The TON Foundation and Telegram announced together, on September 13, the launch of a new crypto wallet called TON Space, made for Telegram users to connect to The Open Network ecosystem, governed by the native token Toncoin (TON) — which has surged over 10% in the last 24 hours.
This move intends to onboard over 30% of the total Telegram user base by 2028. Interestingly, the leading messaging platform for cryptocurrency enthusiasts is estimated to have around 700 million monthly active users.
Andrew Rogozov — CEO of The Open Platform (TOP), responsible for TON’s development — believes this will pose a great opportunity for crypto adoption to increase, as it removes one of the huge barriers, in his opinion, that is users needing to create a wallet before interacting with the blockchain ecosystem.
TON 1-day price chart. Source: CoinMarketCap
At the time of publication, TON is priced at $1.89 with 7.56% gains in the last 24 hours. Toncoin has also accumulated over 30% gains in the last 30 days, showing steady value appreciation in the period, leading the crypto market in performance.
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