Toncoin is suddenly becoming very popular and is ranked top 9 in coin marketcap with $19.10 billion. The price of Toncoin was very low but recently its price has increased a lot. Today it is priced at $5.50 and it is likely to rise further and overtake Doge and XRP to reach the top 7. But it will not overtake SOL. But its price can go up a good amount if tokens are burned. Because according to its supply they have gained considerable value and reached a much larger market cap
The rapid rise in popularity and jump to 9th rank on coinmarketcap for TON coin with $19 Billion marketcap, can be credited to its team who have delivered excellent performance in enhancing its utility as well as effectively marketing their products. It is hoped that current pace of growth will continue in coming weeks and months and Ton coin may surpass Doge coin and XRP in terms of market ranking..
I am not seeing much of a utility in ton. They are working on a unique concept that no doesn't have a market leader right now? What i am seeing is that the team is bringing more liquidity in their ecosystem coin TON which is a layer 1 blockchain and it is doing the same thing that the other layer 1 projects are doing. If your blockchain can only do what ETH blockchain is doing, then there is very little chance your blockchain will succeed in the long run. Every layer 1 project needs to have its own unique concept where it can be the market leader.