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Toncoin (TON) has made a strong comeback in the last few weeks, and this has raised eyebrows across the crypto space. Investing in TONs rebound shows that even in an environment with a high level of unpredictability, it is possible to generate profits as long as certain strategies and market signals are utilized. In his […]
TON traders might view the recent dip as a chance to buy low if Durovs arrest is an isolated incident.
The popular analytics platform, CryptoQuant has provided a new signal suggesting that TON is due for a volatility spike. In a recent X post, the platform focuses on the fact that TON is now in a low volatility state, but a sharp change is expected in the near future. TON has been trading at its […]
Discover TON price analysis and XRP price targets near $6.5. See why Web3 ai is drawing traders with 12 tools and a strong ROI as a top presale crypto option.
The post Web3 ai Presale Grows as XRP and TON Price Trends Rise appeared first on Kanalcoin.
The famous analytical platform CryptoQuant has revealed some stirring facts in its most recent post on X which shows that the capacity of new whales holding TON tokens between 100,000 to 1 million tokens have seen a rise tremendously. This kind of surge demonstrated significant participation from the key players within the large market which […]
Rose Premium Signals highlighted that Tonecoin (TON) has just recently been trading beneath a descending triangle pattern. A potential breakout area that is close to a steeply ascending trendline has it as the price currently sits only slightly above a demand level. This indicates that, if this demand zone holds, TON may find its way […]
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
Could it possibly reach $5 in the near future? How high can the TON price go? Let's take a look at this Toncoin price
Telegram’s own blockchain, TON, continues to enjoy impressive gains despite current market volatility. The open-source protocol has been one of the few ecosystems to stay afloat following the FTX saga. Specifically, TON posted a 3.28% gain intraday with a week-on-week rise of over 13%. TON also gained ground against the top two cryptocurrencies, Bitcoin and Ethereum. The token was seen holding up gains of 2.22% against BTC and 3.09% above ETH. Its intraday price movement is still bullish, despite dropping below its floor mid-day. Related Reading: Litecoin Shows Bullish Signs As Price Eyes $70; Will Bulls Push To This Region? Very few tokens have successfully kept substantial gains as the FTX case unfolds. However, TON has confidently left traders smiling all week and isn’t looking to stop anytime soon. The main catalyst behind TON’s rise is still Telegram’s new username auction feature. Furthermore, a leading blockchain market maker has pledged a huge amount to support the TON ecosystem. A Telegram User Paid $500,000 For The ‘Dogecoin’ Username The Telegram username auction has seen enormous trading volume despite just launching this week. Many users have struggled to get the best usernames, with some costing higher than others. However, one username has caught the attention of many members of the crypto community. As per data retrieved on November 17th, an unknown user purchased the username of the meme coin ‘Dogecoin’ for 350,000TON. This price is roughly $546,000 when converted. The username is one of the most expensive sold on the blockchain’s Fragment NFT marketplace. Specifically, it’s the 8th most expensive Telegram profile username sold on the blockchain. Its price is higher than those of @alfa, @cash, @amazon, @adidas, @gold, @armani, @dior, and even @elon. Topping the list is @auto, which a user bought for 900,000 TON. This is worth approximately $1.43 million. TON Getting $10 Million In Support From Market Maker Popular market maker DWF Labs has entered a new partnership with the TON blockchain. This new deal will see the open-source protocol getting support in the form of investments, token and market development, and exchange listing. The Durov brothers, who founded Telegram Messenger, first conceptualized The Open Network in 2018. Later, they gave it to the open TON Community, who have been sustaining and expanding it ever since. TON was created with user-friendliness and scalability in mind for quick and inexpensive transactions. DWF Labs’ investment will consist of 50 seed investments planned over the next 12 months and $10 million to support the ecosystem. All of these are intended to hasten the expansion of TON and its initiatives. Related Reading: Ep07- Moneyland – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast DWF Labs’ involvement is anticipated to boost TON’s volume across supporting platforms. This will further help to expand the number of ecosystem users. The blockchain’s trading volume is also expected to see a significant boost. As of writing, the token’s 24-hour volume was at $11,956,672, a 26.92% increase. The market maker plans to expand the trading volume further by creating an OTC market. This will enable buyers and sellers to conduct large transactions with ease. Featured image from Pixabay and chart from TradingView.com
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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