Will Toncoin Price Rally With Ankr’s New TON Blockchain Integration?

by

As a seasoned analyst with years of experience navigating the complex world of blockchain and cryptocurrencies, I find myself intrigued by Ankr’s recent integration with The Open Network (TON). This partnership, in my humble opinion, could indeed be a game-changer for both developers and investors.

The latest collaboration between Ankr and The Open Network (TON) is generating buzz within the developer and investor communities. This strategic alliance aims to streamline the creation of decentralized applications (dApps) on TON, which potentially may influence Toncoin‘s price trends in the near future.

By incorporating Ankr’s sophisticated Web3 API service, developers now enjoy seamless access to the TON network, which sets the stage for significant expansion. This integration has sparked much discussion among analysts regarding its potential impact on Toncoin’s market value.

Ankr’s TON Blockchain Integration Could Boost Toncoin Price

By integrating with the TON Blockchain, Ankr empowers developers to create decentralized applications (dApps) more effortlessly, particularly in the Telegram environment that boasts a massive user base of over 950 million individuals.

By utilizing Ankr’s Remote Procedure Calls (RPCs), developers are no longer required to deploy or manage their own blockchain nodes in order to access on-chain data from TON’s network. Instead, they can directly engage with TON’s network using pre-set APIs, streamlining the development process for dApps.

Furthermore, by utilizing Ankr’s TON RPCs (Remote Procedure Calls), developers can effortlessly retrieve current data, carry out transactions, and oversee wallet operations, all while avoiding the hassle of managing node maintenance. This simplification in development process by Ankr is effectively lowering the threshold for developers, making it more accessible to build robust dApps (decentralized applications) and digital assets that perform efficiently.

Furthermore, since these RPCs are dispersed globally, they offer swift response times and dependable connections. This user-friendly setup is likely to draw in even more developers who want to create on the blockchain. Consequently, this increased network activity may impact the value of Toncoin.

Additionally, the increasing usefulness of the TON protocol is evident from its swift increase in user base. Just last month, the Tegram Blockchain saw over 11 million monthly active users, a surge driven primarily by the popularity of decentralized applications (dApps), mini-apps, and gaming tokens.

In much the same way, a rise in activity might directly affect the need for Toncoin, since it serves as the indigenous token within the TON blockchain system.

Furthermore, this partnership occurs as the TON Network boasts over 100 million distinct owners, a notable surge from the 4.3 million reported earlier this year. This swift rise in popularity underscores the network’s rapid acceptance. With an influx of new users, it is anticipated that Toncoin’s price will exhibit greater volatility and present more chances for growth.

Will TON Price Reach $8?

Currently, Toncoin’s price hovers near $5 due to consolidation, but it has experienced a 0.65% increase over the past day. The rising interest in stablecoin transactions and the expanding utility of the TON Blockchain hint at the possibility that its price could climb as high as $8.

The latest figures show that USDT transactions surpassing $300 million on the TON network highlight an increasing attraction towards this platform.

Furthermore, an increase in whale ownership and a decrease in exchange-held Toncoin supply are promising signs for Toncoin’s price. With fewer tokens being traded on exchanges and more being stored offline, market selling pressure could lessen. Consequently, Toncoin’s price might overcome its current resistance levels and potentially surge towards an $8 breakout within the next few weeks.

Read More

2024-10-24 21:06