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Despite the global cryptocurrency segment taking a breath, the Toncoin (TON) price shows no signs of exhaustion. After a multi-week rally, it targets fresh capitalization records and onboards dozens of decentralized applications (dApps) daily.
<h2 id="toncoin-ton-up-by-5-top-performing-crypto-in-elite-league">Toncoin (TON) up by 5%: Top performing crypto in elite league</h2>
Today, on June 13, 2024, the price of Toncoin (TON) added almost 5%. It stopped one step from a new ATH over $7.65, while Toncoin (TON) capitalization reached $18.55 billion. Recently, TON replaced veteran cryptocurrency Cardano (ADA) as the 10th largest digital asset. <img alt="TON capitalization jumps by 5%" data-entity-type="file" data-entity-uuid="9b731a27-1bc5-40b5-96fa-34b00040bfa5" src="https://u.today/sites/default/files/inline-images/49336_1.jpg">Image by <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">Coingecko</a>
As such, TON is the only asset in the top 20 that demonstrates positive dynamics and the best performing cryptocurrency in the top 100.
Daily trading volume has also increased: with net trading volume over $723 million, it becomes the 10th most traded asset, excluding stablecoins USDT, USDC, eUSD and FDUSD.
As covered by U.Today previously, seasoned analyst Ali Martinez indicated the possibility of a jaw-dropping 40% rally for the TON price.
Although the TD Sequential Indicator is hinting at potential drop, the midterm goal for TON price action is above $11, the top trader says.
<h2 id="toncoin-ton-hits-500-million-tvl-milestone">Toncoin (TON) hits $500 million TVL milestone</h2>
Also, the Toncoin (TON) ecosystem of cryptocurrency applications accomplished a number of new milestones last week. Its total value locked (TVL) metrics eclipsed $500 million.
Right now, TON is hosting over 650 decentralized applications of various types. Largely, its popularity should be attributed to the euphoria around "Tap-to-Earn" apps like Notcoin (NOT), Hamster Combat (HAMSTER) and so on.
By some data, TON even surpassed Ethereum (ETH) in the number of daily active addresses transacting on-chain. However, this calculation excludes L2 solutions on Ethereum Virtual Machine (EVM).

Toncoin (TON) Best Performing Crypto in Top 100: What to Know

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