In recent news, Toncoin price coin has risen drastically following Telegram's announcement of ad revenue sharing through Toncoin. This groundbreaking development has sent ripples through the cryptocurrency market, prompting experts to speculate on TON's future trajectory.

In this article, we'll delve into the reasons behind TON's pump, recent Toncoin news, and explore its price prediction amidst this significant announcement.

Understanding the Surge

Telegram's revelation of ad revenue sharing through Toncoin has catalyzed a surge in TON's price, igniting excitement and anticipation among investors. This innovative move signifies a strategic pivot for Telegram, leveraging blockchain technology to revolutionize the advertising industry.

Toncoin Price Prediction

As TON's price continues to soar, analysts and experts are eager to forecast its future trajectory. While it's impossible to predict with absolute certainty, various factors suggest bullish momentum for TON in the coming weeks and months. With Telegram's ad revenue sharing initiative poised to drive demand for TON coin, many anticipate further price appreciation in the near term.

Check out what some of the experts say about TON price:

1. Digital Coin Price team mentions a $14.08 price of TON in the future.
2. Telegaon is very optimistic, with a 2024 Toncoin price prediction of around $5.32 and $7.91.

Insights from Industry Sources

1. According to Decrypt, TON experienced a significant pump following Telegram's announcement, underscoring the market's bullish sentiment towards the project.
2. Cryptopotato also highlights the explosive growth of TON coin, attributing it to Telegram's innovative approach to ad revenue sharing.

Interested? Explore BTC to TON exchanges!

What is Toncoin?

So what is Toncoin? It is the native cryptocurrency of the Telegram Open Network (TON), a blockchain platform developed by Telegram. TON coin serves as the primary medium of exchange within the TON ecosystem, facilitating fast and secure transactions.

To follow TON price history, see how it changed through years:

1. Originated in October, 2021
2. November 2021, TON witnessed an impressive surge in prices, breaching the $5 mark, but then experienced a correction.
3. 2022, mid-year low of $0.80.
4. March 2023 brought a significant downturn for the coin, as it slipped below crucial support levels
5. Game-changing announcement of a major partnership with messaging giant Telegram sparked renewed interest, catapulting the price to its current standing at $2.48.

Best Toncoin Wallets

To store and manage TON coin, users can utilize a variety of TON-compatible wallets, including both hardware and software options. ChangeNOW provides comprehensive reviews and insights into TON wallets, empowering users to make informed decisions when choosing a storage solution for their TON holdings.

Conclusion

As TON coin continues to rally in response to Telegram's ad revenue sharing initiative, the cryptocurrency community eagerly awaits its future trajectory. With bullish sentiment driving TON's price to new heights, investors and enthusiasts alike are optimistic about its potential for further growth. While the precise price prediction for TON remains uncertain, one thing is clear: Telegram's innovative approach to ad revenue sharing has set the stage for TON's ascent in the cryptocurrency market.

Disclaimer: cryptocurrency is subject to volatility. Always DYOR. Not Financial Advice.