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TON and Telegram narrative may be overvalued according to new research

The Telegram narrative for Toncoin (TON) has gained relevance among market participants, as TON price rallied nearly 20% in June on the OKX exchange. However, a new analysis from Blockworks Research suggests that TON and the Telegram narrative may be overvalued.

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Categories that this news has been tagged with includes:

  • Market news

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This news story falls under the following sentiment:

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Headline:
TON and Telegram narrative may be overvalued according to new research

Short description:
The Telegram narrative for Toncoin (TON) has gained relevance among market participants, as TON price rallied nearly 20% in June on the OKX exchange. However, a new analysis from Blockworks Research suggests that TON and the Telegram narrative may be overvalued.

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Posted on Friday, June 28, 2024.

About TON

The Open Network (TON) is a decentralized and open internet platform made up of several components. These include: TON Blockchain, TON DNS, TON Storage, and TON Sites. TON Blockchain is the core protocol that connects TON’s underlying infrastructure together to form the greater TON Ecosystem.

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