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Toncoin broke into the top 10 cryptocurrencies

The Toncoin (TON) cryptocurrency entered the top ten cryptocurrencies by market capitalization, according to CoinMarketCap, taking ninth place in the aggregator rating between Dogecoin (DOGE) and Solana (SOL). In less than a week, the coin has risen in price by almost 40%. At 12:00 Moscow time, TON is trading at $2.35 with a capitalization of $8 billion, writes RBC Crypto.

On September 14, Telegram received an update, within which the TON Wallet cryptocurrency wallet was integrated into the messenger interface. A wallet in the form of an @wallet bot with a verified status existed before, but now it is displayed in the menu for all Telegram users.

“We intend to further integrate blockchain technology into Telegram. Starting in November of this year, TON Wallet will be included in the settings and attachments menu for all our users outside the US and some other countries,” wrote Pavel Durov in his telegram channel.

The Telegram Open Network (TON) blockchain was launched by brothers Nikolai and Pavel Durov in 2018. However, in 2020, the Durovs abandoned the project due to litigation with the US Securities and Exchange Commission (SEC). The TON network was supported by members of the TON Foundation community, they continued its development.

Although Telegram is not directly involved in the development of the TON ecosystem, it remains interested in this network. An example of this was the creation on its basis of the auction blockchain platform Fragment for trading collectible usernames. She started working on October 26, 2022.

In March, support for the stablecoin USDT was added to the @Wallet bot in Telegram; before that, the messenger bot wallet only supported Bitcoin and TON.

Source: Cryptocurrency

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