In a groundbreaking move, TON-based Wallet has unveiled its self-custodial version, TON Space. The company, operated by Telegram, intends to introduce this feature as the default for all global users in November, excluding those in the United States. This strategic shift is part of TON’s ambitious plan to onboard a staggering 30% of Telegram’s user base by 2028.
Wu Blockchain, a notable source for cryptocurrency updates, shared a tweet about TON Space, the self-custodial wallet’s launch, and its ambitious goals:
The launch of TON Space marks a significant milestone in the evolution of digital wallets and decentralized finance. With this move, Telegram aims to enhance user experience and tap into the burgeoning world of blockchain and cryptocurrencies.
The self-custodial nature of TON Space empowers users with full control over their digital assets. Unlike traditional custodial wallets, where third parties manage users’ assets, self-custodial wallets provide individuals with complete ownership and security of their cryptocurrencies. This shift aligns with the growing demand for decentralized solutions in the digital finance sector.
Telegram’s decision to make TON Space the default for global users outside of the United States highlights its commitment to expanding the adoption of blockchain technology. While the United States has been cautious in its approach to cryptocurrencies, the international community is showing increasing interest and enthusiasm for these innovative financial tools.
By introducing TON Space as the default option, Telegram is poised to expose millions of users to the world of blockchain and cryptocurrency. This strategic move could have a ripple effect, encouraging other tech giants to explore blockchain integration and decentralized finance solutions.
The company’s ambitious goal of onboarding 30% of all Telegram users to TON by 2028 is not to be underestimated. With over half a billion users worldwide, achieving such widespread adoption would be monumental for the blockchain industry. It signifies blockchain technology’s growing influence and potential in reshaping the future of finance and communication.
Toncoin (TON) has experienced a notable price surge in the last 24 hours, with its value rising by 11.67% to reach $1.93. This increase in price has propelled Toncoin to the 11th position in terms of market capitalization, currently standing at $6,611,652,967. Moreover, the 24-hour trading volume for Toncoin has reached $61,651,428, reflecting a significant increase in trading activity.
In terms of relative strength, the RSI (Relative Strength Index) at 56.32 on the daily chart suggests that Toncoin is in a somewhat neutral territory. While it’s not overbought, there’s room for potential price appreciation. However, traders should remain cautious as a drop below the 50-level could indicate a weakening trend.
One of the noteworthy aspects of Toncoin’s performance is its resilience over the past year. Despite a significant dip from its all-time high of $5.84 on November 12, 2021, Toncoin has shown a remarkable recovery, gaining 393.39% from its all-time low of $0.3906 on September 20, 2021. This impressive comeback highlights the coin’s potential for investors.
In conclusion, TON Space’s launch as a self-custodial wallet and its subsequent adoption as the default option for global Telegram users represent a significant step forward in the world of blockchain and cryptocurrencies. Telegram’s ambition to bring 30% of its user base into the blockchain ecosystem by 2028 is a testament to the transformative power of decentralized finance. As the global digital landscape evolves, TON Space stands as a pioneering example of the future of digital asset management.
