Analysts expect the bear market to loosen its grip in 2023. Here are five cryptocurrencies to keep an eye on.
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.
BTC’s price range is tightening in preparation for a potential range expansion. Meanwhile, XMR, TON, TWT and AXS are maintaining their bullish momentum.8019
If Bitcoin rises through resistance at $17,622, TON, APE, TWT and AAVE could begin to tack on outsized gains.8979
The messaging platform is building a set of decentralized tools, including noncustodial wallets and decentralized exchanges.3957
Bitcoin price is stuck in a tight range, but TON, CHZ, QNT and TWT caught a bid in the past week.8290
The popular messaging app launched a new marketplace on the TON blockchain, on which it plans to auction off rare user handles.4014
Telegram said that the development of its marketplace is almost finished, and a launch date will be announced soon.6252
“Imagine how successful Telegram with its 700 million users could be if we put reserved usernames, group and channel links for auction,” the Telegram founder wrote.4074
After launching the TON DNS, the TON Foundation will conduct an auction of the first “.ton” domain names on July 30.5485
The TON blockchain has always been proof-of-stake, while the mining of toncoin began “spontaneously and randomly” in 2020, according to the TON Foundation.4586
Russia should deploy cryptocurrencies and CBDCs for settlement and payments with Africa, the president of the Chamber of Commerce and Industry believes.3426
Cameroon, the Democratic Republic of the Congo and the Republic of the Congo announced plans to adopt the TON blockchain amid the TONcoin Fund launch.8375
Telegram CEO Pavel Durov is proud that the TON project is “alive and evolving” despite Telegram terminating TON last year.12601
FIDE said that it hopes to “welcome a new crypto demographic” through the “gamification of iconic match moments, unique collectibles [and] chess-related art.”5009
A blockchain project believes it can achieve massive scalability while pushing the boundaries of decentralization.7153