The Toncoin price is $1.20, a change of 1.38% over the past 24 hours as of 9:11 a.m. The recent price action in Toncoin left the tokens market capitalization at $4,116,254,398.55. So far this year, Toncoin has a change of -42.65%. Toncoin is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
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The decision to add the options suggests growing investor interest in derivatives tied to alternative cryptocurrencies. TON is the native cryptocurrency of the decentralized layer 1 blockchain The Open Network.
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Telegram users can purchase blockchain-based identities by paying Toncoin and bypass the need to use a SIM card to apply for the service as previously required.
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