The price of Toncoin went parabolic this week, rising more than 100% after Telegram founder Pavel Durov announced a major strategic overhaul that puts Telegram squarely at the center of the open network’s ecosystem.
summary
- The price of Toncoin rose more than 100% this week after Telegram founder Pavel Durov announced that Telegram will take direct control of the development of the TON ecosystem.
- Telegram has become the largest network validator and has introduced a “Make TON Great Again” roadmap focused on scaling, faster transactions, and deeper Telegram integration.
- TON rose after transaction fees were reduced to near-zero levels, and the Catchain 2.0 upgrade improved block times to nearly 400 milliseconds.
According to data from crypto.news, Toncoin (Tons) from less than $1.20 earlier this week to $2.90 on Wednesday before settling near $2.43 at press time. This explosive move made TON one of the best-performing large-cap cryptocurrencies over the past seven days.
The primary catalyst behind the rally came after Durov open On May 4, Telegram will replace the TON Foundation as the main force driving the development and adoption of the network.
As part of this shift, Telegram has reportedly become the largest validator on the network after storing millions of TON tokens, aligning the company’s interests more directly with the long-term growth and stability of the blockchain.
Durov also presented a new roadmap he calls “Make TON Great Again,” or MTONGA, which outlines a seven-step strategy focused on scaling infrastructure, improving transaction speeds, and expanding TON’s integration across the Telegram ecosystem of over 1 billion users.
Investor sentiment was further boosted after the network sharply reduced transaction fees by nearly six-fold to around $0.0005, a move aimed at making TON more attractive for micro-transactions, mini-apps and consumer payments.
Meanwhile, TON’s recent Catchain 2.0 infrastructure upgrade has dramatically improved network performance by reducing block times to approximately 400 milliseconds, allowing a transaction to be completed almost instantaneously.
The combination of Telegram’s deeper integration, faster infrastructure and lower transaction costs led to strong buying activity across spot and derivatives markets, while short liquidations accelerated bullish momentum.
On the daily chart, Toncoin price confirmed a strong breakout from a long accumulation range after bursting above the key $1.60 resistance area.
The rally also pushed TON above its 200-day moving average near $1.55, reinforcing bullish momentum and signaling a potential shift in direction of the long-term trend.
Momentum indicators indicate that buyers are still firmly in control despite signs of short-term exhaustion.
The RSI has risen above 90, reflecting very strong buying pressure, although these high levels can also indicate a temporary cooling off period or near-term volatility.
At the same time, the moving average bar has begun to turn to the upside, with the short-term moving averages returning above the longer-term averages after weeks of sideways consolidation.
If the bullish momentum continues, traders may next target the $3 psychological level, followed by the broader resistance area near $3.20.
On the downside, failure to hold above the $2.00 breakout zone could trigger profit taking and a retest of support near the $1.60-1.70 range before another move higher.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
