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Is Telegram Slowly Becoming a Hidden Crypto Powerhouse?Telegram has rapidly positioned itself as a formidable force in the cryptocurrency sector, quietly amassing significant digital asset holdings and generating substantial revenue from crypto activities. Despite its ongoing legal battles and operational losses, the messaging giant is making bold strides in the blockchain space, raising questions about its future role in the crypto industry. Financial Snapshot: Telegram’s Crypto Revenue and Holdings Telegram’s 2023 financial report, audited by PwC’s Dubai branch, reveals the company’s strategic pivot towards the crypto market. The firm’s digital asset holdings have surged past $400 million, eclipsing its cash reserves. This impressive figure is largely composed of Toncoin, the native token of Telegram’s blockchain project, The Open Network ( CRYPTOCAP:TON ). With over 40% of its $342.5 million revenue generated from crypto-related activities, Telegram’s financials paint a picture of a tech company deeply intertwined with digital assets. Despite reporting a substantial operating loss of $108 million, Telegram’s integration of crypto into its business model has proven profitable. The firm’s newly introduced integrated wallet and sales of Toncoin have become significant revenue drivers, showcasing the company’s seamless incorporation of blockchain technology into its platform. Deep Integration of Crypto Services Telegram’s commitment to the crypto ecosystem extends beyond mere asset holdings. The integrated wallet, introduced as part of the company’s broader crypto strategy, enables users to store, send, receive, and trade various cryptocurrencies, including Toncoin ( CRYPTOCAP:TON ). The revenue from this service stems from its integration into the social media platform and the provision of continuous access to users. Payments for collectibles like usernames and virtual phone numbers, which can be purchased using Toncoin ( CRYPTOCAP:TON ), further underline Telegram’s active participation in the crypto economy. However, the most striking aspect of Telegram’s strategy lies in its management of Toncoin ( CRYPTOCAP:TON ) holdings. The company successfully mitigated potential losses by strategically selling a substantial portion of its Toncoin ( CRYPTOCAP:TON ) before a recent market downturn, realizing approximately $243.5 million. This proactive approach underscores Telegram’s active management of its crypto exposure, highlighting its role as more than a passive participant in the market. Telegram’s Legal Troubles and Market Position Despite its success in the crypto space, Telegram faces significant challenges, including legal issues. The arrest of its founder, Pavel Durov, in France for allegedly failing to control criminal content on the platform has cast a shadow over the company’s operations. However, Durov’s subsequent release has sparked renewed optimism within the crypto community, signaling that Telegram’s troubles might not derail its ambitious plans. Telegram’s growing crypto involvement, coupled with its substantial operating expenses of over $450 million, has led to questions about its overall valuation. Despite raising $2.3 billion from high-profile investors, including sovereign wealth funds, the company’s financial sustainability remains under scrutiny. Durov’s initial valuation of over $30 billion seems increasingly optimistic given the firm’s current challenges. Technical Outlook: TON Token’s Performance As of the time of writing, the CRYPTOCAP:TON token is down 2.79%, reflecting broader market downturns. The Relative Strength Index (RSI) stands at 37.98, signaling an oversold condition and increased selling pressure. Technical analysis indicates that CRYPTOCAP:TON ’s price is teetering near the $5 pivot. Holding this level is crucial for boosting investor confidence, especially amid Telegram’s ongoing network outages and blockchain challenges. The TON blockchain has faced issues, including network disruptions where blocks failed to produce, which has sparked concerns among investors. Addressing these technical weaknesses could help solidify TON’s reputation as a potential “Solana killer,” a moniker that highlights its ambitious aspirations within the competitive blockchain landscape. Challenges and Opportunities Telegram’s foray into the crypto world is a double-edged sword. On one hand, the company’s deep integration of blockchain and digital assets positions it as a major player in the crypto sector. On the other, its ongoing legal issues, operational losses, and technical challenges present substantial hurdles. Telegram’s active management of its crypto holdings and strategic moves within the market suggest a company keen on navigating these complexities. The firm’s success will hinge on its ability to leverage its crypto capabilities while addressing internal challenges and regulatory scrutiny. Should Telegram continue to refine its blockchain infrastructure and improve user experience, it could solidify its place as a hidden powerhouse in the crypto world, with the potential to redefine how tech companies engage with digital assets. Conclusion Telegram’s journey in the crypto market is a fascinating tale of ambition, risk, and innovation. With its significant Toncoin holdings and integrated crypto services, the messaging app is quietly but powerfully staking its claim in the digital asset space. However, the path ahead is fraught with challenges, and Telegram’s ability to navigate these will ultimately determine whether it can transform from a hidden player into a leading force in the blockchain era.
