The Toncoin cryptocurrency rose in price by 60% in two days amid anticipation of the Telegram IPO, the possibility of which was previously discussed by Pavel Durov. The growth of the TON rate led it to be among the top 20 cryptocurrencies in terms of market capitalization.
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Toncoin (TON) rate grew by 60% in two days and placed it among the top 20 cryptocurrencies by market capitalization. TON’s growth is facilitated by news about a possible imminent Telegram IPO, CoinDesk writes.
According to the current data at the time of this publication, the TON exchange rate is $4.33 with a market capitalization of the cryptocurrency of $15.05 billion.
Previously, Telegram founder Pavel Durov gave an interview to the Financial Times, in which he talked about a possible Telegram IPO. He called going public through an initial public offering (IPO) a means to democratize access to the service. According to Durov, potential investors valued the company at $30 billion.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
