Toncoin posts mild gains despite Telegram’s gift feature

Telegram introduced a gift function and a few other software updates Nevertheless, despite the new feature on social media messaging, Toncoin saw a little boost.
As of the time of writing, TON’s price has increased by 2% over the previous day to $5.3. CoinGecko for the past week, the coin has decreased by more than 8%.

Price action shows that despite minor upsides in the cryptocurrency market, TON’s downward trajectory hasn’t stopped.

With TON trading at $5.31 right now, it is moving in the direction of its horizontal channel’s lower line, which has served as support since March.  Last month, it sank to this line, and while the bulls can hold it, it couldn’t break above.

The altcoin’s price will reverse course and move upward toward the resistance level at around $8 the bulls can break key resistance levels around $6.5

Telegram created a new feature that allows users to give gifts to their pals, The person who receives the gift can use it to show it on their sites or even turn them into stars.
The CEO of Telegram, Pavel Durov, also revealed that not all gifts are available. Additionally, he said that a capability to convert these donations into TON-based NFTs will be introduced.

Telegram also revealed a technology that allows companies to confirm the phone numbers of their clients. The social app also enhanced its reporting interface. The notification made clear that millions of pieces of content that break the app’s terms of service are removed by moderators. The system is now more capable and can incorporate more categories and specifics of the infraction.

Meanwhile, Co-founder Pavel Durov and his partner Juli Vavilova recently disclosed that they had learned Juli was pregnant. The couple believes the stress of the subsequent investigation while French authorities briefly detained the Telegram founder-led to Juli’s miscarriage on October 4, 2024.

Durov was taken into custody on August 24, 2024, in France. Subsequently, it was revealed that in March 2024, French law enforcement had filed arrest warrants for Pavel Durov and his brother Nikolai.

The accusations included participation in the dissemination of child pornography as a result of what French authorities described as a deficiency in strict content filtering guidelines on the Telegram messaging app.