Toncoin (TON) Leads Top Gainers In Last 7 Days

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.

Timeline of Toncoin

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.

According to a report from TechCrunch, the social media platform Telegram will auction handles for individual accounts and channels. The company has been taking steps to boost its revenue.

Amid the ongoing recovery in the global market, the TON coin price boosts to complete a bullish pattern. With a neckline at $2, the pattern breakout rally can result in a 2.74% jump in market value in the coming days.

Toncoin price is making an impressive leg up, barely a day after a leading messenger, Whatsapp, suffered a disruption. TON, the crypto token affiliated with Telegram, surged by over 22% to trade at $1.81 at the time of writing.