After Telegram officially launched its self-custody wallet in the US, the cryptocurrency community has begun to pay special attention to TON. Although DeFi metrics are still modest, the price movements of TON are truly noteworthy.
Breakthrough after a slow start
In the past week, the price of TON has increased by nearly 10%, reversing the mid-month downtrend thanks to renewed buying interest. The price has surged from the support zone of $1.45-$1.50, approaching the $1.63 mark and surpassing the short-term resistance level.
Source: TradingView The RSI indicator shows that the growth momentum is improving significantly, while the MACD has shifted to a positive trend. Additionally, the price is approaching the upper Bollinger band, indicating increasing volatility.
Although this is not yet a breakout rally, current signals suggest potential for continued expansion in the near future.
Self-custody wallet on Telegram – A user experience revolution
The growth of TON coincides with Telegram’s launch of its self-custody wallet in the US, allowing users to send, trade, and store cryptocurrencies directly within the popular messaging app for the first time. This is a significant step in reducing barriers to blockchain technology adoption for mainstream users.
Source: X The integration of TON, USDT, NFTs, and the entire TON ecosystem into Telegram promises to make cryptocurrency usage a familiar part of daily communication activities.
Great potential but still requires time to explode
Although TON’s price has risen due to positive developments, network activity remains relatively stable, with no signs of a major explosion. The total value locked (TVL) in DeFi on TON is currently around $85 million, still low compared to previous peaks, and large capital flows have not yet fully entered.
Source: DeFiLlama However, the supply of Stablecoins remains high at nearly $960 million, with daily revenue and transaction fees stable, indicating that users are still actively participating despite not committing long-term capital.
Platform activity is gradually strengthening, but liquidity still needs more time to truly accelerate and create significant breakthroughs.
Mr. Giáo
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Exchange “Listing Curse” Investigation: Why do 89% of new coins end up as retail-trader bait?
After being listed on Binance, most tokens faced severe losses, with an average pullback range of 71% to 80%. Listing is no longer seen as an investment opportunity, but rather as an insider sell-off event. The main reasons include internal liquidity events, overvaluation, weak capital flows, and market saturation; only projects with real products and communities can survive in the future.
区块客33m ago
3 Promising Altcoins to Hold for Long-Term Profit — XRP, DOGE, and SOL
XRP shows strong breakout momentum, backed by bullish indicators and upcoming RLUSD launch.
DOGE forms a bullish pennant pattern, supported by strong community and key resistance breakout.
SOL gains traction through DeFi growth, with cup and handle patterns targeting higher prices.
The c
CryptoNewsLand42m ago
When to Buy Bitcoin Next? Analyst Outlines Exact Entry Levels
Bitcoin dumped hard in early February, plunging to a 15-month low of $60,000. This meant that it had shed over 50% of its value since early October when it peaked at over $126,000.
Although it has recovered roughly 20% since that low and sits close to $72,000 now, there are still some analysts
CryptoPotato52m ago
Retail investors drive widespread bitcoin selling as prices fall
Glassnode's Accumulation Trend Score indicates widespread selling led by retail investors as Bitcoin dips below $67,000, primarily from those holding under 10 BTC, while larger entities hold back, showing neutral behavior.
CoinDesk1h ago
Altcoin Bloodbath Negative Impulse Crushes Bulls at 40%!
Recent data shows negative impulse metrics dominate the altcoin market, indicating selling pressure outweighs buying momentum. Altcoins lag behind Bitcoin, struggling with weak recoveries and short-lived rallies, signaling a cautious market. A shift to positive indicators is needed for potential reversal.
Coinfomania1h ago
BTC Price Plunges to 3-Week Low as Analysts Map Out Next Downside Targets
The first breakdown to under $68,000 seemed as just the beginning for bitcoin’s Friday correction, which just worsened with another dip to a fresh 3-week low.
Most altcoins have followed suit, which has harmed over-leveraged traders, with more than 120,000 such participants being wrecked in the
CryptoPotato1h ago
