Toncoin (TON) Catches Fresh Attention After Pavel Durov Leaves France

Toncoin's open interest (OI) jumped by 67% to $169 million soon after reports that Telegram founder Pavel Durov left France.

Toncoin (TON) has been gaining attention once again as it aims to return to the top 10 crypto by market cap, while a different altcoin, Remittix (RTX), is offering a more practical path for achieving big gains.

Toncoin, the native token of The Open Network, aims to power Telegram's Mini App ecosystem and is currently trading at around $3.55. The token has seen a surge in open interest, hitting $169 million on March 15. This spike follows reports of Telegram founder Pavel Durov leaving France, where he had been placed under restriction since August 2024.

To put this in perspective, last time Durov's arrest news came up, Toncoin's open interest went up 32% on August 13, although the coin dropped 12% after. This time, however, saw a 17% price increase during the open interest surge as it rose to $3.45, later settling at around $3.55.

Investors are now focused on whether Toncoin can sustain this momentum or if a fallback below $3 could liquidate around $18.8 million in long positions. Some believe that Durov's departure might remove a potential regulatory overhang on the coin, but ultimately, it's still heavily reliant on Telegram's success and faces the potential for sudden volatility.

On the other hand, Remittix (RTX) offers a more direct solution to a pressing real-world need cross-border payments. Priced at $0.0734, RTX has already raised $13.9+ million with over 519 million tokens sold. The token automates the process of converting crypto (like BTC or ETH) into local fiat and depositing it into a bank account, usually within 24 hours.

This translates to less hassle and lower fees for freelancers, small businesses, and families sending money overseas. Observers note that if Remittix manages to secure large partnerships, such as with e-commerce or payroll services, it could lead to more people using RTX for everyday transactions, quickly boosting daily volumes.

Furthermore, RTX uses locked tokens and has been audited, making it safer than many new projects. For investors looking for substantial potential for growth in a short period, Remittix might be a more appealing option than a coin like Toncoin, which is dependent on the success of Telegram and faces uncertainty with regulatory conditions.

Toncoin Gains Momentum Amid RedotPay Integration

Toncoin (TON) has been showing signs of renewed strength as it aims to reclaim a spot in the top 10 crypto, while Remittix (RTX) offers a different track to achieving massive gains in a short time.

As reported by RedotPay, the company has integrated the TON Blockchain, enabling TON users to access RedotPay's platform for swift crypto payments to over 130 million merchants worldwide.

This move follows RedotPay's announcement of special discounts and cashback rewards for a limited time on both Virtual Cards (50% off for a 10 USDT deposit) and Physical Cards (30% off for a 100 USDT deposit) made through TON.

The increased accessibility to Virtual and Physical Cards showcases the network's efforts to expand real-world adoption.

Toncoin Open Interest Surges 67%

Toncoin's open interest has surged by 67%, reaching $169 million on March 15. This surge follows reports of Telegram founder Pavel Durov leaving France, where he had been restricted since August 2024.

To put this in perspective, last time Durov's arrest news came up, it saw Toncoin's open interest go up 32% on August 13, although the coin dropped 12% after.

This time, however, saw a 17% price increase during the open interest surge as it rose to $3.45, later settling at around $3.55.

Investors are now focused on whether the coin can sustain this momentum or if a fallback below $3 could liquidate around $18.8 million in long positions.

Some analysts believe that Durov's departure might remove a potential regulatory overhang on the coin, but ultimately, it's still heavily reliant on Telegram's success and faces the potential for sudden volatility.

Remittix Offers a More Practical Path for Huge Gains

While Toncoin tries to retake a top 10 spot, Remittix (RTX) offers a more direct approach to a real-world need: cross-border payments.

Priced at $0.0734, RTX has already raised $13.9+ million with over 519 million tokens sold. The token automates the process of converting crypto (like BTC or ETH) into local fiat and depositing it into a bank account,