This Altcoin Filled Pockets With One News While Bigs Are Falling! –

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.

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