Trending Coin: Ton
Toncoin (TON) has surged by 169% in just one month, reaching a historic high of $7.8 on March 31st. This significant growth occurred following the disclosure of news that Telegram is considering an initial public offering (IPO), with TON skyrocketing by 61% in the two days after the announcement to reach a historical peak of $4.5. This surge is attributed to the close association between Ton Network and Telegram.
Although they are now independent entities, Telegram chose this network as its Web3 infrastructure for blockchain platform development back in September last year.
Recently, Telegram introduced a new feature that allows channel owners to earn 50% of advertising revenue generated by Toncoin (TON), further boosting TON's price. After the CEO announced the ad revenue sharing plan at the end of February, TON's value increased by 25%. With the introduction of this plan, TON's price rose again by over 5%, reaching $5.48. Currently, TON has a market capitalization of $18.6 billion and ranks twelfth in token market capitalization rankings. Since the beginning of this year, TON's price has surged by over 135%, making it one of the best-performing tokens so far.
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