One of These Top 10 Altcoins Is Not Like The Others (And It’s Toncoin)
The post One of These Top 10 Altcoins Is Not Like The Others (And It’s Toncoin) appeared on BitcoinEthereumNews.com.
Something heavy was brewing over St. Patrick’s Day in altcoin exchange markets. Among the top 10 altcoins by market cap, the 2nd biggest money maker for the 7 days ending Mar. 20 was LINK (with +10%). But Toncoin’s name-checked out this week. TON rallied a massive +37%. Toncoin (TON) is the native currency for the popular Telegram messaging app for OS, Windows, and Android. Toncoin Explained in 60 Seconds Meanwhile, Dogecoin was doing the downward dog pose the week ending Friday, Mar. 21. DOGE posted -3% gains for the 7-day period. And Cardano was making the world work better for ADA short sellers. The Layer-1 smart contract platform’s native ADA tokens were trading down by -5.3% for the week. At the same time, Solana was trading -3.76% below its level a week earlier. Overall, Bitcoin’s price flatlined for the week, and its market share among altcoins fell by 70 basis points. So what was Toncoin’s price running on this week as traders piled up TON? The following five signs played well in crypto markets over the week. 1. French Govt Returns Telegram Founder’s Passport The French government arrested Telegram’s founder and CEO, Pavel Durov, last August. France wanted to investigate Durov over alleged crimes committed by third-party users of his company’s Telegram app. Toncoin prices dropped 20% in 12 hours. But this month, markets learned that the government had returned Durov’s seized passport and allowed him to leave the country. TON skyrocketed 20% in a matter of minutes upon finding the news. 2. Heavy Hitting VCs Invest $400M in TON Durov’s release by the authorities in France was a huge morale booster and positive publicity for Toncoin. But, the Layer-1 smart contract platform also made big strides on the business front over the same calendar stretch. Meanwhile, as Toncoin’s founder left France…
Filed under: News - @ March 23, 2025 3:26 pm