Toncoin (TON) is on the rise, inching closer to its record-breaking peak. In a thrilling moment, it skyrocketed to $5.6, only to settle back down at $5.24.
TON soars to new heights, reaching $5.6 on Mar. 26 and approaching its previous record high from November 2021. The highly anticipated token, linked to the popular messaging app Telegram, is now valued at a staggering $18 billion, solidifying its spot as the eleventh most valuable token in the market.
The exhilarating rise of TON’s value as it rides on the coattails of exciting developments linked to none other than Telegram, the renowned cloud messaging platform created by the innovative Durov brothers. With its widespread usage as one of the top messaging apps globally, the future looks bright for TON.
The cryptocurrency world was set ablaze when news broke of Telegram’s bold move to go public with a staggering valuation of $30 billion. The anticipation of this groundbreaking event caused a frenzy in the market, skyrocketing TON’s price from a modest $2.78 to an impressive $4.46. The future of TON is uncertain, but one thing is for sure: this announcement has sent shockwaves through the industry.
They have officially launched perpetual futures trading for TON, sending a wave of excitement through the investing community. But that’s not all, TON has also recently unveiled The Open League – a groundbreaking 30 million TON initiative designed to incentivize and reward those who actively participate in ecosystem projects.
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TON’s meteoric rise has left investors in awe, with an astounding 150% surge on a year-to-date basis. This makes it one of the hottest tokens in the market, outpacing even the renowned Bitcoin, which has only seen a 68.83% increase according to MarketWatch.