Cryptocurrency

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Toncoin

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<div class="coinjournal"> 
 Key takeaways 
 <ul> 
 <li dir="ltr"> TON is the best performer amongst the top 20 cryptocurrencies by market cap today. </li> 
 <li dir="ltr"> The coin rallied after Telegram endorsed the TON <a rel="dofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a>. </li> 
 </ul> 
 <h2 dir="ltr" id="the-ton-project-received-endorsement-from-telegram">The TON project received endorsement from Telegram</h2> 
 The messaging app Telegram has endorsed the TON network. The company chose the Ton network as its blockchain of choice for Web3 infrastructure.&nbsp; 
 Telegram announced this latest development earlier today, revealing that it would integrate the TON network into the app’s user interface.&nbsp; 
 Currently, the TON Web3 wallet is available as a standalone bot in Telegram and has more than three million registered users. The company said the feature would now be available to over 800 million users via their settings.&nbsp; 
 Furthermore, a self-custodial version named TON Space is being made available to Telegram users outside the United States. Telegram’s chief investment officer, John Hyman, said in the statement that; 
 “We are putting digital ownership rights in the hands of our entire user base. While also giving TON <a rel="dofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a>s the tools to reach our audience in the largest Web3/Web2 partnership there has ever been.” 
 This move doesn’t come as a surprise, as Telegram launched its blockchain <a rel="dofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a> in 2018. However, it was forced to abandon the <a rel="dofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a> in August 2020 following legal action from the US SEC. At the time, the US SEC accused Telegram of selling unregistered securities.&nbsp; 
 The Ton <a rel="dofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a> was picked up in 2021 by members of the community, who formed the TON Foundation to handle the <a rel="dofollow" title="project" href="https://thebittimes.com/tag/project.html">project</a>. Telegram and TON have been intertwined since then, with most of TON’s developments using Telegram as their arena.&nbsp; 
 Hyman pointed out that; 
 TON will remain a completely separate decentralized organization. Telegram will focus on providing a fantastic messenger platform. It is not getting into Web3, but recognizes the value Web3 has for its users.”&nbsp; 
 <h2 dir="ltr" id="toncoin-rallies-by-more-than-11-today">Toncoin rallies by more than 11% today</h2> 
 This&nbsp;latest <a rel="dofollow" title="Category Cryptocurrency News" href="https://thebittimes.com/cryptocurrency-news.html">Cryptocurrency News</a> has seen Toncoin (TON) rally by more than 11% in the last 24 hours. TON has become the 11th-largest cryptocurrency by market cap, outperforming the broader cryptocurrency market cap. 
 At press time, the price of Toncoin stands at $1.92. Its rally also comes as Bitcoin records positive performance for the first time this week. Bitcoin is trading above the $26k level once again after adding less than 1% to its value today. 
</div>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/toncoin-rallies-after-telegram-endorses-the-ton-project-tbt62619.html">https://thebittimes.com/toncoin-rallies-after-telegram-endorses-the-ton-project-tbt62619.html</a>

Toncoin rallies after Telegram endorses the TON project

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