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 <p class="is-style-lead">Toncoin, the native crypto of The Open Network, witnessed a 13% amid news on Telegram messenger <a rel="noopener noreferrer nofollow" title="support" href="https://thebittimes.com/tag/support.html">support</a>. TON aims to reach 30% of Telegram users by 2028.</p> 
 <p>The native cryptocurrency of The Open Network, Toncoin (TON), <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has finally gained traction after a week of downward movement. The rally comes as the layer-1 network witnessed a notable incline in development activity.</p> 
 <p>TON gained 13% in the past 24 hours and is trading at $1.92 at the time of writing. The asset’s market cap currently stands at $6.58 billion, making Toncoin the 11th largest cryptocurrency.</p> 
 <p>Per data provided by Santiment, TON’s 24-hour trading volume saw a 73% rise, reaching $49.6 million.</p> 
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    TON price, social volume and whale activity – Sept. 13 | Source: Santiment 
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 <p>Moreover, the development activity of TON rose by around 5% over the past week.&nbsp;</p> 
 <p>According to a tweet by TON Daily News, Telegram Messenger now <a rel="noopener noreferrer nofollow" title="support" href="https://thebittimes.com/tag/support.html">support</a>s Toncoin, allowing the 800 million Telegram Wallet users to utilize TON. However, the tweet suggests that the menu integration will not be available for users in the U.S.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">The @ton_blockchain $TON Foundation together with @Telegram announced their partnership within the framework of the #TOKEN2049 conference.<br><br>Main points on cooperation:<br><br> @wallet_tg will have direct access to 800 million messenger users via menu integration (except for the… pic.twitter.com/xMkjFN4Zft</p>— TON Daily NEWS (@TonDailyNews) September 13, 2023 
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 <p>TON aims to reach 30% of 800 million Telegram users by 2028.</p> 
 <p>On the other hand, Toncoin’s social volume has been constantly declining since Sept. 10, registering a 45% drop over the past three days.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> TON Foundation launches in Switzerland as a non-profit organization 
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 <p>The asset’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> significantly rose around 39% over the past month. Crypto.news report on Aug. 29 shows the interest in Toncoin mostly came from small investors despite the market-wide bearish sentiment.</p> 
 <p>Santiment’s data shows that TON whales have not been active over the past month. Per the data, only 27 transactions of at least $100,000 worth of Toncoin have been completed since Aug. 13.</p> 
 <p>The total amount of TON in exchanges has also been sitting at the 1.53 million tokens mark since Sept. 3. Toncoin investors could be looking for long-term investments.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> TON Space, a self-custody wallet in Telegram, available for developers 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/toncoin-price-hikes-by-13-amid-telegram-support-tbt62544.html">https://thebittimes.com/toncoin-price-hikes-by-13-amid-telegram-support-tbt62544.html</a></p>

Toncoin price hikes by 13% amid Telegram support

TheBitTimes

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