Telegram Unveils Payment System for App Developers

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 06 2024

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Telegram Stars Launch: Telegram introduces a new payment feature called Telegram Stars to simplify monetization for developers on the platform.
Payment System Details: The system uses an in-app currency called "Stars" that can be traded for TON, the native token of The Open Work Network on Fragment exchange.
Developer Benefits: Developers can earn Stars and use them to advertise their apps within Telegram, with low commission rates compared to Apple or Google.
Integration of Blockchain: Telegram's move aligns with its commitment to blockchain technology, integrating TON for transactions and withdrawals within the Telegram Stars ecosystem.
Financial Features Enhancement: Sphere Labs partners with Telegram to offer a new extension for easy money transfers between bank accounts and e-wallets, with low transaction fees.

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Technical Analysis for

Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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, 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 $-.

() Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-	-	-	-	-	-	-
Fibonacci	-	-	-	-	-	-	-

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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