This Layer-1 ETH-Based Crypto Asset Got a 60% Boost

This Layer-1 ETH-Based Crypto Asset Got a 60% Boost

Pavel Durov announced updates on Telegram’s auction platform, Fragment.
The announcement gave Toncoin a boost.
Toncoin was trading at the market price of $2.42.
The year is about to end but the crypto market appears to stay down by 2022’s end. From the most trusted stablecoin getting “unstable” to the collapse of the $36 Billion empire overnight led the market towards a massive plunge. But a recent announcement by Pavel Durov, founder of Telegram, gave a boost to Toncoin, the native crypto asset behind TON network.
Toncoin Witnesses a Significant Gain
Paul Durov announced last month that they will upgrade Fragment, the application’s decentralized auction platform to include a DEX and custodial digital wallets. He said that this announcement was in part due to the recent fall of FTX cryptocurrency exchange and the scrutiny that followed the centralized exchanges after the event.
Sam Bankman-Fried, the former CEO of FTX exchange was recently arrested in the Bahamas. He was char

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