Toncoin (TON) hits an all-time high (ATH) of $7.8 amidst a breakthrough in the Telegram ecosystem. On June 5, 2024, the Robinhood Crypto app for the European market also announced its support for TON.
Amidst the soaring crypto market due to the Bitcoin Spot ETF achieving the second-highest inflow in history, many coins that had been accumulating momentum experienced significant gains.
Besides BNB reaching a new ATH at $716, another ecosystem showing substantial growth potential is Toncoin (TON).
TON’s price just hit an ATH at $7.8 a few hours ago, and it has now slightly decreased to around $7.45. Over the past 7 days, this coin’s price has increased by 15%.
- How to Use Ton raffles in the Ton Blockchain Ecosystem
- Exploring the TON Coin Project: What You Need to Know
TON continues to receive positive news with Robinhood Crypto EU beginning to offer trading for TON in select countries.
The Robinhood Crypto EU app was launched just late last year, following a prolonged effort to meet the stringent regulatory standards of the European authorities.
Meanwhile, the parent company, Robinhood Markets Inc., is a financial trading platform headquartered in California, USA. According to various sources, the world’s third-largest Bitcoin wallet, holding 118,300 BTC (valued at $3 billion), and a top 5 ETH holder wallet are owned by Robinhood.
However, due to the regulatory crackdown by U.S. authorities, Robinhood can only offer very limited crypto-related services. Expanding into markets outside the U.S. is seen as an inevitable trend for domestic trading platforms.
According to information from their website, Robinhood Crypto EU currently supports around 30 coins, including BTC, ETH, SOL, BCH, DOT, EOS, ETC, LINK, and more. Previously, WIF’s price surged when the platform announced its listing.
Not only has TON performed well, but the entire Telegram ecosystem has also recorded impressive achievements. Most notably, the game Tap to Earn Notcoin saw its NOT token price increase by 50%, ranking fourth in market trading volume.