Toncoin Hits All-Time High Price, Flipping Cardano Out of Top 10

There’s a new entrant in the top 10 cryptocurrencies by market cap following Toncoin’s recent surge—and it’s flipped Cardano in the process.

Toncoin (TON), the token of The Open Network, is now the 10th most valuable cryptocurrency in the world according to data from CoinGecko, jumping 12% over the last day to a current price of $6.65. It’s also up 32% over the last seven days, and 132% in the past month.

TON jumped even higher to a new all-time high price of $7.06 earlier Tuesday. But the rise of the network closely associated with Telegram has pushed Cardano out of the top 10.

According to CoinGecko, TON now has a market cap of over $23 billion, making it the 10th most valuable cryptocurrency in the world, while Cardano (ADA) fell to 11th at just over $21 billion. Cardano is down 2.1% on the day at a current price of about $0.60.

First Eyeballs, Now Palms: TON Offers $5 Million for Latest ‘Proof of Personhood’ Push

Hoping to entice users to enroll in a palm-scanning, proof-of-personhood program, biometrics developer HumanCode AI and The Open Network (TON) Society—the community of developers building the TON ecosystem—are launching a one million Toncoin incentive program worth around $5 million, the groups said during the Hong Kong Web3 Festival on Monday. Focused on hand scans rather than the eye scans preferred by WorldCoin, the HumanCode project promises reliable identity verification while maintaining u...

The Open Network was originally founded in 2018 by messaging app giant Telegram as the Telegram Open Network, but the firm abandoned the project following regulatory scrutiny from the United States Securities and Exchange Commission (SEC).

Community developers continued to build out the network without Telegram’s official involvement. Gradually, Telegram has embraced the network again, which may be helping to fuel its rise over the past several months.

A self-custody TON wallet was launched for Telegram last fall, and then in February, Telegram said that it would share half of ad revenue with channel owners—and pay it out exclusively in TON. Just last week, Telegram said it would accept payments for advertising in TON, too.

‘Notcoin’ Game Token to Launch on April 20 Alongside Bitcoin Halving

Viral Telegram-based clicker game Notcoin ended its “mining phase” on Monday, as planned, the simple coin-tapping gameplay ending for the time being ahead of the expected token launch and airdrop. Now there’s a target date for the token rollout—and it’s one you might’ve seen lately if you’re following the latest Bitcoin happenings. Notcoin plans to launch its NOT token on The Open Network (TON) on or around April 20, according to a tweet Tuesday. That’s the same date that the Bitcoin halving is...

And there are buzzy things happening on the chain, too. Telegram-based game Notcoin amassed 35 million players over the last few months and is launching its NOT token on the chain on or around April 20 to reward users. The TON Foundation also recently announced a $115 million rewards and incentives push to draw users to the network.

On Tuesday, the TON Foundation announced that it has partnered with HumanCode, a palm-based verification startup, to incentivize adoption of its “proof of personhood” protocol by offering 1 million TON (about $6.5 million worth at present) in incentives.