You Asked for It: TON Overtakes Cardano in Market Cap 🚀
On April 9, 2024, Toncoin (TON) gained momentum, surpassing Cardano’s ADA to become the tenth-largest cryptocurrency by market capitalization. With a surge of 13%, TON hit $6.65, reaching a $23 billion market cap, exceeding ADA’s $22 billion cap.
Major Milestone for TON 🎉
- In a significant move, TON now ranks as the tenth-largest cryptocurrency by market cap, overtaking ADA.
- TON’s market capitalization stands at $23 billion, surpassing ADA’s $22 billion.
Reasons for the Surge 📈
- Developers allocated $5 million in Toncoin to incentivize users to verify their identity using palm-scanning technology.
- This move addresses the need for secure digital identity verification, fueling TON’s growth.
Partnership with HumanCode 🤝
- The TON Foundation collaborates with HumanCode to integrate advanced technology for verifying digital personhood within the TON Ecosystem.
- An incentive program of $5 million aims to encourage adoption and secure digital identities for Telegram users.
The partnership aims to enhance operations like airdrops and transactions within the TON Ecosystem by maintaining verified identities for increased security.
Impressive Performance of TON 💪
- TON has seen a surge of 122.7% in the past month, outpacing ADA’s declining price by 21.9%.
- Year-to-date, TON’s price has skyrocketed by 185%, while ADA has witnessed an 8.33% decrease.
Hot Take: TON Leading the Charge 🌟
With TON overtaking ADA in market capitalization, the crypto world is witnessing a significant shift. TON’s innovative approach to digital identity verification and strong performance reflects its growing presence in the market. Stay tuned for more updates on TON’s journey!
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