Growth in its DeFi ecosystem and the upcoming Binance Launchpool addition have put wind in Toncoin’s sails.
Toncoin (TON) price has posted significant gains over the last 10 days, reaching its highest levels in almost four weeks as crypto traders assessed a slew of optimistic updates in its ecosystem, including landing a spot on the Binance Launchpool.
Data from Cointelegraph Markets Pro and TradingView shows that TON rose from a low of $4.78 on Aug. 5, climbing more than 51% to reach an intraday high of $7.26 on Aug. 14. At the time of publication, TON was trading at $6.98, up 10% over the last 24 hours.
TON is now the 8th-biggest cryptocurrency, with a market capitalization of over $17.67 billion. The more than 90% jump in the 24-hour trading volume attests to the intensity of the demand-side activity.
