TON Foundation Attributes Toncoin Rise To Growth Of Ecosystem (CORRECTED)
Portfolio Pulse from Khyathi Dalal
The TON Foundation reports significant growth in Toncoin (TON), attributing it to its increasing integration within Telegram, which boasts over 800 million users. TON's value surged by 54% in the past month, reaching an all-time high of over $7 and entering the top 10 cryptocurrencies by market capitalization. This growth is linked to Telegram's advertising revenue-sharing system and the Open League program, both of which utilize TON. Additionally, the TON Foundation's collaboration with HashKey Group to facilitate fiat to digital asset conversion in the Asia Pacific region and the introduction of a new identity verification system are highlighted as key developments.
April 16, 2024 | 6:30 pm
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Toncoin's value has significantly increased, attributed to its integration within Telegram and the launch of the Open League program, alongside strategic partnerships and new technological developments.
The surge in TON's value is directly linked to its integration within Telegram, a platform with over 800 million users, and the launch of the Open League program. These factors, combined with strategic partnerships and the introduction of new technologies like the identity verification system, significantly contribute to its growth and market position.
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