The crypto market rally is starting to show signs of exhaustion, but Bitcoin and altcoin charts highlight traders' desire to continue buying each dip.
TON News
TON is the abbreviation for a blockchain project called The Open Network. TON originally stood for Telegram Open Network, but Telegram exited the endeavor in 2020.
Originally headed up by Telegram, the company behind the Telegram messaging app, TON started as a blockchain for decentralized applications and speedy transactions. The Telegram TON initial coin offering, or the TON ICO, ran in 2018, garnering approximately $1.7 billion through its GRAM token sale. TON subsequently saw significant backlash from the United States Securities and Exchange Commission, or SEC. Various developments surfaced regarding investor refunds.
Run by the community, a subsequent and separate project known as Free TON came to life in 2020. Free TON operates without Telegram as a blockchain formed from the original project’s code. Other TON solutions have also arisen based on available open-source data.
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The world’s fourth-largest messaging app may look for a U.S. listing after its IPO. Investor offers have valued Telegram at over $30 billion.
3352Mirana Ventures invests $8 million into The Open Network ecosystem as Bybit looks to tap into Telegram’s recently launched advertising platform.
3690Telegram channel owners will start receiving 50% of all advertising revenue generated in their channels.
11706A TON-selected Web3 game aims to leverage the fantasy football genre to new heights, bringing a new dimension to the gaming experience on Telegram.
16290Telegram is not the first platform for sharing and distributing content. But that may be about to change, as a decentralized content layer has invented a new bot that rewards users for interacting with content.
57635Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products.
7775Animoca Brands became the biggest validator of the TON blockchain in 2023, banking on the network effect of Telegram’s 800 million users to drive GameFi adoption.
5616Bitcoin price hit a new 2023 high on Dec.1 and multiple altcoins are following suit. Is the crypto market preparing for a Santa Claus rally?
8272The funding will support TON ecosystem projects, research and development efforts, community-building and marketing activities.
4050Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000.
5270Animoca Brands invests in the TON blockchain protocol and become its largest validator as it eyes GameFi development on the platform.
4123Bitcoin has risen above $38,000, clearing the path for a rally higher. Will altcoins follow?
8213The sharp rebound in Bitcoin and select altcoins suggests that bulls remain in charge and continue to buy at lower levels.
5037Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed.
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