The rate has already exceeded 3 dollars
Toncoin, one of the promising cryptocurrencies, saw an 11% increase in response to news of Telegram's planned IPO.
Toncoin has already shown steady growth recently, thanks to the improvement of its ecosystem and increased investor interest in the project. However, the news of a possible Telegram IPO became a significant catalyst for the increase in the price of Toncoin.
Experts note that the Telegram IPO may lead to additional attention to the Toncoin cryptocurrency from investors, since Telegram is one of the largest and most popular instant messengers in the world.
Previously, Pavel Durov confirmed that the company is «exploring several options» on the launch of Telegram shares on the stock exchange, and also that the messenger may begin to make a profit this year.
In the past, Elon Musk made several statements that greatly influenced the rate of Bitcoin and altcoins.