Toncoin (TON) has soared over 40% in the past week, currently trading at $2.42 – a level not seen since mid-April.
This impressive price rise has pushed TON into the top 10 cryptocurrencies by market cap, showcasing its growing momentum and the increasing confidence from investors.
However, it’s not just Toncoin that has been catching the eye, as the new crypto Bitcoin BSC (BTCBSC) has also been making waves in the market.
The Rise of Toncoin – How It Became a Top-10 Cryptocurrency
Originating from the creators of the popular messaging platform Telegram, Toncoin was initially created to be the native cryptocurrency of the Telegram Open Network (TON).
This multi-blockchain platform aimed to offer low-cost crypto transactions while remaining highly scalable.
However, Telegram faced significant regulatory hurdles from the SEC and distanced itself from the project – yet a passionate community of supporters opted to take up the reins.
Since then, this community has driven Toncoin’s development and adoption, transforming it into a major player in the crypto market and rebranding it as “The Open Network.”
According to CoinMarketCap, TON now boasts a market cap of $8 billion, higher than the likes of Solana, Litecoin, and Shiba Inu.
Moreover, as noted by Etherscan.io, 7,200 unique wallet addresses now hold TON – a figure that has increased significantly in the past week.
This rise in adoption indicates a growing trust in Toncoin, solidifying its position as one of the world’s top cryptocurrencies.
Toncoin’s Telegram Integration Provides Impetus for Price Rise
One of the main catalysts driving Toncoin’s recent price rise is its integration with Telegram.
The Telegram platform, which boasts over 800 million users, integrated The Open Network’s self-custodial crypto wallet, named “Ton Space”.
As noted in an article from Forbes, this move provided the ability for Telegram’s massive user base to make transactions using TON.
With such a vast audience now having direct access to TON, investor confidence has skyrocketed, leading to the recent surge in the coin’s value.
TON has closed in the green in three of the last four weeks, demonstrating consistent positive momentum while the broader crypto market struggles.
Given that Telegram’s user base is continuing to grow, the integration of TON sets the stage for further price growth in the months ahead.
Which Other Cryptos Are Also Gaining Market Traction?
While Toncoin’s rise is making headlines, it’s not the only crypto gaining market traction.
Bitcoin BSC is also garnering significant investor attention due to its unique use cases and growing communities.
Stake-to-Earn Coin Bitcoin BSC Goes Viral & Raises $2.7 Million
Bitcoin BSC (BTCBSC) aims to capture the sentimentality surrounding Bitcoin’s early days while leveraging the power of updated blockchain technology.
At its core, Bitcoin BSC is a greener version of Bitcoin, built on the Binance Smart Chain, that utilizes a Proof-of-Stake (PoS) protocol instead of power-hungry mining.
Thanks to this setup, BTCBSC holders can stake their tokens to earn regular rewards – with yields currently set at 193% per year.
Over 1.3 million BTCBSC have already been staked, a testament to the token’s growing popularity within the crypto community.
Staking rewards are released every 10 minutes, with Bitcoin BSC’s whitepaper revealing that a whopping 69% of the total token supply has been allocated to the staking pool.
A further 29% has been earmarked for the ongoing presale, which has raised an impressive $2.7 million in just over two weeks.
Interested investors can buy BTCBSC tokens for just $0.99 during this presale before their official launch on public exchanges in the coming weeks.
This appealing setup has piqued the interest of some big names in the crypto influencer community, with Joe Parys Crypto, who has over 382,000 YouTube subscribers, describing it as one of his “top 5 Bitcoin alternatives under $100”.
Time will tell whether BTCBSC can live up to its growing hype, but for now, it stands as a promising project that investors may wish to monitor.
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