by DEXWireNews
Toncoin | Crypto-Giants, Small Altcoins Bullish, Correction EndsToncoin came into the scene with a roar and is now one of the crypto-giants. All the giants are taking their time to complete their correction. While many of the small altcoins have been full-red for months, the giants were holding a front. What one does, the rest follows. ➢ Since the giant cryptos are the last to move full-red, once they hit bottom we know for sure, 100% sure, that the correction reached its end. Track Binance Coin, Bitcoin, Solana, Ethereum, Toncoin and so on, see how they are moving... Once they reach the level they hit around October 2023 or January 2024, the correction is over and done. 👉 Once the correction is over, we will have sustained long-term growth. It is a critical moment now. It is important to make the right choice. Most of the market is going down. Some of the altcoins vs bitcoin pairs will grow, not all. Namaste.
Short
by AlanSantana
(Update) !!! TON Analysis : Bull or Bear ? (READ)The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase. Previous Analysis ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
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Toncoin (TON) price analysisToncoin (TON) has recovered after its weekend bloodbath following the news of the arrest of Telegram founder Pavel Durov. As a result, TON plummeted from $6.73, dropping almost 12% on Saturday and 2.93% on Sunday to end the weekend at $5.76. As we can see in the price chart, TON faced significant selling pressure on Saturday and Sunday, hitting lows of $5.45 and $5.26, respectively. The current week began with TON still languishing in the red, dropping below the 200-day SMA after a drop of almost 11%. Monday’s crash also saw TON slip below $5.50 and settle at $5.14. TON rallied on Tuesday as buyers returned to the market thanks to strong lower-level demand, rising over 6% and settling at $5.45. The altcoin faced substantial volatility on Wednesday, dropping to a low of $5.13 and a high of $6.04 before settling at $5.54 after an increase of 1.58%. The current session sees TON up by 1.24% as it struggles to move above the 200-day SMA, acting as a dynamic resistance level. With Durov granted bail on Wednesday, market watchers were hopeful it would have a positive impact on the TON price. However, there is no indication of a rally, with large wallet holders remaining skeptical and dumping around 123 million TON in the past 24 hours. As such, the sentiment around TON remains bearish.
by paul_endeo
What's next for TON?Many are currently concerned about the future of the TON cryptocurrency and Pavel Durov, who is behind this project. I am more than confident that this is yet another manipulation, just like many other manipulations in the market. And if you hold this coin and feel the urge to sell it – the manipulation worked. You might ask, what should we do? Will the coin grow? Clearly, no one knows the future, but according to my indicator, the best buying zone is within the $3 - $4.6 range. (See the indicator's performance on the chart; I've attached a screenshot). $3 - $4.6 is the zone where I would be interested in buying this cryptocurrency. I plan to buy in parts and average my entry price, of course, if the market presents such an opportunity. For those who are particularly risk-prone, you might try buying now with a small percentage of the capital you're willing to allocate to this coin.
by Yaroslav_Krasko
TON/USDT Trading ScenarioThe decline in the TON value following the arrest of the founder of Telegram and the TON platform mirrors the scenario of BNB's price drop after the arrest of Binance's CEO. At that time, BNB lost over 30% of its value, then entered a sideways trend. However, with the start of BTC's rise at the end of December, the asset's price not only recovered but also surged by more than 280%. In the case of TON, we are observing a similar situation, making the current price attractive, while any further decline provides an additional opportunity to increase returns. The TON network and the Telegram messenger are fundamental factors contributing to the trust in this asset.
by Rick_SimpleSwap
TON network outage triggers price dipToncoin (TON) has no doubt been one of the fastest growing networks and its runtime has been flawless until now. Fresh reports indicate that the network experienced its first downtime incident this morning. Preliminary reports found using Tonscan show that block generation on Ton halted for almost three hours. One of the TON Foundation members revealed that the downtime was caused by transactions overload, mainly involving DOGS. The downtime resulted in the suspension of deposits and withdrawals via TON by multiple exchanges. This includes Binance and ByBit. The downtime reportedly caused a loss of consensus among validators. This means that validators have to restart the network to kick things into motion again. TON had already fixed the issue and restored network operations at press time. Toncoin retested its August lows after tanking by as much as 26% during the weekend. It was down by 2.98% in the last 24 hours to a $5.25 press time price. It remains unclear whether the downtime incident will affect demand for Toncoin in the near term. Especially now that the network is up and running again.
by paul_endeo