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Author: Admin | 2025-04-27
The Ton Team has announced the introduction of bitcoin liquidity on the Ton-telegram ecosystem. This move which has been well-received on the crypto market will likely lead to a rise in the Toncoin (TON) price . Coincidentally, the Toncoin price surged during the past 7 days, ending on 30 November. As a fact, the TON price increased by 91.5% during the month. However, it rose by 1.91% within the last 24 hours. More significantly, the value of TON spoked by 41.2% during the past 60 days. At press time, TON is trading at $3.786 TON/USDT on Gate.io. The graph below shows TON’s price trajectory during the last month.Toncoin Price Performance During the Last 30 Days- Gate.ioThe graph shows TON’s fast moving trend that started on 5 November 2024. The main reason linked to this remarkable price performance was Trump’s presidential election victory in the United States. That development was followed by a crypto market wide positive sentiment. In addition, the stabilization of the macroeconomic environment in the U.S has also injected much confidence in the sector. Another factor that might have added bullishness to TON was the recent announcement of the introduction of synthetic Bitcoin token, TON Teleport BTC, on the The Open Network blockchain.Generally, though, the Toncoin has performed remarkably during the year. Its price value increased by 188.6% during that period. The network is well-known for various tap-to-earn games that exist there. These include Hamster Kombat, Catizen and Notcoin which have attracted many users to the TON Network.TON to Launch Synthetic Bitcoin TokenThe TON blockchain has followed the footsteps of many leading networks by introducing a synthetic bitcoin token, TON Teleport BTC. That token will act as a bridge for people to use bitcoin in the DeFi sector. The synthetic bitcoin token (tgBTC) will support many DeFi activities on the network that include liquidity provision, yield farming and trading. Basically, the token will maintain a 1.1 peg with bitcoin. This move will also increase the demand for bitcoin. As a result bitcoin is likely to keep its dominance in the crypto sector. This is not the first time
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