The altcoin scene is buzzing with excitement as several cryptocurrencies witness a notable surge, with Telegram Open Network (TON) standing out with its recent impressive performance.
Over the last 24 hours, TON’s price surged by more than 10%, propelling it into the top 10 cryptocurrencies by market capitalization. This significant achievement follows a robust week for TON, during which its value increased by 15%. According to Coingecko data, TON now holds a market capitalization of nearly $18 billion.
Altcoins Rally as Bitcoin Nears All-Time High
BNB, the native token of the Binance chain, has recently experienced a notable surge, soaring by over 11% in the past 24 hours to hit $690. This impressive rally has pushed BNB’s market capitalization back above the coveted $100 billion mark, a milestone it hadn’t reached since early December 2021.
Meanwhile, Solana (SOL) is trading at $173, marking a gain of over 5% in the last 24 hours. Avalanche (AVAX), Bitcoin Cash (BCH), and Uniswap (UNI) have also seen positive movements, rising by 4.3%, 4.8%, and 18.5%, respectively, over the same period.
While altcoins are taking the spotlight, Bitcoin is also on the rise, steadily approaching its all-time high at $71,000. This collective surge across the market hints at a potential resurgence of the “altcoin season,” a period characterized by altcoins outperforming Bitcoin.
On the other hand, Ethereum, the second-largest cryptocurrency, remains stable at $3,785, experiencing a 2% decrease over the last seven days. As of the time of writing, Bitcoin is trading slightly above $71,000, marking a gain of over 3% in the last 24 hours.
