Toncoin (TON) has made a remarkable impact in the cryptocurrency market, recently entering the top 10 cryptocurrencies by volume. Its price has surged significantly, reaching $7.78 before experiencing a slight pullback to $7.57, representing a 3.21% increase in the last 24 hours. TON's market capitalization has exceeded $18.4 billion, with a trading volume of $456 million, a 24% increase.

The rise of TON can be attributed to various factors, including the announcement of the Consumer Price Index (CPI) and the Federal Reserve's decision to keep interest rates unchanged. This news led to a boost in investor confidence, driving up demand for TON and other altcoins. Additionally, Toncoin has surpassed Ethereum in daily active users, gaining significant attention from the crypto community. Telegram's support for TON, with its vast user base of 900 million, has contributed to the fluctuations in trading volume and price increases.

The Total Value Locked (TVL) in TON has reached $1 billion, a significant milestone indicating the project's growing adoption. Moreover, the number of Toncoin wallets has grown exponentially, from 1.28 million to 8 million, demonstrating increased demand and trust in the project. This surge in adoption and demand has led analysts to predict continued growth for TON, with potential price increases of up to 40%, reaching $11.

With its current price just 2.76% away from its all-time high (ATH) of $7.78, TON may surpass this level with a new upward price movement, potentially initiated by Bitcoin (BTC). As the market watches with anticipation, Toncoin's remarkable growth story unfolds. Investors and traders are keenly eyeing TON's performance, expecting further gains in the coming days.