TON is the native digital currency of the Toncoin project.
The TON digital currency has become one of the most popular and famous digital currencies in the crypto market, as it has climbed the list of digital currencies and become one of the best digital currencies in terms of market capitalization.
The digital currency TON has risen by 173% a year ago, according to the coinmarketcap platform.
According to a CryptoQuant report, the digital currency TON has outperformed Bitcoin since the beginning of 2024.
According to the same report, US traders are optimistic about TON, and the same cannot be said for traders in Europe.
According to data compiled by CryptoQuant, TON's relative price performance over various global trading sessions highlights US investors as the most betting on the currency's rise.
On the other hand, European traders appear to be the most pessimistic towards the currency, as evidenced by multiple instances of negative price changes during the European session.
Meanwhile, traders in the Asian session appear to be in line with previous price performance trends, with both positive and negative price movements.
TON had a difficult start due to regulatory hurdles caused by the US Securities and Exchange Commission (SEC).
However, the project has managed to expand its ecosystem and increase engagement by attracting both developers and users.
A project called Notcoin (NOT), designed to introduce users to Web 3, has made quite a splash on TON.
Telegram has taken a big step towards integrating cryptocurrency and blockchain technologies, specifically the TON blockchain, into its platform.
In April, Telegram rolled out the ability for advertisers to pay with TON as well as enabling cryptocurrency payments for content creators on the messaging app using the TON cryptocurrency.
The integration essentially allowed advertisers to pay with TON for content creators to earn TON payouts, effectively creating a new cryptocurrency-backed advertising ecosystem within the Telegram app.
Recently, Tether, the issuer of the USDT stablecoin, announced the launch of USDT and XAUT tokens on the Toncoin open network.
This move targeted Telegram's 900 million user base
