TON, AKT, AR see 15%+ increases as market steadies
As cryptocurrency prices recover, three coins in the top 100 boasted price increases of 15% or more.
According to CoinMarketCap, the total crypto market cap increased by around 2.4%. At a current valuation of $2.33 trillion, over $55.9 billion flowed in native blockchain assets in the past 24 hours.
Bitcoin (BTC) gained nearly 3%, one of the largest increases in the top 10 virtual currencies after Solana’s (SOL) 7% ascent. Both tokens were outshined by Toncoin (TON), the crypto issued by the Telegram-endorsed chain, The Open Network.
TON’s uptrend resulted in a 17% price increase, taking the token beyond $7 at press time. Additionally, Toncoin again surpassed the popular memecoin Dogecoin (DOGE) by market cap and reclaimed the eighth position among the biggest cryptocurrencies.
The Telegram-affiliated token was also gaining on Ripple’s XRP. While XRP’s market valuation was greater by nearly 20%, TON has picked up steam in the past week and risen 27%. XRP has lost over 2% in seven days.
Decentralized storage token Arweave (AR) also benefited from the market whipsaw, closing the gap between competitors like Filecoin (FIL) and Internet Computer (ICP). AR grew over 16% daily to trade for more than $44 per coin.
The day’s largest gainer was Akash Network (AKT), a decentralized cloud platform that enables users to rent and sell computing resources, with a 27% price jump.
