Telegram Chooses Toncoin (TON) for Web3, Sparks 11% Surge

Telegram chooses Toncoin (TON) for Web3, sparking an 11% surge. Telegram has picked the TON project as the preferred blockchain for Web3 infrastructure, giving it official backing. As part of their goal, more than 800 million users can access the TON Web3 wallet through the app. In addition to encouraging significant Web3 and Web2 collaboration, Telegram’s Chief Investment Officer, John Hyman, is committed to granting users digital ownership rights.

While some big announcements will be made in a few days, we are already supporting $Ton across our entire payment infrastructure. E.g. you can pay for your coffee via @wallet_tg directly in @telegram. @ton_blockchain @toncoin pic.twitter.com/IFS5IYwrJD

— Victor Ammer (@victor_ammer) September 11, 2023

See Crypto experts’ opinions on AVAX at X.

The fact that TON has received Telegram’s endorsement is a big development for the project and will likely encourage future growth and adoption. This choice was because of legal concerns that caused Telegram to abandon its blockchain project in 2018 over claims that it was selling unregistered securities. With a significant 11% growth rate, Toncoin (TON), valued at $1.92 per token, is currently the 11th-largest cryptocurrency by market capitalization. This rising tendency is projected to continue.

Watch to discover more about TON/USD market.

Toncoin Key Levels to Watch: September 13

The bearish trend in the market has ended as the price invalidated the diagonal resistance. The market’s direction has been bearish since the bounce off the $2.61700 resistance in the year’s first quarter.

Following the price rejection at the $0.99800 support, TONUSD surged aggressively to the upside. Throughout June and July 2023, the market reached a plateau at $1.52000 before spiking in August.

Toncoin Critical Levels

Resistance Levels: $1.77000, $2.61700, $2.91800
Support Levels: $1.15300, $0.99800, $0.70000

Total Market Capitalization: $1.01T
Toncoin Market Capitalization: $7.29B
Toncoin Volume: $42.68M
Market Rank: #11

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.