How Telegram Aidrops Could Boost TON
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As the Telegram community prepares for several airdrops in October, investors may also need to consider the impact on Toncoin’s price. The anticipated launches could drive demand for TON, the native token of The Open Network. With excitement building for the tokens’ distribution, this analysis highlights why Toncoin could experience an influx of new investors and what investors stand to gain. Telegram Airdrops Looks Good for Toncoin Telegram airdrops have become increasingly popular this year. This happened due to the launch of tokens like Notcoin (NOT) and, more recently, Dogs (DOGS). However, this previous launch was not as big as the number of mini-apps ready to distribute rewards to their users in October. Starting from September 26, which Hamster Kombat set for its Token Generation Event (TGE), BeInCrypto also reported that other Telegram airdrops, including X Empire, Major, and MemeFi, will launch in October. As a result, on-chain data shows a significant increase in the number of new, active, and zero-balance addresses on TON. This overall increase suggests that the TON ecosystem is gearing up for the event, which could drive notable demand for the cryptocurrency. Read more: What Are Telegram Bot Coins? Toncoin New, Active, and Zero-Balance Addresses. Source: IntoTheBlock If sustained, Toncoin’s price might see a notable increase next month. Bitget Chief Analyst Ryan Lee also seems to agree with the prediction. In a conversation with BeInCrypto, Lee notes that Toncoin could see significant improvement. The analyst also referred to the surge in stablecoin supply on TON, saying that it represents increased confidence. “October is the stage when high-traffic TG Bot projects in the TON ecosystem are gradually completing their TGE. In an optimistic market without any black swan events, it is expected that Toncoin could return to above $7,” Lee told BeInCrypto. Should this be the case, the…
Filed under: News - @ September 25, 2024 10:19 pm