Binance Lists Telegram Open Network (TON) and Sees a 10% Price Surge
Binance Futures has introduced the TON Perpetual Contract with leverage of up to 50x, causing the TON token to gain significant attention as its price surges by 10%. TON, which is the foundational blockchain created by the large messaging platform Telegram, is currently witnessing a notable increase in its valuation, thanks to the recent advancements led by Pavel Durov, the founder of Telegram.
The news that owners of Telegram channels will soon receive financial incentives for their content has greatly impacted the asset’s price. Given that broadcast channels on Telegram receive one trillion views monthly, with only a fraction currently monetized, the forthcoming expansion of the Telegram Ad Platform has the potential to transform how content creators earn revenue. Starting from March, owners of channels in nearly a hundred new countries will be entitled to 50% of the revenue generated from advertisements shown on their channels.
To ensure quick and secure transactions for ad payments, the TON blockchain will be the exclusive medium, establishing a self-sustaining economic cycle where creators can choose to cash out their Toncoin earnings or reinvest in improving their channels.
Price Analysis and Future Outlook for TON
In the aftermath of the announcement, the price trend of TON showcases strong upward movement, breaking through previous resistance levels. At present, the token is encountering its next significant hurdle at the $3 threshold, which could solidify the recent gains and pave the way for further expansion. Key support is observed at the $2.5 level, serving as a crucial juncture to protect against potential pullbacks.
Looking ahead, the incorporation of TON into Telegram’s economic framework presents a bullish outlook for the token. The potential emergence of a new creator-focused economic ecosystem on Telegram might lead to heightened demand for TON as a functional and investment asset, thereby propelling its market value.