Ethereum-Based Altcoin Skyrockets 66% After Big Announcement From Multibillionaire Pavel Durov

One altcoin project based on Ethereum (ETH) has quietly outperformed most of the crypto market this month, embarking on a rally after tech entrepreneur Pavel Durov made an announcement.

Timeline of Toncoin

After breaking out from the $2.30 horizontal resistance area, the Toncoin (TON) price only faces Fib resistance until a new all-time high. The post What's Behind The 40% Toncoin Price Increase?

Telegram has sold $50 million usernames on The Open Network as the messaging app giant says it aims to capitalize on blockchain tools. The post Telegram sells usernames worth $50 million on the Open Network blockchain appeared first on The Block.

The Open Network has enjoyed massive media recognition in the last few weeks, resulting in impressive gains. The blockchain's native token, TON, is currently among the top cryptos leading the market in weekly gains.

Toncoin has defied the entire crypto market sentiment as its value continues to trend higher. As per CoinMarketCap data, the native token of the TON blockchain has kept over 20% gain in the last seven days.

Telegram's own blockchain, TON, continues to enjoy impressive gains despite current market volatility. The open-source protocol has been one of the few ecosystems to stay afloat following the FTX saga.

London, United Kingdom, 17th November, 2022, Chainwire DWF Labs, the leading blockchain industry market maker, has become a prominent supporter of the TON ecosystem. Through its partnership with the TON Foundation, DWF Labs supports The Open Network with an investment, token development, market creation, and exchange listing.

Crypto market maker DWF Labs has announced that it will become "a prominent supporter of the TON ecosystem." The company is also investing $10 million in the Layer-1 blockchain network.

Toncoin, Telegram's official blockchain token, has printed positive gains as the overall market tries to recover. TON saw a price increase of 1.52% on the day while gaining ground against BTC and ETH.

The Toncoin price witnessed a V-shaped recovery from $1.5 support as market sentiment passed from the fear of the November 2nd interest hike from the US Fed. Currently, the altcoin trades at $1.75 and has registered a 16% gain since last week.

Social media giant Telegram will auction four, and five-character domain name-type handles on a marketplace on the TON blockchain. The post TON Blockchain to Expand Web3 Domain Service appeared first on BeInCrypto.