Toncoin surges 20% as new integrations drive growth

Toncoin (CRYPTO:TON) has experienced a nearly 20% increase in its price over the past week, attracting the attention of investors and traders. 

This surge comes amid several key developments that have fueled excitement around the token. 

Although the market has retraced by a percent in the last 24 hours, the altcoin market has shown a significant recovery, suggesting continued momentum for TON.

One of the primary drivers behind Toncoin's upward movement is the integration of a decentralized application (dApp) browser on Telegram, facilitated by Ton Keeper, the platform’s native crypto wallet. 

This integration allows users to access dApps directly through Telegram with just a few taps, significantly expanding the platform's accessibility. 

As Tonkeeper announced, "The Tonkeeper dApps browser is now live on Telegram, bringing dApps directly to users," enhancing their Web3 experience by providing easy access to tools, games, and DeFi products.

Additionally, stablecoin liquidity on the TON network has seen substantial growth following the integration of USDT (CRYPTO:USDT) on Telegram. 

According to CryptoQuant, the supply of USDT on TON has increased to $729 million in just four months. 

This surge has been driven by Telegram’s widespread usage in retail activities and TON's low transaction fees, making it an attractive option for users. 

Decentralized exchanges remain the primary source of stablecoin activity on the platform, and the new dApp browser is expected to further boost liquidity by simplifying access to DeFi services.

Moreover, TON’s recent listing on Revolut, a global fintech platform with 45 million users, has increased its visibility among retail investors. 

This listing is likely to contribute to the long-term performance and recognition of TON as it continues to develop.

However, despite the recent bullish momentum, investors and traders should exercise caution in the short term. 

TON's market remains predominantly bearish, with the token facing resistance at the $5.9 level. 

If bears break through the $5.5 support, it could lead to a further decline towards $5.1. 

The token's relative strength index (RSI) has yet to indicate a major shift in momentum, suggesting that the market may still face volatility.

At the time of reporting, the Toncoin (TON) price was $5.58.