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Telegram becomes an all-encryption-based app, what will happen to TON? — TradingView News

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Meme Coin Price Drop Continues, Data Says - TradingView News

After months of Elon Musk joking about turning .

In a recent interview with Tucker Carlson, the Telegram founder praised Musk for his innovative mindset and efforts to build the SocialFi platform, with the goal of empowering content creators with fair returns in terms of advertising revenue.

SocialFi represents a fusion of social media and decentralized finance (DeFi), giving users control over their content without relying on central authority. Creators retain ownership of their content and data, unlike Web2 platforms. Users can monetize their engagement and following without limitations, opening up new financial opportunities.

With Telegram’s recent adoption of TON, Tether, and other features, the platform has attracted more attention than ever from the crypto community.

Does TON belong to Telegram?

The open network TTON was initially developed by Telegram, but a subsequent legal battle with the US Securities and Exchange Commission saw the messaging application abandon its development efforts in May 2020.

The blockchain was originally designed to integrate with Telegram, but its initial attempt was thwarted by the US Securities and Exchange Commission. Telegram managed to reunite with TON after the network was relaunched by independent developers, making it the only major messaging platform to incorporate Web3.

In a post titled “What was TON and why is it over,” Telegram’s CEO said he made the decision in response to a US court banning Telegram from distributing its Gram tokens anywhere in the world. Durov wrote:

“The American court declared that Grams could not be distributed not only in the United States, but globally. Why? Because, it is said, an American citizen may find a way to access the TON platform after its launch,” Durov complained.

Durov decided to separate from TON, which became an independent community of validators and launched the TON blockchain independently from Telegram on May 7.

However, Telegram approved TON in September last year, saying the blockchain and associated token would be its “official Web3 infrastructure.”

“To limit Telegram’s TON share to ≈10% of supply, we will sell the upcoming surplus of our TON holdings to long-term investors – with a 1-4 year lockup and vesting plan, but at a discount in the market This will lock in the floating TON, stabilizing the ecosystem and reducing volatility,” he said

New Web3 infrastructure

In September 2023, Telegram introduced its long-awaited crypto wallet built on the TON blockchain.

The TON Foundation announced that projects operating on the TON blockchain will receive priority access to Telegram’s advertising platform, Telegram Ads. While the wallet feature is currently available in settings for existing users, the global rollout is expected to begin in November, excluding the US and some other countries.

In February 2024, Telegram revealed a plan to share advertising revenue with channel owners and pay rewards using Toncoin TTON token. Telegram recently implemented this plan and allowed users to purchase in-platform advertisements with TON.

On March 31, Telegram introduced a reward system that would allow channel owners with consistent subscribers to earn 50% of revenue from ads shown on their channels in Toncoin TTONthe project’s native cryptocurrency.

Durov said that 50% of the revenue Telegram receives from viewing ads and broadcast channels will be shared with channel owners and content creators who use TON’s network.

To further extend the Web3 infrastructure, Telegram plans to tokenize its stickers and emojis into NFTs on the TON blockchain. This announcement was made at the Token2049 event in Dubai, where Durov highlighted the potential of socially relevant NFTs embedded in human culture and communication.

Tether joins Telegram

In a big move with potential game-changing repercussions, Tether recently launched its USDT and Tether Gold (XAUT) token on TON, marking a significant expansion to 15 blockchains. The integration with Telegram, which boasts over 900 million users, is expected to enable seamless peer-to-peer (P2P) payments within Telegram’s user base.

By introducing USDT and XAUT to TON, Tether aims to improve value transfer between users in the TON ecosystem and other blockchain networks, with increased speed and reduced costs.

💎 𝐓𝐎𝐍 𝐱 @Tether_to 💎$USDt – $TON Reaches $100 million USDt issued and circulating in less than 2 weeks 🤯💎

This is Tether’s fastest growing USDt launch in Web3 history.#TONxTelegramxTether pic.twitter.com/HcavE5h7TY— TON 💎 (@ton_blockchain) May 3, 2024

The addition of USD₮ and blockchain technology.

The Open Network claims to “revolutionize” global peer-to-peer payments, allowing Telegram users to send money instantly without needing a blockchain address or downloading a new app.

Notably, USDT to TON will be complemented by fully integrated on-ramps that support most fiat currencies globally. Additionally, integrated global on-ramps will facilitate users’ withdrawal of supported fiat currencies directly to their bank accounts or cards.

