Toncoin (TON) is currently outperforming all other cryptocurrencies in the top 100 by market capitalization on a weekly basis. With a price increase of around 50% within the last seven days, the token is the undisputed leader, followed by Stacks (+16%) and Bitcoin SV (+14%).<\/p>\n
Over the last 24 hours, Toncoin is writing a whopping 21% gain. While it was trading<\/a> at $1.86 on Sunday, the cryptocurrency was trading for $2.86 at press time.<\/p>\n In the last 24 hours alone, the trading volume has skyrocketed 83%, to $95.4 million. On the daily chart, TON is thus approaching its all-time high of $3.26.<\/p>\n The reason for the recent pump of the Toncoin could be a feature of Telegram, which was announced last week.<\/p>\n Pavel Durov himself, the founder and head of the popular messenger, introduced a feature for Telegram that allows users to buy an anonymous phone number with the token and create an account with it.<\/p>\n Related Reading: VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023<\/a><\/p>\n On December 07, the Telegram Messenger team launched the sale of virtual numbers with the +888 prefix, which exist as collectible on the The Open Network blockchain.<\/p>\n Users can log in to the Fragment platform with the TON blockchain-backed anonymous numbers and enjoy \u201cultimate privacy.\u201d<\/p>\n Fragment is a decentralized auction platform founded by Durov. It sells the anonymous numbers compatible only with Telegram. Purchases are transacted on the platform using The Open Network Telegram token.<\/p>\n Related Reading: Senator Lummis Claims Pouring Retirement Funds In Bitcoin Is Still A Good Idea<\/a><\/p>\n These numbers can then be used to chat completely anonymously, but not to call or register with third-party services.<\/p>\n In addition, purchased numbers can be stored in a regular Toncoin wallet, transferred to other users, and offered for sale on marketplaces, just like any other NFT on the The Open Network blockchain.<\/p>\n +888 8 888 Is The Most Popular Telegram Number<\/p>\n Some numbers are so popular that they are auctioned on Fragment for over $100,000. The most popular number is +888 8 888, for which 38,290 TON, the equivalent of about $103,000, are currently being bid.<\/p>\n The auction runs for a little more than six days.<\/p>\n The Open Network is the brainchild of the Telegram development team, which was forced to abandon<\/a> the blockchain solution due to pressure from the U.S. Securities and Exchange Commission (SEC) in June 2020.<\/p>\n The SEC forced Telegram to pay $1.2 billion in raised funds back to investors and pay an $18.5 million fine to settle the SEC charges.<\/p>\n Since then, the TON ecosystem has evolved as a standalone ecosystem and regularly integrates innovations into the Telegram messenger.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Toncoin (TON) is currently outperforming all other cryptocurrencies in the top 100 by market capitalization on a weekly basis. With a price increase of around 50% within the last seven days, the token is the undisputed leader, followed by Stacks (+16%) and Bitcoin SV (+14%).<\/p>\n Over the last 24 hours, Toncoin is writing a whopping 21% gain. While it was trading<\/a> at $1.86 on Sunday, the cryptocurrency was trading for $2.86 at press time.<\/p>\n In the last 24 hours alone, the trading volume has skyrocketed 83%, to $95.4 million. On the daily chart, TON is thus approaching its all-time high of $3.26.<\/p>\n The reason for the recent pump of the Toncoin could be a feature of Telegram, which was announced last week.<\/p>\n Pavel Durov himself, the founder and head of the popular messenger, introduced a feature for Telegram that allows users to buy an anonymous phone number with the token and create an account with it.<\/p>\n Related Reading: VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023<\/a><\/p>\n On December 07, the Telegram Messenger team launched the sale of virtual numbers with the +888 prefix, which exist as collectible on the The Open Network blockchain.<\/p>\n Users can log in to the Fragment platform with the TON blockchain-backed anonymous numbers and enjoy \u201cultimate privacy.\u201d<\/p>\n Fragment is a decentralized auction platform founded by Durov. It sells the anonymous numbers compatible only with Telegram. Purchases are transacted on the platform using The Open Network Telegram token.<\/p>\nA Reason For The Skyrocketing Price Of Toncoin<\/h2>\n
A Reason For The Skyrocketing Price Of Toncoin<\/h2>\n