Investors Excited as Toncoin Price Jumps by 34%

Toncoin’s price has shot up by 35% to reach over $2.68, grabbing the interest of cryptocurrency investors.

This increase is mainly because Telegram is getting ready to launch its advertising platform. This platform offers a great chance for channel owners to make money from their content.

Investors Excited for Telegram’s Ad Platform

Telegram, renowned for its messaging and social media platform, is gearing up to launch an advertising platform that will empower channel owners to generate revenue through advertisements. This development heralds a notable transformation for Telegram and has sparked enthusiasm within the cryptocurrency market.

Investors are expressing optimism regarding the prospects of heightened Toncoin adoption within Telegram’s ecosystem, fueled by the allure of advertising revenue and the platform’s growing user base. Channel owners are poised to reap the rewards of a revenue-sharing model, entitling them to receive 50% of ad revenue in Toncoin.

TON Expected to Reach $5 Soon?

The surge in Toncoin’s price reflects the excitement generated by Telegram’s announcement of its advertising platform. Trading volume for Toncoin has skyrocketed by 705%, reaching $345 million. On the daily price chart, bullish momentum is evident, with the Relative Strength Index (RSI) indicating an overbought situation at 78.

TON Price Chart , Source: TradingView

Investors are closely monitoring Toncoin’s price movements as it continues to gain momentum. Some analysts predict a potential increase to $3.4 or even $4.8 if bullish trends persist. However, there is also the possibility of a correction if bearish sentiments prevail. In such a scenario, Toncoin could find support levels around $2.10 and $2.01.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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