Telegram plunged into the cryptocurrency industry since he launched his own project called Toncoin (TON).
Recently, the messaging platform confirmed that its advertising business model for creators would include payment in this cryptocurrency.
This action significantly boosted the token, which reached its all-time high and entered the top 10 cryptocurrencies for highest market capitalization.
Telegram’s Toncoin reaches its all-time high
This Thursday, April 11, the cryptocurrency reached its highest price since its arrival on the market in February 2021, touching the US$7.65 per unit.
The native cryptocurrency of The Open Network grew considerably in the last month, with weekly peaks that reached 30% on averageand one accumulation of approximate profits of 200% in the last year.
As a consequence of this rally, the crypto asset achieved an additional milestone: getting among the 10 cryptos with the highest market capitalization, after displacing Cardano (ADA).
TON, Telegram’s cryptocurrency, reached its all-time high and entered the top 10 tokens with the highest market capitalization
TON, Telegram’s cryptocurrency, reached its all-time high and entered the top 10 tokens with the highest market capitalization
According to CoinMarketCap, TON now listed as the 9th largest cryptocurrencyjust above ADA, with a capitalization of US$25 millionagainst the u$22 million of Cardano.
The displacement also occurs as a consequence of a setback that ADA saw in the last monthwith falls of more than 20% since March, which is now around US$0.6 per unit.
Besides of advertising model, which distributes income generated by advertising among its usersother causes that explain the furor over TON are due to the interest shown by Yolo Investments in investing in the token, added to the debut of an exchange-traded product (ETP) proposed by 21Shares that offers exposure to it with staking rewards in the main swiss stock exchange
In addition, Telegram signed an agreement with HumanCode, a firm that develops artificial intelligence solutions, to add biometric identification on the platform.
2024-04-11 22:12:51
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