In what is a massive development or asset, the Telegram-integrated Toncoin (TON) has officially entered the top 10 of all cryptocurrencies. Indeed, the asset reached a new all-time high and surpassed Cardaon (ADA) to take the ninth spot on the list of the top digital assets by market cap, according to CoinMarketCap.
The asset is currently surging in value, increasing by more than 12% over the last 24 hours. Moreover, the asset reached an all-time high of $7.08 early Tuesday. Although it has retreated somewhat in price, it is still on the upswing and should continue to increase alongside recently announced developments.
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Toncoin (TON) Jumps Cardano For Top 10 Listing Amid ATH
The digital asset Toncoin has enjoyed increased momentum over the last several months. Specifically, the messaging platform Telegram announced its decision to move to the TON cryptocurrency as the native token for its platform. Subsequently, these developments have led to its ascension to the top digital asset lists.
Indeed, the Telegram-integrated Toncoin (TON) has officially entered the top cryptocurrencies. It surpassed Cardano earlier today to take the ninth spot on the list. Moreover, it represents a continued ascension for the asset, alongside recent announcements regarding some changes in its functionalities taking place.
Also Read: Binance to List Telegram (TON) Token as Price Jumps 10%
Earlier this week, the token announced that it would be partnered with AI company HumanCode. Moreover, that partnership would involve collaborating on biometric identity verification technology. Specifically, the two are working to create palm-scanning technology to validate the identities of users.
The Ton Blockchain made the announcement while offering a 1M TON incentive to those who are willing to verify their identity with the technology. Currently, the announcement appears to be the primary reason why TON has surged in price over the last day.
Artificial Intelligence and companies working in the sector have dominated the tech industry over the last year. For Toncoin, integration into this biometric data field positions them as unique. When combined with its Telegram integration, it is yet another positive development for the blockchain.