Telegram-integrated Toncoin (TON) has officially entered the top 10 cryptocurrencies by market capitalization surpassing Cardano
Toncoin (TON), incorporated with Telegram, has officially joined the top ten cryptocurrencies, marking a significant advancement or asset. Indeed, the asset achieved an all-time high and overtook Cardaon (ADA) to rank ninth among the top digital assets by market capitalization, according to CoinMarketCap.
The asset’s value is rapidly soaring, up more than 12% in the previous 24 hours. Furthermore, the asset rose to an all-time high of $7.08 early Tuesday. Although it has retreated considerably in price, it is still climbing and should continue to increase with previously announced advancements.
Toncoin (TON) Surpasses Cardano by Market Cap
Toncoin (TON), a digital asset, has gained popularity in recent months. Telegram, for example, has stated that it would use the TON cryptocurrency as its native token. As a result, these advancements have propelled it to the top of digital asset listings.
Toncoin (TON), incorporated into Telegram, has officially entered the list of top cryptocurrencies. It overcame Cardano earlier today to rank eighth on the list. Furthermore, it symbolizes the asset’s continuous ascent, which coincides with recent announcements of upgrades to its functions.
Earlier last week, the token announced a partnership with AI startup HumanCode. Furthermore, the agreement will entail working on biometric identification verification technologies.
Specifically, the two are developing palm-scanning technology to confirm users’ identities.
The Ton Blockchain made the news while giving a 1 million TON reward to people eager to use the technology to verify their identity. The news is the fundamental cause of TON’s price increase the previous day.
Over the last year, artificial intelligence and its related firms have dominated the technology industry. Toncoin’s inclusion in this biometric data sector distinguishes them. It is yet another significant step for the blockchain when paired with the Telegram connection.