Altcoins Gain, TON Gains 10% to Become the 10th Largest Cryptocurrency
The cryptocurrency market is abuzz as altcoins surge.
Telegram Open Network (TON) has seen impressive gains recently.
TON’s price has risen by more than 10% in the past 24 hours, propelling the cryptocurrency into the top 10 cryptocurrencies by market cap. This impressive achievement comes after a strong week for TON, which has seen its value increase by 15% in the past seven days. According to Coingecko, TON’s market cap is now close to $18 billion.
Bitcoin Nears All-Time Highs, Altcoins Gain
Binance Chain’s native token BNB has also experienced a sharp rise, rising by more than 11% in the past 24 hours to $690. This impressive rise has pushed BNB’s market cap back above the coveted $100 billion mark, a level not reached since early December 2021.
Solana (SOL) is trading at $173, up more than 5% in the past 24 hours. Avalanche (AVAX), Bitcoin Cash (BCH), and Uniswap (UNI) are up 4.3%. They are up 4.8% and 18.5% respectively in the past 24 hours.
While altcoins have stolen the limelight, leading cryptocurrency Bitcoin is not far behind. Bitcoin has also been steadily rising, reaching $71,000, close to its all-time high. The collective surge in the market suggests that the "altcoin season" may be resurgent, with altcoins outperforming Bitcoin.
On the other hand, the second-largest cryptocurrency Ethereum is stable at $3,785, down 2% in the past seven days. At the time of writing, Bitcoin is trading just above $71,000, up more than 3% in the past 24 hours.
