Toncoin recently surpassed the milestone of $7.64, sparking speculation about an imminent rise to $10. While no specific timeline has been set, analysts anticipate this increase could happen soon, driven by two key factors: the formation of a golden cross pattern and the network's growth.

TON has formed a golden cross pattern, suggesting potential for a sustained uptrend. This pattern has positioned the native cryptocurrency of The Open Network L1 blockchain to challenge Dogecoin (DOGE). Currently trading at $7.60, TON has seen a 6.70% increase in the last 24 hours, reflecting gains of 3.42% and 3.76% over the past 7 and 30 days, respectively.

As of the latest update, the 24-hour trading volume surged by 117.14%, pushing the market cap above $18 billion. Short-term forecasts are optimistic, with expectations of TON reaching approximately $9.87 within 5 days and potentially soaring to $24.87 over the next month, contingent upon breaking and sustaining the $9 resistance level.

The growth of Toncoin's network is evident in the significant increase in active wallets from 1.28 million to over 8 million, with a global user base expanding to 49 million and Total Value Locked nearing $1 billion.

Meanwhile, Dogecoin, currently priced at around $0.1434 with a market cap exceeding $20 billion, faces potential displacement from the top 10 cryptocurrencies. Toncoin, currently in 9th place, could usurp Dogecoin's position.

TON's 14-day RSI stands at 61.11, indicating a bullish trend. With 50-day SMA at $6.38 and 200-day SMA at $3.94, Toncoin appears poised for further upward movement, although cryptocurrency markets remain inherently volatile.