Toncoin, the native coin of The Open Network (TON) and the Telegram ecosystem, is performing better than several of its counterparts. The coin has outshone Bitcoin (BTC), Ripple-associated XRP and Dogecoin (DOGE).few days ago, the crypto market experienced a significant plunge, with the price of leading digital assets like Bitcoin testing the waters below $50,000. Since then, Bitcoin has recovered a significant portion of its market value, but it is currently not performing as high as TON.
Based on data from CoinMarketCap, BTC is currently trading at $60,789.63, corresponding to a 0.32% increase in the last 24 hours. On the other hand, Toncoin has registered a price gain of 3.77% within the same time frame and is trading at $6.72. In the last seven days, TON has equally seen an upside, recording as much as 9.42%.
Considering how TON lost a significant amount of its value at the beginning of the week, this is an applaudable outlook for the coin. Bitcoin has yet to recover fully, as it has had a 1.5% deficit in the last seven days.
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