Toncoin Briefly Overtakes Dogecoin Amid 8% Rally

Toncoin (TON), a cryptocurrency created by the popular messaging app Telegram, is enjoying another bullish moment as the price of the token surged 8.4% overnight.

At the time of this writing, TON is changing hands at $2.61, a level last seen in February 2022, as the latest price action also saw the asset’s market cap soar over $10.5 billion and briefly reclaim the 10th spot in the rankings at the expense of Dogecoin (DOGE).