5 Things You Need to Know About Toncoin (TON) This Week

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As an experienced financial analyst, I believe that the recent developments in the TON ecosystem are promising signs of potential growth for the digital asset. The introduction of Adsgram and Telegram’s new in-app currency, Stars, demonstrate the platform’s commitment to monetizing its user base and creating a self-contained ecosystem.


As a seasoned analyst, I’d put it this way: The TON Community has unveiled Adsgram, a fresh third-party solution on Telegram. Developers can now seamlessly link their mini-apps or bots to an advertising system through Adsgram, thereby generating Toncoin (TON) as remuneration for showcasing ads.

5 Things You Need to Know About Toncoin (TON) This Week

On this platform, there’s a distinction from Telegram Ads, introduced in March specifically designed for channel proprietors. Adsgram embraces fundamental ad payment structures, including cost per thousand impressions (CPM. Additionally, it monitors essential metrics like click-through rates, conversions, and fill rates.

New mini-app

Pavel Durov, the head of Telegram, has unveiled a new feature: an internal currency named Stars. This innovation will streamline the process of acquiring digital merchandise and services within the Telegram mini-apps.

As a crypto investor, I can tell you that Stars, the native currency of certain platforms, can be acquired using fiat money through in-app purchases on iOS and Android devices, or directly within Telegram. Once obtained, these Stars can be employed to purchase digital goods in mini-apps like Notcoin and Hamster Kombat.

New regulatory accomplishment

The Financial Services and Regulatory Committee of Kazakhstan (AFSA) has given its approval for Toncoin (TON) to be traded on recognized exchanges after a thorough examination confirmed that the digital currency conformed to AFSA’s requirements for listing.

With this approval, Toncoin has become officially authorized for trading under the regulatory umbrella of the Astana International Financial Centre (AIFC). As investors proceed with transactions involving Toncoin, they can take comfort in the fact that their activities are governed by regulatory safeguards and supervision.

On-chain data signals buy

Based on the latest TON network statistics, over 32 million users are now actively utilizing the platform. This surge in user activity also includes a growing number of large-scale investors, known as “whales,” as well as an increasing transaction volume.

Furthermore, based on TradingView’s analysis, moving averages indicate a buy opportunity. Meanwhile, the Relative Strength Index (RSI) reading stands at 56, implying there is ample room for further price increases.

Price prediction

Despite the market turbulence last week, the cost of TON presently hovers around $7.76. Having overcome the support threshold of $7.36, TON underwent a slight correction during the previous week. Now, Toncoin is looking towards breaking the $8 price mark with a strong likelihood of achieving this goal in the current week.

5 Things You Need to Know About Toncoin (TON) This Week

As a researcher analyzing the cryptocurrency market, I’ve noticed an upward trajectory in the daily price chart of TON. Given the robust fundamental foundation underpinning its growth, my anticipation for TON’s price remains optimistic throughout this week.

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2024-07-02 07:57