The TON Foundation has allocated 11 million TON tokens as incentives to encourage adoption. Five million TON will be used to boost rewards in USDT/TON liquidity pools at TON decentralized exchanges (DEX) such as StonFi and Dedust.

Another 5 million TON will be distributed to users who deposit USDT into Telegram’s Earn Wallet campaign. Furthermore, withdrawals to TON from supported exchanges such as OKEx, Bybit and KuCoin will be free for all users until the end of June 2024.

Community leader TON urged other cryptocurrencies to join:

Even more money for TON builders!

DeFi Team of $ETH, $SOL, $AVAX: It’s time for diversification and mass adoption within Telegram.

Just the same DeFi you’re building, but for 900 million people ready to start using it. https://t.co/nDouHV96Od— Alenka | @TON Foundation 💎 (@alenka_w3) April 18, 2024

New investment

Following the news of Tether’s involvement in Telegram, Pantera Capital, a multi-billion dollar hedge fund and venture capital firm, announced its investment in the platform.

Pantera sees TON as a platform to broaden cryptocurrency adoption, predicting TON’s continued growth among Telegram users, highlighting its scalability and cost-effectiveness.

“We believe that TON has the ability to introduce encryption to the masses because it is widely used within the Telegram network. Telegram has over 900 million monthly active users on its future-oriented, fast and secure messaging platform used for personal purposes and group communications, large-scale community building, content sharing and more,” the company said.

Toncoin price

In February, Toncoin undertook a series of initiatives, demonstrating continued positive momentum. The most recent initiative involved the distribution of 30 million tons for user participation in ecosystem projects.

At the end of March 2024, Toncoin TTON rose 31.83% to $3.68, hitting a two-year high, boosted by anticipation of Telegram’s impending IPO. Trading volumes per TON increased by 301.96% to $269 million. Source: CoinMarketCap

The integration of the TON wallet into Telegram led to an almost 7% increase in the price of Toncoin after the announcement. Following the disclosure of the partnership with Tether, the price of Toncoin reached $8.02.



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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Mexican Cartels Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: US Treasury

TokenTalk Staff

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Mexican Cartels Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: US Treasury

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

AccessTimeIconJune 20, 2024, 5:08 pm

Updated June 20, 2024, 10:04 pm

US authorities have warned of Mexican cartels using cryptocurrencies to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)

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Bitcoin, Ethereum and Furrever tokens with cutting-edge 10% referral bonus.

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Bitcoin, Ethereum and Furrever tokens with cutting-edge 10% referral bonus.

New York City, NY, June 20, 2024 (GLOBE NEWSWIRE) —

Looking to the future of cryptocurrencies, Bitcoin remains strong as the market leader, while Ethereum continues to fascinate meme coin enthusiasts. Now, Furrever token is ready to join the fray. This article looks at what Furrever Token brings to the table alongside these giants.

Bitcoin price continues to fall as whale activity deepens

Bitcoin price fell below $65,000 on Wednesday, after expanded whale exercises that will be offered orders. Meanwhile, hedge funds have experienced a slowdown in the introduction of Bitcoin, which could be fueled by a steady surge in Bitcoin ETFs.

Ethereum ETFs may not cause the price of ETH to rise as many predict

The price of Ethereum (ETH) has risen more than 4% in the past 24 hours after the Securities & Exchange Commission (SEC) abandoned its examinations of Ethereum 2.0 amid the desire for spot ETH ETFs. In any case, subsequent ETH energy ETFs may not lead to the expected price increase.

The Furrever token stands out for its innovative 10% referral program.

The Furrever Token presale has so far raised over $1.3 million, with the project currently at level 9 and aiming for a total of $1.9 million.

Furrever Token offers delightful customer engagement focused on feline-themed symbolism and community-driven engagement. The untapped referral framework allows customers to earn 10% in $FURR tokens for every store created via their individual referral connection, making for a fabulous passive income opportunity. This framework does not incentivize users, but also cultivates the natural development of the community.

Backed by a comprehensive review by Securi Lab, Furrever Token ensures a secure and reliable stage for its customers. The project guide incorporates the progressive integration of feline-themed material and the energy of future shocks, situating it as an interesting and enjoyable speculation within the crypto space.

Don’t miss the opportunity to include Furrever Token in your venture portfolio and get ready to rule the meme coin industry. Visit www.furrevertoken.com to secure your tokens and be part of this crypto space.

