IntoTheBlock Expands Platform with the Integration of TON

The Open Network (TON) has partnered with IntoTheBlock (ITB) to give TON users free access to advanced analytics tools. Over 60 indicators are now available

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The Open Network (TON) has announced a partnership with IntoTheBlock (ITB) to provide TON users with complimentary access to advanced analytics tools. Over 60 indicators are now available to the TON community, aiming to enhance transparency and user engagement within the TON ecosystem.

IntoTheBlock Expands Platform with the Integration

As a provider of on-chain analytics and DeFi services, IntoTheBlock has integrated TON into its platform. This integration, part of ITB’s Market Intelligence suite, provides TON users with free access to a range of analytical tools.

Exciting news! @ton_blockchain analytics are now live on IntoTheBlock!?

We're thrilled to support one of the fastest-growing blockchain networks, providing you with in-depth insights and analytics.https://t.co/JbrMuGYu8u"

— IntoTheBlock (@intotheblock) August 9, 2024

These tools cover various aspects of the network’s performance, including transaction volumes, network health, and user activity metrics. With over 60 indicators, users can now analyze TON data to optimize their experience on the platform.

TON Growth and Future Prospects

The integration comes at a time when significant growth is evident on TON. According to recent data from IntoTheBlock, there has been a surge in network activity.

Furthermore, TON reports that the Telegram platform has 950 million monthly users, a metric that aligns with the rise of Telegram Mini Apps.

Gm ?

Telegram has 950M monthly active users.Reply $TON + RT if you're one of them! pic.twitter.com/ALpyWSBqC3

— TON ? (@ton_blockchain) August 8, 2024

Since December 2023, Telegram Mini Apps have been a major driver of TON’s growth. These apps, which integrate with Telegram, have introduced new capabilities to Telegram users.

Among these features are token transfers, micropayments, and smart contract interactions, all of which can be accessed directly within Telegram chats.

The success of Telegram Mini Apps could serve as a substantial growth driver for the coin, and its partnership with Trust Wallet in July 2024 further contributes to this trend.

This partnership specifically targets game finance and decentralized applications, enabling Trust Wallet’s 100 million users to send and receive the coin.

According to Nate Zou of Trust Wallet, adding this capability will facilitate greater utilization of the coin’s network, which could include swapping tokens within the TON network or between different blockchains, with potential future support for TON-based NFTs.

Together, this partnership and the ITB integration position TON for potential rapid growth.

TON Price Shines Green Today – Will it Reach $7?

Amid the bullish developments within the Ton ecosystem, the token’s price is showing a green performance. On August 6, OKX announced its support for the ecosystem, sparking bullish sentiment.

? @okxweb3 has launched #TON Cryptopedia with a $350K prize pool!

Explore 9 innovative TON projects, including @CatizenAI, @Yescoin_Fam, @ston_fi, @dedust_io, and more, and complete tasks to win tokens and in-game assets from the TON Ecosystem. ?

To celebrate OKX Wallet’s… pic.twitter.com/rBdGjHKFl1

— TON ? (@ton_blockchain) August 6, 2024

Later, on August 8, Binance, the world’s largest crypto exchange, listed the token.

BREAKING: $TON is listed on the Binance pic.twitter.com/aYEJSDC2LA

— Viktor ?? (@s0meone_u_know) August 8, 2024

As evident on its trading chart, following this announcement, TON’s price rose from $5.4 to $6.4. At the time of writing, the coin trades around $6.44, sustaining these gains. Over the past day, the coin has risen by 4.3%.

According to the chart, the price is already heading towards the upper Bollinger Band, indicating bullish strength in the market. A breakout above this level could lead to a price surge to $7.

Overall, the coin is bullish; if this sentiment is sustained, the price could reach $7 quickly. However, it's crucial to note that the crypto market is volatile, and prices may sometimes deviate from predicted levels. As such, investors are advised to stay up-to-date

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