Toncoin Surges 60% As Durov Defends Telegram’s TON Push

Toncoin extended its rally on Wednesday, climbing

Toncoin Surges 60% As Durov Defends Telegram’s TON Push

Toncoin Surges 60% As Durov Defends Telegram’s TON Push

Toncoin extended its rally on Wednesday, climbing to a new local high of $2.215 and bringing its three-day gain to more than 60%, as traders continued to price in Telegram’s deeper role in The Open Network. With the move, TON reaches it highest price since mid-November last year following fresh comments from Telegram founder Pavel Durov, who argued that Telegram becoming TON’s largest validator would strengthen decentralization rather than weaken it.

TON faces the 0.236 Fib, 1-week chart | Source: TONUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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