Join the Furrever token presale now:

Official website of the Furrever token

Visit the Furrever token presale

Join the official Telegram group

Follow the official X account

Media contact:
Roberto Smith
https://furrevertoken.com/
support@furrevertoken.com

Disclaimer: The information provided in this press release does not constitute a solicitation for investment, nor is it intended as investment advice, financial advice or business advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.

CONTACT: Robert Smith

support at furrevertoken.com




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Altcoins on the move! Do ImmutableX (IMX) and LimeWire (LMWR) Suggest a 20% Uptrend?

TokenTalk Staff

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Top Four Altcoins with 100X Potential to Stack Right Now

The cryptocurrency market continues to see negative price action over the past few days with elite cryptocurrencies such as Bitcoin AND Ethereum tokens that experience significant corrections in their respective portfolios.

However, on the other hand, altcoins have seen growing bullish sentiment, with mid- and small-cap tokens recording the highest gains. Tokens like LimeWire (LMWR) and ImmutableX (IMX) have seen a massive uptrend in their valuations this week.

With increased price volatility in the cryptocurrency space, will these altcoins continue to overwhelm major crypto tokens this month?

IMX Crypto Sees Increase in Price Volatility:

The ImmutableX token gained around 1% in the last 24 hours and recorded a +3.86% change in its trading volume. Furthermore, the IMX price has added over 9.50% to its portfolio in the last 3 days. However, its weekly returns stand at -11.19%, indicating mixed price action.

TradingView: IMX/USDT

With a trading price of $1.59 and a market capitalization of $2.4 billion, the ImmutableX coin price has successfully secured the 39th position in the global cryptocurrency market list.

The technical indicator, RSI, shows a bullish crossover in the 1D time frame. However, the 50/200 day EMA has registered a Death Cross, highlighting mixed sentiment for the price of IMX coin in the cryptocurrency market.

If the market pushes ImmutableX price above the $1.677 resistance level, the bulls will continue to rise and prepare to test its upper high of $2.12. Conversely, a trend reversal could push the IMX cryptocurrency towards its crucial support level of $1,235 in the coming times.

Does LimeWire (LMWR) price suggest a bullish reversal?

LMWR price has seen an increase of 34.85% in the last day with a 107% increase in trading volume. On the positive side, with the altcoin’s recent surge, it has leveled out all the losses incurred this year. This indicates a growing bullish sentiment for the LimeWire token in the market.

TradingView: LMWR/USDT

The SMA indicator shows a positive crossover on its price chart, highlighting a strong bullish reversal for the LMWR token in the crypto space.

On the other hand, the Moving Average Convergence Divergence (MACD) records a steady uptrend in its green histogram with its averages showing an increasing pattern. This highlights a high possibility of bullish price action in the coming period.

If the bulls continue to gain momentum, the LMWR price will break above the $0.450 mark and head towards the $0.690 upper resistance level. However, in case of a bearish price action, LimeWire price could lose momentum and plummet towards the crucial $0.2210 support level.

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7 new cryptocurrencies to invest in in June 2024

TokenTalk Staff

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7 new cryptocurrencies to invest in in June 2024

Thousands of cryptocurrencies are launched every day and only a few of them reach the top. The world of cryptocurrencies is associated with many scams and fraudulent cases, so it is crucial to identify which altcoins are legitimate. When new cryptocurrencies are launched on the market, there is a lot of hype revolving around them.

With strategic marketing and solid fundamentals, a startup is capable of reaching the top of the crypto rankings. The potential for higher profits and the eagerness to invest in the early stages of project development attracts the attention of investors. This article presents some of the best new cryptocurrencies to invest in June 2024 and explains why they are worth the money.

This article, based on in-depth research and analysis from various reliable crypto sources, delves into new cryptocurrencies to invest in June 2024. At the top of our list of new cryptocurrencies to invest in June is 5thscape, Darklume, followed by Rollblock, Sponge V2 , and eTukTuk.

7 new cryptocurrencies to invest in in June 2024

The year 2024 is proposed to see a positive change in the crypto universe. With the possible increase in crypto values, the demand for altcoins will increase.

  1. 5°Scape (5SCAPE)
  2. DarkLume (DLUME)
  3. Roll Lock (RBLK)
  4. Sponge V2 (SPONGEV2)
  5. eTukTuk (TUK)
  6. PlayDoge (PLAY)
  7. Basic Dawgz (DAWGZ)

New cryptocurrencies to invest in in June: an overview

It is critical to conduct your research and understand the unique value propositions and growth potential of each cryptocurrency. This will allow you to make informed decisions and add them to your cryptocurrency portfolio, bringing you closer to your post-retirement dream.

