In the last 12 months, Telegram has grown from a social media communication app to a platform that hosts some of the biggest games in Web3, Web2, and the crypto community. One of its most successful projects, Notcoin, has made headlines with its recent listing on Binance.
Yesterday, Binance announced it would list Notcoin and open trading for four spot pairs at 10 a.m. UTC on Thursday. The official announcement said, “New Spot Trading Pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Users can now start depositing TON in preparation for trading. Withdrawals will open at 2024-08-09 10:00 (UTC).”
Users from Canada, Cuba, Crimea, Iran, Japan, the Netherlands, North Korea, Syria, the United States, and Ukraine are ineligible to trade these pairs.
Binance has also added Toncoin (TON) to Binance Simple Earn, “Buy Crypto,” and Binance Convert. In addition, Binance has added TON to Binance Margin and Binance Auto-Invest.
Toncoin (TON) ‘s price jumped by over 20% a day after its listing. According to on-chain data from Binance, Toncoin is worth $6.476507 and has a current market cap of $16.31B USD.
The Toncoin market’s recent strong drops and rebounding suggest a bump-and-run reversal (BARR) Bottom pattern. BARR Bottoms are technical analysis patterns that indicate the end of a downtrend and the start of an upswing. It consists of three stages: lead-in, bump, and run. That means Toncoin is headed for a bull run.
TON blockchain claims to have 5.8 million monthly active on-chain wallets, thanks to Telegram’s 950 million users. Its spike coincides with the introduction of popular Telegram mini-games such as Hamster Kombat, Yescoin, and Catizen.
Also Read: Hamster Kombat Announces Adding New Telegram Mini Games