Investors Bullish On Toncoin As Price Spikes by 34%

• Toncoin surges 35% due to Telegram’s advertising platform launch.
• Channel owners can earn 50% of ad revenue in Toncoin.

The recent surge in the price of Toncoin (TON) has captured the attention of cryptocurrency investors, with its value soaring by 35% to over $2.68. This surge is directly attributed to the impending launch of Telegram’s advertising platform, which presents a lucrative opportunity for channel owners to monetize their content.

Telegram, known for its messaging and social media platform, is set to introduce an advertising platform that will enable channel owners to earn revenue through advertisements. This development marks a significant evolution for Telegram and has generated excitement within the cryptocurrency market.

Investors are optimistic about the potential for increased adoption of Toncoin within Telegram’s ecosystem, driven by the promise of advertising revenue and the platform’s expanding reach. Channel owners stand to benefit from a revenue-sharing model, where they can receive 50% of ad revenue in Toncoin.

TON To Hit $5 Soon?

The surge in Toncoin’s price is reflective of market sentiment surrounding the announcement of Telegram’s advertising platform. Trading volume for Toncoin has seen a remarkable increase of 705%, reaching $345 million. The daily price chart indicates bullish momentum, with the Relative Strength Index (RSI) showing an overbought situation at 78.

TON Price Chart , Source: TradingView

As Toncoin continues to gain momentum, investors are closely monitoring its price movements. While some analysts predict a potential increase to $3.4 or even $4.8 if bullish trends persist. There is also the possibility of a correction if bearish sentiments prevail. In such a scenario, Toncoin could see support levels around $2.10 and $2.01.