Telegram Integrates TON, Boosting Token Price
The price of TON has experienced a significant surge, rising by 14% in the past 24 hours and 9% over the previous week. This increase can be attributed to the integration of Toncoin into the popular messaging app Telegram, which has exposed it to a larger user base.
Telegram announced Toncoin as its preferred blockchain for Web3 operations and integrated it into the app’s user interface. This development led to an immediate spike in the price of Toncoin, benefiting from the exposure to over 800 million Telegram users. The Toncoin Web3 wallet is now available on Telegram, with 3 million active users already integrated into the app.
In addition to this integration, NFTScan has announced its support for the TON blockchain network. This NFT explorer provides users with comprehensive NFT data search and query services, further enhancing the utility of the TON network.
TON Vote Upgrade and Funding Round
TON Vote has undergone a major upgrade that allows validators to participate in DAO governance votes using the MyTonCtrl app. Previously, validators with a majority stake in the ecosystem were unable to vote due to technical limitations. However, this upgrade now enables validators to vote using their operation wallets and a small amount of TON tokens.
TON Buyers Dominate Market
TON is currently in an uptrend, with buyers exerting significant pressure on the market. The Relative Strength Index (RSI) confirms buyer dominance, nearing the overbought zone. However, if the RSI enters this zone, buyers may consider taking profits, leading to a potential retracement phase in the coming days.
TON Turns $1.8 Resistance to Support
TON has successfully turned the $1.8 resistance level into support, indicating positive price gains. Today’s candle has broken above the $1.9 resistance level and is expected to reach the $2 mark in the near future. Investors who missed TON’s rally can consider joining the BTCBSC presale for potential short-term gains.
Missed TON’s Rally? BTCBSC Gives Investors a Second Chance
BTCBSC is a project that allows investors to participate early in potential crypto successes before price surges. It runs on the BNB Smart Chain network and offers features like security and low gas fees. Additionally, Bitcoin BSC staking provides rewards based on the percentage committed to the staking pool and the APY, offering users an eco-friendly alternative for earning rewards.
The BTCBSC presale is currently ongoing, with over $1.5 million raised out of its $3.96 million goal. Users can purchase tokens at $0.99 each, with a minimum purchase of $10 worth of tokens allowed. Staking and referrals will likely drive more users to the ecosystem and boost BTCBSC’s value and adoption.
Hot Take: The Integration of Toncoin into Telegram Boosts Token Price
The integration of Toncoin into Telegram has had a significant impact on its price, leading to a surge in value. With over 800 million users on Telegram, Toncoin has gained exposure to a massive user base, which has attracted more buyers and increased demand for the token. Additionally, support from NFTScan and the upgrade of TON Vote have further enhanced the utility and appeal of the TON blockchain network. As TON continues its uptrend, reaching new resistance levels and turning them into support, investors who missed out on its rally can consider participating in the BTCBSC presale for potential gains.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.