• The recent rally allowed TON to enter the list of the top 10 cryptos. 
• The RSI was in the overbought zone, which can cause trouble. 

Toncoin [TON] has decoupled from the market as its price has rallied substantially over the last few days. In fact, the surge also allowed the coin to enter the list of the top 10 cryptos by market capitalization. Considering the volatile nature of the crypto market, is it likely for TON to remain in the top 10 club for long? 

Realistic or not, here’s TON market cap in BTC‘s terms    

Toncoin investors are rejoicing 

Over the last few days, TON has surprised the crypto market as its price skyrocketed. The coin’s value surged by more than 38% in the last seven days. In fact, in the last 24 hours alone, its value went up by over 14%.

At the time of writing, TON was trading at $2.41 with a market cap of over $8.2 billion, making it the 9th largest crypto.

The bull rally began after the news of a new partnership broke. As reported earlier, messaging app Telegram announced its official endorsement of the TON network, positioning it as the preferred blockchain for Web3 infrastructure. The user interface of Telegram’s app will easily integrate with TON.

As the news circulated, the coin’s price action turned bullish. This was surprising considering the current bearish market in which top coins like Bitcoin [BTC] an

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Author: Dipayan Mitra

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