TON Price Rallies Amidst Telegram Accepting $TON for Ad Purchase

Telegram, a leading messaging platform, has recently announced the introduction of TON-based ads, which have the potential to offer numerous advantages for advertisers seeking cost-effective and efficient advertising solutions. Toncoins, a cryptocurrency powered by the TON Blockchain, can now be used to purchase these ads, leveraging the blockchain's low transaction fees and high-speed transactions to ensure a seamless process.

The TON-based ads system offers advertisers complete autonomy over where their advertisements appear and how much they spend, allowing them to target specific channels that align with their target audience, ensuring maximum reach and effectiveness for their advertising campaigns. In addition, channel owners stand to benefit from a generous reward system that allows them to receive a significant portion of the revenue generated from ads displayed in their channels - a remarkable 50%, to be exact. With over 1 trillion views in channels every month, channel owners have the potential to earn substantial revenue through this new reward system.

Telegram's CEO and Founder Pavel Durov has unveiled a strategic plan aimed at maintaining decentralization and stability amidst concerns about the concentration of Toncoin ( TON ) supply within Telegram's ecosystem. Telegram's proactive strategy involves limiting its share of Toncoin to approximately 10% of the total supply, thereby ensuring a more equitable distribution of the cryptocurrency.

Meanwhile, Toncoin ( TON ) has continued to demonstrate resilience and strength in the market, with a current price of $5.24 USD, a 24-hour trading volume of $198.8 million, and a market cap of $18 billion. Despite fluctuations in the market, Toncoin ( TON ) has rallied by 1.80% in the last 24 hours, signaling positive investor sentiment and confidence in the cryptocurrency's future prospects. Toncoin ( TON ) is currently trading above the 200-day Moving Average with a bullish Relative Strength Index (RSI) of 73, indicating a positive outlook for the cryptocurrency.