As reported by U.Today, Toncoin (TON) has surpassed Dogecoin (DOGE) in market capitalization to become the eighth largest cryptocurrency by market capitalization. Toncoin has risen 16.1% in the past 24 hours to $7.10. This brings its weekly gains to 28.3%, while DOGE has fallen 19.1% in the same period. Currently, Toncoin has a market capitalization of $24,497,306,751, surpassing Dogecoin's $24,015,338,443. Although the gap between the two is narrow, it is unclear whether TON can maintain its lead over DOGE. However, this rare feat has undoubtedly made members of the Toncoin ecosystem happy. Since the beginning of the year, Toncoin has been on a parabolic rise, with a year-to-date growth rate of 205.7%, far exceeding Bitcoin's 57.13%. Toncoin has strong ambitions and may surpass XRP in the long run. In addition, Toncoin's unique technology has helped it expand the decentralized applications built on it, and its close association with Telegram has also been a factor driving its growth. Overall, the Toncoin ecosystem has many ambitious users who form a close-knit community that drives innovation on the network.