Toncoin (TON) has surged to a new all-time high, rising over 17% to $6.27 as Bitcoin surpassed $72,000. With a trading volume of $433 million, TON's market cap has reached $21.62 billion, nearing Cardano's market cap. The recent surge is attributed to various catalysts including Telegram's revenue system, the Ton Foundation's rewards program, and anticipation around Telegram's IPO. TON's bullish momentum may drive it towards the $10 mark, potentially catapulting it into the top 10 cryptocurrencies by market cap.

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