🔔 The cryptocurrency market is witnessing an impressive surge from Toncoin ($TON ), as this coin skyrocketed 20% in just the last 24 hours. The momentum behind this price increase is believed to be related to Pavel Durov, the founder of Telegram, leaving France after being allowed by the court to move to Dubai on March 13. 🌍
This event has sparked speculation that Telegram – a platform with hundreds of millions of users – will intensify the integration of the TON blockchain into its ecosystem. Dubai, with its crypto-friendly environment and non-extradition policy with many countries, is seen as the ideal "launchpad" for TON-related projects. This further strengthens the close relationship between Telegram and Toncoin, which the crypto community has long anticipated. 📈
Meanwhile, on-chain data shows a spike in the trading volume of $TON , along with a significant increase in the number of active wallets. Analysts believe this could be a signal for a long-term upward trend, especially if Telegram announces more updates related to the crypto wallet or in-app payment features. However, investors need to be cautious as the market is still affected by general volatility, with Bitcoin ($BTC) currently hovering around $84,000 after last weekend's selling pressure. ⚠️
Expert opinion: "Toncoin is making the most of the technology integration story and support from Telegram. If Pavel Durov publicly reveals the next development plan in Dubai, $TON may soon challenge the resistance level of $10 in the coming weeks," – quoted from an analyst at Cointelegraph.
🔥 Conclusion: With the current upward momentum, Toncoin is the center of attention today. Investors should closely monitor announcements from Telegram and the fluctuations of $BTC to make informed decisions. What do you think about the potential of $TON? Please leave your comments! 💬