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<div class="coinjournal">
 <ul>
 <li>Toncoin (TON) price rose more than 17% to hit a new all-time high</li>
 <li>TON reached highs of $6.27 on Monday as Bitcoin jumped above $72,000.</li>
 <li> Can TON hit $10 this week?</li>
 </ul>
 Toncoin (TON) is one of the altcoins to post huge gains on Monday as the cryptocurrency market savoured Bitcoin’s swift surge to above $72,000.
 The TON token rose more than 17% in 24 hours to hit a new all<a rel="noopener noreferrer nofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high of $6.26. Data from CoinGecko shows the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Toncoin is up more than 120% in the past 30 days.
 Today’s upside followed Bitcoin’s uptick that unsurprisingly lifted most altcoins, including Ethereum that traded to above $3,600 for the first time in two weeks.
 <img decoding="async" class="alignnone size-full wp-image-197636" src="https://cdn.thebittimes.com/images/2024/04/09/b00e4809e8208eb79c9047fd4f945b2b.webp" alt="" width="1074" height="545">
 As the altcoin market heats up for a potential vertical push, investors confident in what’s driving TON price higher are eyeing greater returns. In the past 24 hours, this outlook has seen Toncoin’s trading volume reach $433 million, an increase of more than 243%.
 TON’s market cap has as a result of the spike in activity increased to $21.62 billion. Toncoin is just behind Cardano (ADA) in terms of market capitalization at the time of writing. 
 According to CoinGecko data, 10th-ranked Cardano is currently at $21.64 billion.
 Another upward roar for TON bulls could see the <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a>currency flip Cardano as it enters the top 10 <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a>currencies by market cap. TON in <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> discovery could surge to the psychological $10 mark.
 <h2 id="span-style-font-weight-400-why-is-ton-price-up-today-span">Why is TON price up today?</h2>
 While Toncoin has rallied amid the broader bullish sentiment in the <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> market, a number of catalysts have helped push TON higher in recent weeks.
 Among these factors have been Telegram’s launch of a revenue system for channel owners, with the ad sharing payouts in TON. The Ton Foundation also unveiled a rewards program offering up to $115 million to the community.
 The TON token also surged amid sentiment around Telegram’s IPO.
 This week’s gains come as Toncoin developers and contributors announced plans to distribute 1 million TON to participants in a new initiative. 
 As TON blockchain shared via X on Monday, a digital identity (ID) project is in place and voluntary participants will benefit from the giveaway in the next five years.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/toncoin-ton-price-hits-a-new-all-time-high-tbt84848.html">https://thebittimes.com/toncoin-ton-price-hits-a-new-all-time-high-tbt84848.html</a>

Toncoin (TON) price hits a new all-time high

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