Toncoin price rallies 10% amid bold plans involving Telegram
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. “First of all, you need to create a wallet. And usually, it’s a complex procedure, so the conversion to the installation of these wallets is very low… The second problem is that [website-b...