There’s a token out there which is currently #10 on CoinGecko.
It has risen above Solana, Polygon, Litecoin, Shib and Tron.
And nobody knows what it does.
This is not a recommendation to buy.
This is only a quick overview to keep you informed and abreast of a token who has made an insane run in a bear market.
I check into the crypto market every day, and I would see the darndest thing as every token was falling, whilst TON was climbing by double-digits.
And it just kept happening.
Now I’ve seen tokens like this have a meteoric rise because people were pumping it. I would even have my own followers ask what I thought about it.
I would always automatically say it was trash. Obviously pumped.
And I was always right.
….that was until Shiba Inu came around, but screw it, can’t win ’em all.
Toncoin has risen a lot but at a slower, more sustainable rate and does have some legs. I still don’t recommend it, but let’s see what we’re dealing with here.
The Easiest Way To Explain It
If you invest in TON, you’re investing in the future of the social media platform Telegram.
TON, or “The Open Network” is the blockchain Telegram runs on.
This blockchain went from proof of work to proof of stake awhile back, and has gotten a lot faster as a result.
I am on Telegram (independent of what I do with you guys, do please don’t look me up), and I love the platform.
I was not aware it had so many other features in terms of crypto transfers, trading, and storage. Very cool.
And TON makes this possible.
TON has actually been around since 2018 (remember Telegram web addresses?), but it got a little too far ahead of itself and got sued by the SEC, and settled, but this had set the project back a lot.
It has since recovered, and now looks poised to do some damage.
For more details, I’ll embed the following video below. This guy goes over the finer points without shilling or getting overly technical, which I can respect.
He’s a small channel too, so let’s get the homie some views.
Conclusion
I don’t like to FOMO into anything which has risen this much in such a short amount of time, especially in a bear market.
But I’m watching this one.
I’m bullish on the future of Telegram. It’s cleaner and safer than Discord, and the ability to transact crypto along its users is another bullish sign.
If I ever do decide to buy, I will of course make a podcast episode about it and let everyone know.
— VP