Toncoin is gaining attention with its meme coin projects, Dogs (DOGS) and Resistance Dog (REDO), leveraging Telegram's large user base. The hype around these coins suggests significant price swings, with top meme coins on the Toncoin network reaching a combined market cap of $593 million and daily trading volume of $479 million.

DOGS, valued at $575 million, has experienced a downtrend recently but shows signs of a short-term reversal. Crypto analyst Captain Faibik predicts a potential 40% rally if the coin retests its trend. DOGS’ community has grown rapidly, with 2.58 million holders in just ten days.

Despite legal challenges for Telegram, Toncoin continues to thrive, offering low transaction fees and high liquidity. The network recently reached a major milestone of 1 billion transactions, boosting its appeal to speculative investors.