Toncoin Tops Crypto Gainers As XRP Nears Multi-Year Highs

Toncoin leads with 4.89% gain, topping daily crypto performance charts.

Gold-backed tokens PAXG, XAUt rise over 2% amid macroeconomic uncertainty.

XRP climbs to $2.98, maintains post-SEC settlement momentum.

Toncoin (TON) led all major cryptocurrencies in daily gains, ending the last 24 hours with a 4.89% increase and trading at $3.59. The latest market data, posted by attorney John Morgan, showed price movements across a variety of digital assets, showing selective recovery amid broader consolidation in the crypto market.

Following TON, Litecoin (LTC) registered a 2.70% uptick to reach $107.02. LTC’s positive price movement came amid recent volatility, which analysts attribute to increasing on-chain activity and address-level accumulation.

Memecoin PENGU ranked third in daily gains, rising 2.57% to trade at $0.03. The token has seen fast-paced listings on decentralized platforms and has shown short-term traction in recent sessions.

Gold-Backed Tokens Maintain Momentum

Gold-linked digital assets remained among the day’s top performers. PAX Gold (PAXG) climbed 2.05% to $3,363.70, while Tether Gold (XAUt) increased 2.03%, reaching $3,359.82. These movements occurred due to ongoing macroeconomic concerns, which have historically contributed to heightened demand for asset-backed cryptocurrencies.

XRP recorded a 1.87% gain, ending the day at $2.98. The token continues to show positive momentum in the following days of its legal settlement with the U.S. Securities and Exchange Commission earlier this year.

Other price changes included NEXO, which advanced 0.97% to $1.30, and TRON (TRX), which saw a 0.70% rise to $0.33. FORM added 0.68% to trade at $3.77, while FDUSD, a stablecoin, posted a marginal gain of 0.01%, holding its value at $1.00.

Despite the day’s mixed performances, large-cap and commodity-backed assets were high on the gainers’ list. Market analysts believe this indicates that investor activity remains limited in lower-risk areas of the crypto market.