Ton Application Chain and Polygon team up to launch new TON L2

Ton Application Chain and Polygon Labs say the L2 integration will bring a range of new applications, including DeFi and GameFi, to users of the TON ecosystem.

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Notcoin Rises 80% Over The Weekend, Is A NOT Explosion Coming?

Amid the market slowdown, Notcoin (NOT), the Telegram-based sensation, has shown impressive performance in the last three days. The token has skyrocketed 80% over the weekend, making investors and market watchers optimistic about its short-term performance. NOT A Lot Going On At The Moment? A month ago, Notcoin took the market by storm after soaring [...]

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Toncoin (TON) Faces Price Fatigue, Possible Drawdown Ahead Analyst

Toncoin (TON) has been one of the best-performing crypto assets in recent times, gaining by over 221% since the start of 2024. The Telegram-integrated token has particularly caught the attention of many investors, after securing a spot in the top 10 cryptocurrencies according to market cap. However, amidst TONs purple patch, a certain technical indicator has sounded the alarm for a potential decline in the coming weeks. Related Reading: Toncoin (TON) Forms Double Top Pattern, Bearish Or Bullish? Adjusted Sharpe Ratio Indicates Overvaluation For TON: Analyst According to Shiven Moodley, an analyst on data analytics platform CryptoQuant, the comparison of TONs Adjusted Sharpe Ratio to volatility reveals that the assets 7-day volatility has consistently surpassed its 30-day volatility over the past two and a half years. For context, the Adjusted Sharpe Ratio is used to calculate the excess return of an investment relative to its risk, however with the consideration of additional factors that may affect the risk-adjusted return, thus providing a more nuanced measure of an assets performance.  Data from TONs Adjusted Sharpe Ratio versus volatility analysis indicate that Toncoin experiences more frequent and significant short-term price swings compared to its long-term price movement, thus implying the asset is highly sensitive to short-term events. Moodley attributes the cause of such volatility to the speculative nature of TON as well as the rising numbers of Telegram users in DeFi and GameFi, thus forcing the significant volatility to occur at a fundamental level.  However, according to the current 180-day Sharpe Ratio analysis, TONs price could have attained a level of fatigue. Therefore, the recent profits from the assets may not be sustainable with a potential price drop expected in the near term. Given this market analysis, short-term traders are expected to capitalize on this volatility which may prove profitable but is a highly risky strategy. However, long-term investors should consider that TONs price movement over an extended period is considerably lower and stable as observed from data from the 30-day volatility metric.   Toncoin Price Overview At the time of writing, Toncoin is trading at $7.38 following a 3.36% decline in the last day. However, the token presents a positive performance on larger time scales with an impressive 17.64% gain recorded over the last seven days. TONs daily trading volume is also on the green side having risen by 11.57% and is currently valued at around $402.12 million. With a market cap of $17.96 billion, TON ranks as the ninth largest crypto asset. Featured chart from Binance, chart from Tradingview

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Toncoin (TON) Flips Ethereum In Daily Active Users, Fueling $10 Price Target Predictions

Toncoin (TON), the native token of The Open Network, experienced a 12% price drop from its recent all-time high of $7.76 over the past week, following the overall market correction led by Bitcoin (BTC).  However, despite the temporary setback, the optimistic sentiment surrounding TON and its network has led crypto analysts to speculate on a [...]

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TON Price Soars 9% On Pantera Capitals Investment, Capitalizing On Telegram User Potential

Venture capital firm Pantera Capital has invested significantly in The Open Network blockchain. The news, announced on Thursday, resulted in a 9% surge in the networks native token, Toncoin (TON), pushing its value above the $5 mark. Pantera Capital Bullish On TON And Telegram Integration In a statement, Pantera Capital expressed enthusiasm about their latest [...]

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TON Surpasses Bitcoin by 120%Heres Whos Betting Big

Open Network’s TON had a blistering rally this year, exceeding Bitcoin’s price by roughly 120%. CryptoQuant’s latest analysis shed light on which investor groups are optimistic about TON and which are more pessimistic, guiding users to make informed decisions regarding price movements. Gauging the relative price performance across multiple trading sessions, the data platform discovered […]

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Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegrams TON Network

Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network (TON), by 17% in the past 24 hours.  Tether Expands Reach To 15 Blockchains On Friday, Tether announced the launch of its USDT dollar-pegged token and Tether Gold (XAUT), a gold-backed digital token, on The Open Network. This development marks a significant move for Tether, expanding its presence to 15 blockchains.  The integration of TON with Telegram, which boasts over 900 million global users, is expected to provide a seamless and borderless experience for peer-to-peer (P2P) payments within Telegram’s user base. With the introduction of USDT and XAUT on TON, Tether aims to facilitate the easy transfer of value between users in the TON ecosystem and other blockchain networks while increasing the transfer speed and reducing costs.  Related Reading: Analyst Forecast: Litecoin Poised For $250-$300, But Can It Hold? Paolo Ardoino, CEO at Tether, expressed excitement about the launch, emphasizing their support for The Open Network’s vision of an open and decentralized internet. Ardoino stated: Were excited to bring USD and XAU to The Open Network because we support its vision of an open and decentralized internet and a borderless financial system. The launch of USD and XAU on TON will allow seamless value transfer, increasing activity and liquidity while offering users a financial experience that can match those found in the traditional financial system. This furthers our mission of powering open financial infrastructure across the blockchain space. 11 Million TON Tokens To Drive Adoption Of USDT, XAUT Meanwhile, The Open Network claims to “revolutionize” global peer-to-peer payments, allowing Telegram users to send money instantly without needing a blockchain address or downloading a new app.  Notably, USDT on TON will be complemented by fully integrated on-ramps supporting most fiat currencies globally. Additionally, integrated global off-ramps will facilitate users’ withdrawal of supported fiat currencies directly to their bank accounts or cards. The TON Foundation has allocated 11 million TON tokens as incentives to drive adoption. Five million TON will be utilized to boost rewards in USDT/TON liquidity pools across TON decentralized exchanges (DEXes) like StonFi and Dedust.  Another 5 million TON will be distributed to users who deposit USDT to the Earn campaign of Telegram’s wallet. Furthermore, withdrawals to TON from supporting exchanges such as OKEx, Bybit, and KuCoin will be free for all users until the end of June 2024. Related Reading: Bitcoin Halving Could Catalyzed $100,000 Price Surge: Bitwise CEO Ultimately, the introduction of USDT and XAUT on TON, coupled with the incentives provided, is expected to accelerate the adoption of TON and establish it as a “faster, easier and more cost-effective” cross-border payment system compared to traditional financial services, according to The Open Network’s announcement.   Toncoin Price Rallies Following the disclosure of the partnership, the Toncoin price surged, reaching a high of $8.02 on Friday. This marked the end of a sharp decline over the past week since the token achieved its all-time high (ATH) of $8.79 on April 11. After reaching the new ATH, the Toncoin price dropped to a low of $5.42 on Saturday, April 13. However, with the recent partnership announcement, the Toncoin price has regained its bullish momentum and is currently trading at $6.59.  It aims to surpass the price resistance level of $7.70, which will pave the way for reaching and surpassing the $8 mark. This would provide a favorable trajectory for the Toncoin price to conquer and exceed its current ATH. Featured image from Shutterstock, chart from TradingView.com

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Telegram CEO Responds To Concerns, Offers Solution To Restrict Companys TON Stake To 10%

The popular messaging platform Telegram has revealed its plans to sell its surplus holdings of The Open Network (TON) tokens at below-market prices. This move comes after concerns were raised about the potential centralization of TON supply due to ad payments being exclusively accepted in TON tokens.  Telegram Addresses Concentration Concerns As NewsBTC reported on [...]

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Toncoin (TON) Hits New Yearly Peaks, Surging 60% On Buzz Surrounding Potential Telegram IPO