1. 5°Scape (5SCAPE)

Do you have any VR coins in your wallet? Try this new altcoin that has made waves around the world. The virtual landscape of 5thScape It’s completely immersive and action-packed. It’s far from boring flat screen TVs. Gone are the days when games were limited to consoles and arcades. 5thScape allows you to participate in fun 3D games from your homes. It blurs the lines between what is real and what is virtual.

Click here to participate in the 5thScape presale>>

The ecosystem is filled with unmatched VR content that has ever been released in the cryptocurrency realm. 5thScape goes one step further and enters the world of education, film, training, business and healthcare with its virtual immersion. If you are looking for coins to invest in June, 5thScape is the best investment option. With contests and prizes, 5thScape is winning hearts!

2. DarkLume (DLUME)

Dreaming of a luxurious home, hanging out with friends and exploring the world is every individual’s dream. Or at least it’s a much-needed break from your tiring work life. What if you could experience it without having to leave your home or spend thousands of dollars? Exciting, right? DarkLume will give you an exciting metaverse waiting to be explored.

Click here to participate in the DarkLume presale>>

The DarkLume ecosystem is packed with immersive, high-resolution games, premium virtual countries, social interaction sites, and more. DLUME, its native currency, facilitates all transactions that occur in the metaverse. Currently, DarkLume’s ongoing presale has attracted many backers and is moving towards its vision of bringing every luxury to life!

3. Roll Lock (RBLK)

The online gambling industry is also setting benchmarks in the cryptocurrency space. Its innovative approach and promising growth opportunities are opening new avenues for the GameFi sector. Experts predict that Rollblock will surpass the market capitalization of $744 billion and expand impressively by 2028.

The project meets the stringent licensing regulations required for gambling projects and allows easy-to-use access to token holders. RBLK, its digital asset, can be staked to strengthen rewards and attract substantial funding.

4. Sponge V2 (SPONGEV2)

Investors looking for 100x odds should consider allocating funds to SpongeV2. Supported by the success of its V1 token, SpongeV2 has promising growth potential as it launches its play-to-earn crypto model. These tokens can be purchased from the website or transferred from the original V1 variant. The platform uses a stake-to-bridge mechanism for a seamless transition. Once V2 tokens are locked, SpongeV2 promises staking benefits of up to 42% after a four-year vesting period.

5. eTukTuk (TUK)

The AI-powered token that aims to reform transportation in developing countries is next on our list of the best new cryptocurrencies to invest in in June. eTukTuk is committed to solving environmental problems by promoting the use of electric vehicles by tokenizing its decentralized ecosystem.

Green Money is working with locals to facilitate the creation of charging stations and manufacturing units to offer convenient transportation to people. Investing in TUK not only capitalizes on your income but also allows you to benefit humanity at large.

6. PlayDoge (PLAY)

Meme lovers, beware. Here’s something you’re waiting for. The new dog coin from the Doge family, PlayDoge, is the best gaming cryptocurrency with meme culture. Launched on the Binance smart chain last month, this project is a P2E game that turns a dog meme into a Tamagotchi-style virtual pet using the PLAY digital token.

The modern gameplay has attracted investors and the team receives constant support from dog-loving families. It’s worth getting your game tokens right away.

7. Basic Dawgz (DAWGZ)

Cryptocurrency town newbie, Base Dawgz, is creating buzz on the internet. Launched a couple of weeks ago, it is a basic on-chain token that offers multi-chain access to explore the decentralized realm without limits. Base Dawgz is interoperable with various blockchains including Ethereum, Solana, Avalanche and Binance.

Currently priced at $0.00527, DAWGZ tokens are the most sought-after crypto coin on the market. Join the project on X to learn about its next “Be Social for Airdrop” and wait for your rewards.

New crypto projects to invest in in June

This article provides a comprehensive list of the best new cryptocurrencies that investors can allocate their funds to generate 100x profits. While all seven cryptocurrencies are top performers in their niches, 5thScape is the one worth keeping an eye on.

Its immersive VR approach, solid fundamentals, and well-defined roadmap bring it to the top of any list of the best cryptocurrencies. 5thScape is gaining traction with its gamified VR world and VR hardware to ensure maximum immersion.

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