Telegram has announced the launch of support for Ethereum Virtual Machine (EVM) decentralized applications within its messenger, allowing one billion users to interact with various DApps directly.
Launch of Tac Mainnet in Telegram
With the launch of the Tac mainnet in Telegram, users can now utilize EVM decentralized applications without additional technical complexities. This move could significantly enhance DApp adoption and draw investments into the TON network.
Price Analysis of Toncoin
The price of Toncoin (TON) is currently above the moving averages and nearing the downtrend line. The 20-day exponential moving average ($2.94) has begun to show an upward trend, and the Relative Strength Index (RSI) indicates advantages for buyers.
Market Outlook
While buyers are attempting to push the price toward the downtrend line, sellers are expected to defend this resistance. A successful breakout could drive the price towards $3.69; however, a sharp decline would indicate the dominance of bears.
The integration of EVM applications in Telegram and the circumstances in the Toncoin market are in a state of flux, which may impact future price dynamics and user acceptance.
