The native token of Telegram, Toncoin TON, has recently seen a rebound, surging 8.33% within 24 hours, breaking through $1.60 and now sitting at $1.51. This wave of increase is mainly attributed to the recently launched ( Confidential Compute Open Network, abbreviated as COCOON), as well as the newly introduced tokenization of U.S. stocks and digital collectibles.
Telegram Ecosystem's New Momentum: COCOON and tokenization of stocks
The strong rise of TON is not coincidental, but rather driven by multiple significant advancements within the Telegram ecosystem. In October, TON released an ecosystem review report, the most notable of which is the decentralized confidential computing open network (COCOON) initiated by Telegram founder Pavel Durov.
COCOON is a decentralized artificial intelligence computing network that will run on the TON blockchain, providing privacy protection and data security. Its goal is to connect GPU providers, AI developers, and users, allowing those who provide computing resources to earn TON rewards, while developers can utilize these resources in a decentralized market. COCOON will be directly integrated into Telegram, aiming to bring over 900 million users into a decentralized AI infrastructure.
Telegram wallet can trade tokenized stocks
Aside from COCOON, the TON ecosystem has also launched tokenized US stocks. Users can now trade these tokenized stocks through the Telegram wallet. The value of TON has soared, closely related to its improved liquidity and increased institutional participation. Recently, TON has been listed on the Bitstamp exchange, bringing it broader trading channels and liquidity.
Coinbase Ventures and Gemini have expressed support for TON to join the exchange, and Chainlink has also announced that it will adopt TON as a cross-chain standard, becoming part of its interoperability protocol. This means that applications based on the TON blockchain can more easily integrate data from other chains, opening new pathways for DeFi, ecosystem services, and data flow.
In terms of technical analysis, CoinDesk Research's data model shows that TON has confirmed a breakout from a “double bottom pattern”, which is a common reversal pattern, suggesting that the market may welcome a new bullish wave. Trading volume has increased by about 15% compared to the previous period, and the relative strength index (RSI) has rebounded from the oversold area, indicating a recovery in market momentum.
TON aims to combine AI, decentralized finance, and social applications to create a true super app. However, decentralized AI itself is still in its early stages of development, and its sustainability is a significant variable; additionally, the legal risks of tokenization of stocks cannot be ignored. Although institutional funds are flowing in, the volatility of TON remains high, and the price may also correct in the short term.
This article discusses the positive impact of AI calculations and tokenization of stocks, with the expansion of the Telegram ecosystem driving the pump of TON, first appearing in Chain News ABMedia.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Price Just Flashed a Hidden Macro Retest – Analysts Predict the Real Fireworks
XRP is undergoing a significant macro breakout retest, suggesting potential for a notable upward move towards $15. Analyst insights indicate bullish momentum as buyers gain strength, with a successful retest validating the bullish outlook for sustained growth.
CaptainAltcoin2h ago
Bitcoin Rejects $76K as War and PPI Rock Markets
_ Bitcoin rejected $76,000 resistance as US strikes on Iran, hot PPI at 3.4%, and Powell’s FOMC tone sent crypto and risk assets into a sell-off._
Bitcoin hit $76,000 and turned back around. The rejection was clean. Sellers were waiting right at the level that traders had marked for
LiveBTCNews2h ago
Gold Price Dip Deepens – Is Smart Money Forcing the Market Lower?
Gold prices just took a nosedive, and people are trying to figure out why. Sure, markets move fast. But something about this drop feels off.
A trader named Wimar.X pointed out that hedge funds might be behind it. Here is the kicker. The CFTC data shows that hedge funds opened new short
CaptainAltcoin3h ago
'How Did You Manage That?': Peter Schiff Trolls Michael Saylor Over 4.5% Bitcoin Loss and $44 Billion Plans - U.Today
Michael Saylor continues to invest heavily in Bitcoin, purchasing $76.6 million worth despite facing criticism from Peter Schiff about recent losses. Saylor aims to acquire one million BTC, supported by a new $44.1 billion funding plan, while Schiff highlights the ongoing portfolio drawdown.
UToday4h ago
Cardano (ADA) Price Reclaims $0.26 as Volume Rockets 60% - U.Today
Cardano (ADA) has recovered to $0.26, up 3% with a 60% increase in trading volume. While analysts caution it remains range-bound, historical data suggests a potential bullish close in March, driven by market trends and DeFi growth.
UToday4h ago
Aster (ASTER) Price Breakout Fails After 35-Day Consolidation – What Happens Next?
The ASTER price has been consolidating for over a month, fluctuating without significant movement. A failed breakout led to a loss of key support at $0.68, indicating a bearish trend. The focus now is on whether it can recover above $0.68 to regain stability.
CaptainAltcoin5h ago
