Important facts:
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The ton is 15% below its all-time high price reached in November 2021.
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Telegram is likely to become a publicly traded company.
TonCoin (TON) is the native cryptocurrency of The Open Network. Although there is currently no official link between this network and the messaging application, Telegram, a common past connects many investors to both developments. For this reason, favorable news for Telegram usually has a positive impact on the price of the cryptocurrency.
As CryptoNoticias reported on March 11, Telegram’s founder, Pavel Durov, assured that he may consider an initial public offering (IPO) for his company. i.e, Will become a publicly traded company whose shares will be traded on stock exchanges,
That innovation has and continues to drive the price of TON forward. In the following graph, provided by trading viewit is seen Toncoin price during the last 30 days, The price rise in the above period was more than 130%.
Adding to the initial momentum generated by news of Telegram’s potential IPO was the fact that on March 19, The Open Network’s development team made an announcement. Rewards program totaling $115 million,
In this program, both web application developers and users of these products will be rewarded air drops of TON cryptocurrencies, according to their performance.
This is explained in A release,
“We’ve been saying for a while that TON is here to put cryptocurrency in everyone’s pocket. Well, here you go, that’s it. A seamless and highly beneficial conversion path for every type of Telegram user to become a ‘Crypto CHAD’ (i.e. a cryptocurrency expert).
This is a very public experiment and we hope you’ll join us in making it a success. Let’s show everyone that cryptocurrency doesn’t need to be complicated. It can be easy, intuitive, very beneficial and accessible to everyone who has a Telegram account.
Open Network Development Team
TON is immune to bad news about Telegram in Spain
Yesterday, this information portal reported that The Telegram application was temporarily banned in Spain, This was by order of the National Court of Spain and the measure will be implemented from tomorrow, March 25.
According to informed of The suspension follows complaints received from media companies such as Telefónica, Atresmedia, EGEDA and Mediaset, a judicial source told the press. its description They accused the app of allowing users to upload their content without consent,
Although – as mentioned at the beginning – Telegram-related news usually impacts the price of TON, this was an exception, as the cryptocurrency continued its uptrend. TON is approaching $5.84 Which, according to price trackers like CoinMarketCap, is the highest level ever reached in November 2021.
