Charted: Don't sleep on toncoin
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Toncoin, the cryptocurrency from The Open Network, which is closely associated with the giant messaging app, Telegram, hit an all-time high Friday.
Why it matters: Toncoin's blockchain has basically the same features as Ethereum, a speediness akin to Solana and privileged access to one of the biggest apps in the world.
- Notably, crypto people have been heavy users of Telegram since the 2017 ICO boom, when it became the go-to way to communicate with masses of fans.
By the numbers: Its price has very nearly quadrupled since the year began.
- It's up on the rankings, too. It was in 15th place globally on Dec. 31, but now it's 9th on CoinMarketCap.
The latest: Extremely simple mini-games in the app are driving droves of attention to the toncoin ecosystem now.
💠Our thought bubble: Toncoin is going to be the next Solana — that is, the project for those betting on the distributed future who primarily care about speed and volume