Toncoin (TON) has experienced a notable uptrend in recent weeks, driven by significant news and announcements surrounding the popular social media platform Telegram, the latest being a potential initial public offering (IPO).  Telegram User Base Surpasses 900 Million According to his latest appearance, aside from his constant announcements through his channel on the social media platform, Pavel Durov, the CEO of Telegram, shared that the messaging app has amassed over 900 million users, up from 500 million in 2021, and is steadily approaching profitability.  Related Reading: Bitcoin Whales Are Cashing Out Amid Push To New All-Time High In an interview with the Financial Times, Durov revealed that Telegram’s introduction of advertising and premium subscription services two years ago has enabled the company to generate “hundreds of millions of dollars” in revenues. With yearly expenses at less than 70 cents per monthly user, Telegram’s financial growth is gaining momentum. Telegram is implementing various strategies as part of its ongoing efforts to generate revenue. As reported by NewsBTC, the company is planning to introduce revenue sharing with channel creators, offering them a 50% share of the marketing budget.  Additionally, Telegram is launching business accounts and a “social discovery” feature, which will reportedly facilitate user interaction and help connect individuals nearby. These initiatives aim to diversify Telegram’s revenue streams and provide additional value to its user base. Potential Valuation Exceeds $30 Billion Telegram has reportedly garnered significant interest from potential investors, with offers exceeding $30 billion in valuation. However, during the interview with the Financial Times, Durov emphasized that the company’s priority is to remain independent, and an IPO would serve as a means to democratize access to Telegram’s value. Durov stated: The main reason why we started to monetize is because we wanted to remain independent. Generally speaking, we see value in [an IPO] as a means to democratize access to Telegrams value. While Durov did not provide a specific timeline or venue for the potential IPO, two people familiar with the matter told the Financial Times that Telegram may pursue a US listing once profitability is achieved and market conditions are favorable.  Notably, the messaging app platform has already raised approximately $2 billion in debt financing through bond offerings, providing flexibility for future financial decisions. In the event of an IPO, Telegram is considering selling an allocation of stock to loyal users, similar to Reddit’s recent announcement. This approach aims to involve the community and foster a sense of ownership.  Furthermore, Telegram is exploring the possibility of a smaller equity raise to fuel its artificial intelligence (AI) ambitions, including introducing an AI-powered chatbot. The company also plans to enhance its moderation processes and deploy AI-related mechanisms to address potential issues, particularly during global elections. TON Climbs The Ranks With Telegram’s endorsement and integration of TON into the app’s user interface and introducing a new ad revenue-sharing system, Toncoin has surged 97% in the past month, marking new yearly highs for the token.  Related Reading: Number Of Ethereum Short-Term Holders Increasing Is A Bull Rally Next? In addition, Telegram’s potential initial public offering has further bolstered Toncoin’s upward trajectory, with a 20% spike in the past 24 hours, resulting in a current trading price of $4.40. On top of that, TON has climbed into the top 13 largest cryptocurrencies on the market with a capitalization of $15 billion, surpassing other major coins such as Polkadot (DOT), Polygon (MATIC) and Chainlink (LINK).  Featured image from Shutterstock, chart from TradingView.com

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Why Is Toncoin (TON) Spiking? Analysis Of The Seven-Day Chart

A bullish trend is now erupting for Toncoin (TON), which has broken over two significant resistance levels, from $2.10 on December 12th to $2.30 today. Near $2.40 is where the next resistance can be observed. According to the data from the CoinMarketcap, Toncoin (TON) has grown significantly over the past week, by over 30.62%, and […]

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How to send Crypto on Telegram – Easy Guide

In this article, we'll go over how Telegram crypto sending started, and go through a step-by-step guide on how to send crypto on Telegram.

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TON Skyrockets 25% As Telegram Unveils New Revenue Sharing Feature, Crossing $3 Mark

In a notable development for the cryptocurrency world, Telegram, the popular social media platform, has introduced an ad revenue-sharing system for channel owners on its native blockchain TON. This move has resulted in a significant 25% price spike for TON, surpassing the $3,016 mark. Previously known as Gram, TON is the native cryptocurrency of The Open Network (TON), a decentralized Layer 1 (L1) protocol. With the introduction of this new feature, Telegram aims to create a mutually beneficial ecosystem where channel owners can be financially rewarded for their efforts. Telegram Introduces TON For Channel Monetization According to Pavel Durov, CEO of Telegram, channel owners on the platform will be able to receive financial compensation starting next month. This announcement has generated considerable excitement among content creators eagerly awaiting an opportunity to monetize their channels. With a significant one trillion monthly views generated by broadcast channels on Telegram, the potential for revenue generation is immense, Durov believes. However, only 10% of these views are monetized using Telegram Ads, a privacy-focused promotion tool. Related Reading: BREAKING: Bitcoin Price Smashes Above $60,000: Are New ATHs Ahead? Telegram’s ad platform will be available to advertisers in nearly one hundred new countries in March. This expansion will allow channel owners in these countries to receive 50% of the revenue generated from ads displayed on their channels, incentivizing content creators and driving the growth of Telegram’s ad ecosystem. Telegram CEO Durov further noted:  To ensure ad payments and withdrawals are fast and secure, we will exclusively use the TON blockchain. Similar to our approach with Telegram usernames on Fragment, we will sell ads and share revenue with channel owners in Toncoin. This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins or reinvest them in promoting and upgrading their channels As announced, all transactions, including payments and withdrawals, will be settled on the TON blockchain, built by the same company that created Telegram, which reported 800 million monthly users as of July 2023. TON Bullish Momentum Points Towards Potential New ATH When the announcement was made in the early hours of Wednesday morning, TON experienced a significant spike, sending its price as high as $3.172. This level had not been seen since November 2023, when the token hit its all-time high (ATH) of $3.215. The current bullish sentiment surrounding TON, coupled with the potential for wider adoption and use, suggests the possibility of a new ATH shortly. This is further supported by the overall market entering an aggressive bullish phase. Related Reading: Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K Despite the volatility exhibited by TON, as seen on the weekly TON/USD chart, there are no significant resistance levels ahead. Therefore, the outcome of a potential new ATH depends on the ability to sustain the current bullish trend. Featured image from Shutterstock, chart from TradingView.com

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