Layer-1 Crypto Rallies 34% In A Week, Even As Bitcoin, Ethereum And Dogecoin Tumble
By Benzinga
Toncoin (CRYPTO:TON) has rallied over 34% in the past seven days, trading at $2.69, recorded on Monday at 12 a.m. EST.
What Happened: Apex cryptocurrency Bitcoin (CRYPTO: BTC) lost 1.20% over the past seven days, falling below the $17,000 mark, while Ethereum (CRYPTO: ETH) shed 5.02% and Dogecoin (CRYPTO: DOGE) declined by 11.60% during this period.
| Cryptocurrency | Weekly Performance | Price (Monday, 12.00 am EST) |
|---|---|---|
| Toncoin | +34% | $2.69 |
| XDC Network | +15.87% | $0.024 |
| OKB | +5.74% | $21.74 |
| UNUS SED LEO | +4.44% | $4.00 |
| BItcoin SV | +2.61% | $44.36 |
The rally in TON can be attributed after Telegram revealed a new feature where users can purchase a private, anonymous number and pay with Toncoin. This allows users to sign up for Telegram without the use of a SIM card, which was a prerequisite with other end-to-end messaging applications like Signal and WhatsApp.
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The second on the list is XDC Network (CRYPTO:XDC) up 15.87% in the past 24 hours. XDC gained a rally after it announced integration with Euro-based stablecoin (CRYPTO: EURS).
The third on the list is OKB (CRYPTO:OKX) which recorded a 5.74% spike. UNUS SED LEO (CRYPTO:LEO) was fourth on the list, gaining 4.44% and Bitcoin SV (CRYPTO: BSV) was last, up 2.61%, in the past seven days.
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