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- TON’s ecosystem expansion and Telegram partnership have driven adoption
- Technical metrics and user activity trends hinted at consolidation on the price charts
Toncoin’s [TON] normalized risk metric has been signaling a potential market bottom lately – a level historically associated with price rebounds. In August 2024, TON surged from $5.3 to $6.8 after hitting similar metrics – Proving the reliability of this indicator.
At press time, TON was trading at $5.03 following a 2.14% fall over the last 24 hours. Hence, the question – Can the press time level set the stage for another upward surge on the charts?
TON and Telegram’s partnership drives ecosystem growth
The strategic partnership between TON and Telegram continues to strengthen the blockchain’s position in the market. Telegram’s Mini App ecosystem now exclusively integrates TON, reaching over 950 million monthly users globally.
Additionally, TON Connect, a streamlined wallet connection protocol, is simplifying blockchain transactions for Telegram users, enhancing usability. Therefore, this …
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