Telegram developer’s cryptocurrency has risen sharply in just three days

Editor’s note: not investment advice!

Telegram recently reached an important milestone, attracting 900 million users. This had a direct impact on the value of TON, the cryptocurrency integrated with the messenger. The growth in the number of users has caused the value of TON to increase by 17% in the last three days alone.

The integration of TON into Telegram allows users to execute transactions directly through the app using the built-in Telegram wallet. This facilitates transactions on the TON network, which features low USDT transfer fees, which is a significant advantage for users who transact frequently.

However, the integration of the wallet into the messenger raises many security issues for the crypto community. Critics point out that although the wallet is convenient for everyday transactions, it may not provide the necessary level of security for storing a significant amount of crypto assets. For security-conscious users, traditional hardware wallets remain the recommended option due to their high security standards.

However, the Telegram ecosystem offers unique opportunities. It contains a variety of apps and bots that allow users to interact with their wallets, such as participating in decentralized financial (DeFi) activities directly through the messenger. Such functionality not only increases user engagement but also promotes the widespread use of cryptocurrencies in everyday life.

The growth of TON’s blockchain is closely linked to Telegram’s user base, and as the app becomes more active in the crypto space, TON may experience even greater adoption and use, analysts believe. However, this growth must be balanced against regulatory compliance and security requirements, factors that will determine TON’s long-term viability in the competitive world of cryptocurrencies.