Toncoin | TON & Telegram
Updated
Telegram's wallet users have the opportunity to buy, withdraw and exchange Bitcoin directly through a web interface, Toncoin (TON) has a positive reaction after the news.
The price of Toncoin is $2.29 today with a 24hour trading volume of 23 million dollar. This represents a 1.5% price increase in the last 24 hours and a 2% price increase in the past 7 days
Toncoin is a decentralized layer1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the PoS consensus model for network scalability and reliability.
Telegram users can buy and sell short recognizable usernames for personal accounts, public groups and channels on fragment website and using TONcoin for doing payments too
No one know crypto and crypto community better than Pavel Durov so be ready for more good news from Telegram
we have symmetrical triangle here which is bullish, 2.36 and 2.46$ are next targets
The price of Toncoin is $2.29 today with a 24hour trading volume of 23 million dollar. This represents a 1.5% price increase in the last 24 hours and a 2% price increase in the past 7 days
Toncoin is a decentralized layer1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the PoS consensus model for network scalability and reliability.
Telegram users can buy and sell short recognizable usernames for personal accounts, public groups and channels on fragment website and using TONcoin for doing payments too
No one know crypto and crypto community better than Pavel Durov so be ready for more good news from Telegram
we have symmetrical triangle here which is bullish, 2.36 and 2.46$ are next targets
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The bulls will try to drive and sustain the price above the resistance line, which will invalidate the bearish setup. A breakdown of a negative pattern usually results in an up-move because aggressive traders who may have gone short in anticipation of a decline cover their positions. Additionally, bullish traders who have been sitting on the sidelines due to the negative setup jump in to buy. Above the resistance line, the TON/USDT pair could rally to $2.64 and thereafter to $2.90.This positive view will invalidate in the near term if the price turns down and breaks below 2.20.The 4-hour chart shows that the pair is rising inside an ascending channel pattern. In the near term, the bears are trying to protect the $2.33 level but the bulls continue to attack the level with vigor.
If the $2.33 level gives way, the pair may start its journey toward the resistance line of the channel near $2.45. Alternatively, if the price once again turns down from $2.33, the bears will try to sink the pair to the support line of the channel.
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important moments for TON
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