meme Post

June 20, 2025
XRP Holds Steady Near $2.15 as Market Stagnation Drags On

XRP Holds Steady Near $2.15 as Market Stagnation Drags On

June 20, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.