Telegram Takes Over TON Foundation, Initiating New Era

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Governance Shift: Telegram's announcement to replace the TON Foundation as the primary driver of The Open Network and become its largest validator signifies a major comeback after the SEC's 2020 dissolution, potentially enabling widespread adoption among its 950 million users.
Significant Fee Reduction: Network fees have dropped to approximately $0.0005, a sixfold decrease, which standardizes costs and aids developers in building applications with predictable pricing, enhancing user experience and accelerating ecosystem growth.
Positive Market Reaction: Following the announcement, Toncoin surged from $1.30 to $1.80 within 24 hours and reached $2.15 over the week, with single-day staking inflows hitting $191.83 million, reflecting strong market confidence in Telegram's return to TON.
Future Development Plans: Telegram's MTONGA roadmap includes new developer tools, TON Pay 2.0, and TON Teleport, aimed at enhancing user experience and market competitiveness through rapid execution and direct corporate resources.

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Technical Analysis for TON

Technical Sentiment Analysis for Toncoin (TON). As of , Toncoin (TON) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TON stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, TON is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Toncoin (TON) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.078	1.395	1.649	1.966	2.22	2.537	2.791
Fibonacci	1.395	1.613	1.748	1.966	2.184	2.319	2.537

About TON

Toncoin (TON) is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). The TON blockchain is open-sourced and supported by many network contributors, including the Switzerland-based non-profit organization, the TON Foundation.Since 2017, the Telegram team had been developing the codebase for a blockchain network, then named Telegram Open Network (TON), with a native cryptocurrency named 'Gram.' In May 2020, Telegram founder and CEO Pavel Durov announced the end of Telegram's involvement with the TON Blockchain following a court order by the SEC. The Gram token was never issued.Since 2020, the technology has been developed by an independent community of developers and blockchain enthusiasts. The non-profit TON Foundation is the most prominent of these supporters. The blockchain was renamed from 'Telegram Open Network' to 'The Open Network,' with Toncoin now the native cryptocurrency of the TON network. The whitepaper contains part of the original codebase written by Dr. Nikolai Durov, co-founder of Telegram and brother of Pavel Durov. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability.TON Foundation's vision is to empower 500 million users to own their digital identity, data, and assets by 2028 by empowering developers to build a Web3 ecosystem in Telegram Messenger.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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