TON token rises in price by 19% in 24 hours. Explaining the reasons for the growth

The growth of the rate of altcoin is associated with two integrations into crypto projects at once

14.12.2022 - 15:00

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What’s new? On December 14, the rate of the Toncoin token (TON) rose to $2,863. The growth is due to the fact that the Fragment marketplace integrated the sale of anonymous numbers for registration in the Telegram messenger for TON. In addition, crypto exchange Gate added a perpetual futures TON/USDT. As of 14:30 UTC, the asset is trading at $2,51546, according to Binance. The weekly gain amounted to 35,35%.

The #TONCOIN / $USDT pair is now available for perpetual futures contracts on @gate_io.👉🏼 https://t.co/iZ2gVGj7tZCongrats! 🎉$TON — TON (@ton_blockchain) December 14, 2022

Details on the new feature. Anonymous blockchain-powered phone numbers allow starting a Telegram account without using a SIM card. Their sale, as in the case of usernames for the messenger, is in the format of an auction. As of December 14, the highest bid for the number +888 8 888 is 40,205 TON, or about $99,7. In addition to the numbers already offered, it is available to buy automatically generated numbers, without participating in the auction. It will cost 18 TON (~$45).

Fragment, a marketplace for buying usernames on Telegram, was launched in October. On November 9, the username @doge was bought for more than $550 000.

What is known about TON? It is the token of TON (The Open Network), a decentralized computer network. The concept was developed by the Durov brothers in 2017, and they raised several billion dollars in the project. On June 28, the last TON was mined before the blockchain transitioned to PoS, causing the number of new coins going into circulation to drop by about 75%.

DWF Labs partnered with the TON Foundation in November. As part of the partnership, the foundation will receive $10 million for the development of blockchain. That same month, Telegram founder Pavel Durov said that the messenger’s team was working on a set of decentralized tools, including non-custodial crypto wallets and decentralized exchanges (DEXs).

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