Ankr’s recent integration with The Open Network (TON) is creating excitement among developers and investors. The partnership, designed to facilitate decentralized application (dApp) development on TON, could impact Toncoin Price in the coming months.
With Ankr’s advanced Web3 API service now integrated, developers have streamlined access to the TON, positioning the network for substantial growth. As a result, many are speculating about how this development could influence Toncoin Price.
Ankr’s TON Blockchain Integration Could Boost Toncoin Price
Ankr’s integration with the TON Blockchain enables developers to build decentralized applications (dApps) with greater ease, especially within the Telegram ecosystem, which boasts over 950 million users.
With Ankr’s Remote Procedure Calls (RPCs), developers no longer need to deploy or maintain their own blockchain nodes to access on-chain data. Instead, they can directly interact with TON’s network through pre-configured APIs. This simplifies the dApp creation process.
Additionally, Ankr’s TON RPCs will allow developers fetch real-time data, execute transactions, and manage wallet operations without the operational overhead of node maintenance. Consequently, Ankr is lowering the entry barriers for developers, making it easier to build high-performance dApps and digital assets.
More so, the geo-distributed nature of these RPCs will ensure low latency and reliable connectivity. The streamlined access will attract more developers to build on the blockchain. This will drive further network activity and, in turn, influencing Toncoin Price.
Furthermore, the growing utility of the TON protocol is showcased by its rapid user adoption. Earlier this month, the Tegram Blockchain registered more than 11 million monthly active addresses, fueled by dApps, mini-apps, and gaming tokens.
Similarly, the increasing activity could directly influence the demand for Toncoin, as it remains the native token of the TON ecosystem.
In addition, the partnership comes at a time when the TON Network has reached 100 million unique holders. This is a sharp increase from the 4.3 million holders recorded this year, illustrating the rapid adoption of the network. As more users join, Toncoin Price is expected to see more volatility and growth opportunities.
Will TON Price Reach $8?
At press time, Toncoin Price consolidates around $5 with a 0.65% 24 hour price surge. However, the growing demand for stablecoin transactions and the increasing utility of the TON Blockchain suggest that a price surge to $8 could be within reach.
Recent data indicates that USDT transactions exceeded $300 million on the TON network have, underscoring the growing appeal of the platform.
Additionally, whale accumulation and a decline in exchange supply are positive indicators for Toncoin Price. With fewer tokens available on exchanges and more held in cold storage, the market could see reduced selling pressure. Hence, TON Price could break through current resistance levels and aim for an $8 breakout in the coming weeks.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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