clay coin TON/USD rallies over 11% in the last 24 hours, outshining Apex Crypto Bitcoin BTC/USD and ether ETH/USD.

What happened: At the time of writing, TON was trading at $2.42. BTC at $17,777, up 3.49% and ETH at $1,318, up 4.67% over the past 24 hours.

The rally can be attributed telegram Decision to start selling anonymous numbers based on The open network (TON). DeFiLlamathe largest TVL aggregator for DeFi, has also started tracking TON.

That Tegro team has completed testing of the Libermall NFT Marketplace on the TON testnet and intends to launch the platform on the mainnet by the end of the year, leading to a positive sentiment in the market.

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TON is currently trading above its 50-day and 200-day Simple Moving Averages (SMAs). This shows that the asset’s short- and long-term price movements are mostly positive, which indicates an uptrend in TON price throughout its trading history.

Toncoin has implemented a proof-of-stake system that is accelerating its adoption. This approach rewards investors for staking their tokens so they can benefit from them without going through the tedious process of mining.

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