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In accordance with information from Telegram, TON is approaching its all-time excessive worth

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Key information:
  • Ton is 15% beneath its all-time excessive worth, reached in November 2021.

  • There are possibilities of Telegram changing into a publicly traded firm.

Toncoin (TON) is the native cryptocurrency of The Open Community. Though there may be at present no official hyperlink between this community and the messaging utility, Telegram, a typical previous makes many traders affiliate each developments. Because of this, favorable information for Telegram often positively influences the worth of the cryptocurrency.

As CriptoNoticias reported on March 11, the founding father of Telegram, Pavel Durov, assures that he may think about an preliminary public providing (IPO) for his firm. That’s to say, would develop into a publicly traded firm whose shares can be traded on inventory exchanges.

That novelty drove and continues to drive the worth of TON. Within the following graph, supplied by TradingView, you may see the Toncoin worth over the last 30 days. The value improve within the aforementioned interval was greater than 130%.

To the preliminary impulse attributable to the information associated to the attainable IPO of Telegram, is added the truth that on March 19, the event workforce of The Open Community introduced a rewards program totaling $115 million.

On this program, each internet utility builders and customers of those merchandise will probably be rewarded with airdrops of the TON cryptocurrency, based on its efficiency.

It’s defined in a press release:

ยซWe have now been saying for some time that TON is right here to place cryptocurrencies in everybody's pockets. Effectively, right here you go, that is it. A easy and extremely rewarding conversion path for each sort of Telegram consumer to develop into a 'Crypto CHAD' (i.e. a cryptocurrency professional).

It is a very public experiment and we hope you’ll be part of us in making it a hit. Let's all present that cryptocurrencies don't need to be advanced. It may be simple, intuitive, very rewarding and accessible to everybody who has a Telegram account.

The Open Community growth workforce

TON is resistant to dangerous information about Telegram in Spain

Yesterday, this info portal reported that The Telegram utility was briefly banned in Spain. This was by order of the Nationwide Courtroom of Spain and the measure will probably be utilized from tomorrow, March 25.

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In accordance with what a judicial supply knowledgeable the press, the suspension comes after complaints obtained from media firms comparable to Telefรณnica, Atresmedia, EGEDA and Mediaset. Particulars that They accuse the appliance of permitting customers to add their content material with out consent.

Though โ€“ as defined at first โ€“ information associated to Telegram often impacts the worth of TON, this was an exception, because the cryptocurrency continues its upward path. TON is approaching $5.84 which, based on worth trackers comparable to CoinMarketCap, is its all-time excessive, reached in November 2021.

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