Claim $500Telegram Unveils Crypto Wallet; TON Price Jumps; Here’s Why
Telegram, the popular messaging service, has on Wednesday announced the launch of its crypto wallet during the Token2049 event in Singapore. The wallet, developed on The Open Network (TON) blockchain, will be accessible to its 800 million customers across the world.
Also Read: Hedera Launches Stablecoin Issuance And Management Solution, HBAR Price Jumps
Telegram Crypto Wallet Built On TON
The team had earlier announced that the TON-based wallet on Telegram went live for the 800 million users, as part of the new integration. With this, the TON price has increased massively at a time when the Bitcoin price remained almost flat compared to 24 hours ago. Elite Crypto, a popular crypto Twitter account, revealed the news coming out from Token2049:
“Telegram’s crypto wallet is here. After three years of anticipation, they have unveiled it at Token2049 in Singapore. Additionally, they are all in on the TON network, giving $TON token a 7% boost.”
Earlier, CoinGape reported that the TON price movement showed the formation of an inverted head-and-shoulders pattern, which is a bullish sign. It said the price break out above the immediate resistance at $2 would mean that the 50 day Exponential moving average (EMA) crosses above the 100 day EMA. This crossover is generally associated with an uptrend in the asset price.
The TON wallet bot On Telegram
In the past, developments on the Telegram crypto wallet bot were announced in association with The Open Network (TON). This is different from the latest unveiling of the dedicated crypto wallet. In August 2022, the TON Foundation announced that the wallet bot would allow users to purchase, store, and transmit cryptocurrency directly from person to person via Telegram chats.
Also Read: Terra Luna Classic (LUNC) Community Approves Major Proposal
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- January Fed Rate Cut Odds Fall to New Lows After Strong U.S. Q3 GDP Report
- Breaking: U.S. GDP Rises To 4.3% In Q3, BTC Price Climbs
- Breaking: Bank of Russia Proposes Allowing Investors to Buy Bitcoin and Crypto in Major Regulatory Shift
- Crypto ETF Issuer 21Shares Advances Dogecoin ETF Bid with Amended S-1 Filing
- Bitcoin Crash Risk Mounts As Peter Brandt Points to 80% Declines in Every Major Cycle
- Solana Price Outlook: Will SOL Recover With Strong Institutional Buying?
- Ethereum Price Risks Crash to $2,500 Amid Sustained Wintermute Dumping
- Is It Time to Sell Bitcoin for Gold- Analyst Spots 2023 Pattern That Triggered BTC’s Last Major Rally
- Will Bitcoin Price Hit $100k Before Year-End? Prediction and Analysis
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
