While market giants Bitcoin and Ethereum rose around 1%, a Telegram-supported altcoin project rallied with one news. Its traders are enjoying 50% gains over the last two weeks.
Telegram’s yen feature blows linked altcoin project
Telegram-backed cryptocurrency Toncoin (TON) has been on the rise with a recent news from its founder Pavel Durov. Telegram founder announced that they are working on a new solution for anonymous phone numbers. These studies emerged as part of decentralized solutions in early December. The TON price then gained over 50% in the two-week timeframe.
Its rally comes at a time when the broader cryptocurrency market is experiencing extreme volatility. Bitcoin has moved relatively sideways during this two-week period. It has taken action again, gaining around 2% in the last 24 hours. TON, on the other hand, is trading around 12% in the green in the same period.
Telegram’s blockchain efforts curtailed by regulatory pressure
As a reminder, The Open Network (TON) is the brainchild of the Telegram development team, which it had to abandon years ago due to SEC pressure. Since then, the TON ecosystem has been integrating various innovations with Telegram regularly. In early December, its founder, Durov, had begun creating fledged decentralized solutions. Then, the Fragment platform started bidding for anonymous phone numbers for Telegram. Numbers sold for TON have a dialing code of +888. These are also Blockchain-based NFTs of the same name. Their main purpose is that they can be used to sign up for a relatively anonymous Telegram account.
Toncoin also cooperates with various payment method systems. The most recent of these was its integration with the SafePal wallet.
SafePal will support Toncoin
In a November 17 company blog post, SafePal announced that it will be the first wallet to support the Toncoin network before the end of the year. The official announcement included the following statements:
We are pleased to announce that SafePal will be the first example of native hardware wallet integration for TON. With this integration, TON users can store, send and receive Toncoins on the Open Network more securely and seamlessly.
Meanwhile, the development of TON takes place in complete isolation. The developers have delayed the testnet launch and milestones several times. Testnet launched in January 2019, with a six-month deviation from the plan. In May, the company released the light version of the TON network client. In September, he published the complete source code for TON nodes on GitHub, making it possible to launch a full node. The TON mainnet launch goes into effect on October 31st. More about Toncoin cryptocoin.comYou can find it from this article.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.