The recent integration between Ankr and The Open Network (TON) has generated excitement among developers and investors. This partnership aims to foster decentralized application (dApp) development on TON and is likely to impact Toncoin price in the coming months.
The integration of Ankr’s advanced Web3 API services allows developers to streamline access to TON and position the network for significant growth. As a result, many are speculating about how this development will affect Toncoin price.
Ankr’s TON Blockchain Integration Could Increase Toncoin Price
The integration of Ankr and the TON blockchain will make it easier for developers to build decentralized applications (dApps), especially within the Telegram ecosystem, which boasts over 950 million users.
With Ankr’s remote procedure calls (RPC), developers no longer need to deploy or maintain their own blockchain nodes to access on-chain data. Instead, you can interact directly with TON’s network through preconfigured APIs. This simplifies the process of creating a dApp.
Additionally, Ankr’s TON RPC allows developers to fetch real-time data, execute transactions, and manage wallet operations without the operational overhead associated with node maintenance. As a result, Ankr lowers the barrier to entry for developers and makes it easier to build high-performance dApps and digital assets.
Additionally, the geographically distributed nature of these RPCs ensures low latency and reliable connectivity. Streamlined access will encourage more developers to build on blockchain. This will encourage further network activity and in turn affect Toncoin price.
Additionally, the growing utility of the TON protocol is evidenced by its rapid adoption by users. Earlier this month, the Tegram blockchain registered more than 11 million monthly active addresses leveraging dApps, mini-apps, and game tokens.
Similarly, as Toncoin remains the native token of the TON ecosystem, increased activity could directly impact the demand for Toncoin.
Additionally, this partnership comes at a time when TON Network has reached 100 million unique holders. This is a sharp increase from the 4.3 million holders recorded this year and shows the network’s rapid adoption. As more users join, we expect more volatility and growth opportunities for Toncoin Price.
Will the TON price reach $8?
At the time of writing, Toncoin price is hovering around $5, with a price increase of 0.65% in 24 hours. However, the growing demand for stablecoin trading and the growing utility of the TON blockchain suggests that a price spike to $8 may be within reach.
Recent data shows that USDT transactions on the TON network exceed $300 million, demonstrating the growing appeal of the platform.
Moreover, whale accumulation and reduction in exchange supply are positive indicators for Toncoin price. With fewer tokens available on exchanges and more tokens in cold storage, selling pressure in the market could ease. Therefore, TON Price could break through the current resistance level and aim for a $8 breakout in the coming weeks.
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Ronnie Mugendi
Ronnie Mugendi is a veteran crypto journalist with 4 years of professional experience and has contributed significantly to various media outlets regarding cryptocurrency trends and technology. With over 4,000 articles published in various media outlets, we aim to inform, educate and introduce more people to the world of blockchain and DeFi. Outside of his journalism career, Ronnie enjoys the thrill of riding his bike and exploring new roads and landscapes.
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
