TON Price Prediction: Is The New Telegram Partnership the Catalyst TON Needs to Hit $10?

Now that TON is the exclusive blockchain for Telegram mini apps, is TON set for a huge rally? And what else is happening on the blockchain that could push the price higher? Read this to find out.

Telegram has announced that TON will be the exclusive blockchain for its mini apps, a move that has sparked discussion and anticipation within the crypto community.

Under the new partnership, all new mini apps on Telegram must run on TON, and existing ones must migrate to the blockchain. TON Connect will become the only accepted wallet app to work with mini-apps, bringing much-needed safety and clarity to the blockchain.

Another bullish factor is that Telegram will only accept Toncoin (or fiat) for all their products and services including Telegram Stars, Premium, Ads, and Gateway, which is a platform alternative to SMS verification.

While some have responded with criticism, seeing it as a move against decentralization, and possibly too much too soon for the blockchain, the Toncoin Foundation responded by saying that the update will ensure that users have a “safe, secure, and seamless UX”.

They also noted that projects are not locked into TON, and are free to build on other blockchains if they wish.

The team also said, “Toncoin will be the only currency used to pay Telegram Mini App developers and channel owners for their earned Telegram Stars and advertisement revenue.” This could be very bullish for Toncoin's price action

The TON ecosystem has seen a lot of growth, but there’s still a long way to go before it rivals the likes of Ethereum or Solana. The Telegram partnership could be the catalyst needed to turn TON into a major player, especially with nearly a billion users now potentially interacting with blockchain technology through familiar apps.

The focus on mini-apps could lead to widespread adoption as developers get excited about building on TON. If Toncoin's role as the primary currency solidifies, it could drive consistent demand, helping push the price closer to the $10 mark.

Telegram And Toncoin Partnership Opens Doors For DeFi

The team behind Elluminex is well aware of Telegram’s user experience, especially when it comes to DeFi. And so a clear and crisp UI is the foundation of the Elluminex platform.

But the idea is to make doing DeFi on TON as easy as DeFi on Arbitrum or BASE. While most blockchains have a unified hub for DeFi, TON does not. Existing apps offer limited features or are hard to use, often due to low liquidity and a confusing interface.

Some presume a level of familiarity with web3 and DeFi that won’t suit people who are first starting out. Elluminex is aiming to combat this, not only with its interface and features – such as AI portfolio trackers and risk management – but also with an education academy.

And for critics of the TON/Telegram partnership who suggest that the exclusivity could affect liquidity, Elluminex plans to help tackle this by providing deep liquidity for a wide selection of cryptos.

Elluminex is in the first stage of its presale, at $0.06 a token, having raised over $300,000 in its first week of going live.

Considering the size of the Telegram/Toncoin opportunity, and the gap in the market, Elluminex could be the protocol that helps finalize the Toncoin push to $10.

For more information about Elluminex (ELX) visit the links below:

Website: https://elluminex.com

Twitter/X: https://x.com/elluminex

Telegram: https://t.me/Elluminex