Toncoin is outperforming major coins despite a turbulent week for the crypto market. The coin experienced a surge of over 14% within the week, leaving traders with huge profits. Toncoin is currently trading at $1.44 per coin, a 4.68% gain in the last 24 hours.<\/p>\n
Toncoin\u2019s gains also extend to BTC and ETH as it records a substantial edge in price over both cryptos. More recently, Telegram announced<\/a> the near-completion of its username auction marketplace. The announcement also mentioned the marketplace would leverage the Ton blockchain infrastructure. This bullish news helped push Ton\u2019s price over 12% on the day.<\/p>\n TON\u2019s price jump last Thursday came as a surprise for traders and the Ton blockchain users. It was trading in the red zone, touching $1.22 at midday. However, it quickly made a reversal and jumped to $1.39. After making its 13.93% gain, it closed the trading day at $1.35.<\/p>\n This surge comes at a time when the cryptocurrency market as a whole has been doing poorly. For the first time this month, the total market capitalization of cryptocurrencies is already less than $920 billion. It might fall even lower than $910 billion by the end of the day.<\/p>\n This week also saw Bitcoin, the world\u2019s first crypto, fall below $19k. On Friday, Bitcoin fell to $18,811.51, marking a 1.25% drop from the previous day. While it\u2019s still trading in the red zone, it has climbed to $19k. Specifically, it\u2019s trading at $19,318, down 0.72% from the previous day, at press time. Ethereum also had a bloody week, despite recovering some losses today. On Friday, a unit of Ether was worth $1,278. This decreased by 1% from its early morning price of $1,292. Thankfully, it\u2019s trading at $1,348, a 24-hour increase of 1.34%. However, the battle is far from over.<\/p>\n Toncoin\u2019s price is currently trading at above $1.44. | Source: TONUSD price chart from TradingView.com<\/a><\/p>\n TON took to Twitter on October 21st to announce<\/a> its partnership with messaging app Telegram. The partnership will see both platforms creating a marketplace for auctioning off custom usernames. A few weeks ago, Telegram founder and CEO Pavel Durov proposed offering distinctive and identifiable usernames. This will allow Telegram to purchase and trade usernames on the TON blockchain-based marketplace.<\/p>\n From what we can gather from Telegram Usernames<\/a>, the platform for online auctions is nearly ready for launch. It advises that the most valuable usernames be purchased and registered in the TON blockchain\u2019s immutable record.\u00a0<\/p>\n This news was the main catalyst of Ton\u2019s price action, which saw it gain over 16%. The number of trades has also increased by more than 380%. As Telegram plans to reserve and sell off unique usernames, there has been a rise in traders\u2019 enthusiasm. Telegram also recently unveiled a TON-based functionality that paves the way for users to trade cryptocurrencies with one another.<\/p>\n Featured image from Pixabay and chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Toncoin is outperforming major coins despite a turbulent week for the crypto market. The coin experienced a surge of over 14% within the week, leaving traders with huge profits. Toncoin is currently trading at $1.44 per coin, a 4.68% gain in the last 24 hours.<\/p>\n Toncoin\u2019s gains also extend to BTC and ETH as it records a substantial edge in price over both cryptos. More recently, Telegram announced<\/a> the near-completion of its username auction marketplace. The announcement also mentioned the marketplace would leverage the Ton blockchain infrastructure. This bullish news helped push Ton\u2019s price over 12% on the day.<\/p>\n TON\u2019s price jump last Thursday came as a surprise for traders and the Ton blockchain users. It was trading in the red zone, touching $1.22 at midday. However, it quickly made a reversal and jumped to $1.39. After making its 13.93% gain, it closed the trading day at $1.35.<\/p>\n This surge comes at a time when the cryptocurrency market as a whole has been doing poorly. For the first time this month, the total market capitalization of cryptocurrencies is already less than $920 billion. It might fall even lower than $910 billion by the end of the day.<\/p>\n This week also saw Bitcoin, the world\u2019s first crypto, fall below $19k. On Friday, Bitcoin fell to $18,811.51, marking a 1.25% drop from the previous day. While it\u2019s still trading in the red zone, it has climbed to $19k. Specifically, it\u2019s trading at $19,318, down 0.72% from the previous day, at press time. Ethereum also had a bloody week, despite recovering some losses today. On Friday, a unit of Ether was worth $1,278. This decreased by 1% from its early morning price of $1,292. Thankfully, it\u2019s trading at $1,348, a 24-hour increase of 1.34%. However, the battle is far from over.<\/p>\n Toncoin\u2019s price is currently trading at above $1.44. | Source: TONUSD price chart from TradingView.com<\/a><\/p>\nToncoin Makes Bullish Reversal To Bag Over 16% Gains<\/h2>\n
Toncoin\u2019s Partnership With Telegram Causes Price To Surge<\/h2>\n
Toncoin Makes Bullish Reversal To Bag Over 16% Gains<\/h2>\n
Toncoin\u2019s Partnership With Telegram Causes Price To Surge<\/h2>\n