Cardano

Toncoin

April

Avalanche

Toncoin displaced Cardano from ninth place in ranking the largest cryptocurrencies by market capitalization. 
According to data from <a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="">CoinMarketCap</a>, Toncoin (<a href="https://crypto.news/price/Toncoin/" target="_blank" rel="">TON</a>) has overtaken Cardano (<a href="https://crypto.news/price/Cardano/" target="_blank" rel="">ADA</a>), reaching a market capitalization of $23.1 billion against ADA’s $21.5 billion at the time of writing. 
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 <img loading="lazy" decoding="async" width="1024" height="601" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-09-at-19.36.18-1024x601.png" alt="Toncoin flips Cardano&nbsp;by market capitalization, reaches new all-time high - 21"> 
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The change in the ranking of the top 10 largest cryptocurrencies by market capitalization follows along with the subsequent growth of TON, which again updated its <a href="https://crypto.news/toncoin-price-all-time-high/" target="_blank" rel="">all-time high</a> on April 9 for the second time since the beginning of the month. 
The cryptocurrency reached a high of $7.08 and is trading at $6.63 at the time of writing, up 8.6% over the past 24 hours. 
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 <img loading="lazy" decoding="async" width="1024" height="555" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-09-at-19.38.27-1024x555.png" alt="Toncoin flips Cardano&nbsp;by market capitalization, reaches new all-time high - 22"> 
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 Source: CoinMarketCap
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<h2 class="wp-block-heading" id="toncoin-makes-strides-amid-upgrades">Toncoin makes strides amid upgrades</h2> 
The price of TON has risen by more than 135% over the past month, while the price of ADA has fallen by 15%. With further decreases, the price of TON is up 183% year-to-date (YTD), while the cost of ADA is down 1.3% YTD. 
Toncoin’s update to new highs follows a series of initiatives by the TON team. The TON Society <a href="https://crypto.news/ton-society-humancode-palm-scanning-identity/" rel="">announced</a> a partnership with HumanCode, developers of AI solutions, to introduce biometric identification in the Telegram messenger. 
The TON community also announced the launch of a one million <a href="https://crypto.news/tag/Toncoin/" target="_blank" rel="">Toncoin</a> incentive program to support the implementation of the new digital verification standard. 
At the end of March, Telegram announced it would <a href="https://crypto.news/telegram-rolls-out-ton-based-revenue-sharing-system/" target="_blank" rel="">integrate</a> payments into TON positively impacted the Toncoin rate. Users can buy advertising in the messenger for an ecosystem token, and content authors can receive rewards for posting ads. 
 You might also like: <a href="https://crypto.news/toncoin-enters-top-10-crypto-by-market-capitalization-overtakes-avalanche/" rel=""> Toncoin enters top 10 crypto by market capitalization, overtakes Avalanche </a>

Toncoin flips Cardano by market capitalization, reaches new all-time high

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