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Toncoin’s price has reached an all-time record of $7.08 recently. The cryptocurrency community has been captivated by this surge, and Toncoin is now among the top 10 crypto currencies in terms of market capitalization. The price increase of Toncoin is remarkable. The price has risen by 12% just in the past day, to $6.65. In the last seven days it has risen by 32 percent, while in the last month its price has increased 132%. Toncoin’s (TON) meteoric rise
The Open Network was established in 2018 under the name Telegram Open Network by popular messaging app Telegram. Toncoin (TON) Meteoric Rise (19659006)
Telegram Open Network was established in 2018 by popular messaging app Telegram. Telegram abandoned the project in 2020 because of regulatory concerns raised by United States Securities and Exchange Commission. Despite Telegram not being directly involved, developers within the community are actively working to expand the network. Telegram appears to have a new approach and is reengaging in the network. Telegram’s renewed engagement could be a factor in the recent growth of the network.
In the autumn of last year, Telegram released a TON self-management wallet, a move towards enhancing users’ control over digital assets. Telegram introduced a new revenue-sharing model in February by committing that half of the advertising revenue would be allocated to channel owners. Payments will only be made using TON.
The move was a shift in strategy towards leveraging TON’s ecosystem for user engagement and monetization. Telegram has also recently increased TON’s utility, allowing advertisers and other users to pay with the cryptocurrency. This further cements TON’s position within the Telegram eco-system. CoinGecko’s Crypto Ranking: CoinGecko.