This Altcoin Price Jumped When WhatsApp Crashed!

Messaging app WhatsApp crashed around 10:00 today. Millions of people turned to Telegram during its nearly two-hour offline period. Meanwhile, an altcoin project in contact with Telegram found the opportunity to rally.

Telegram contact altcoin rally as WhatsApp crashes

WhatsApp was down for millions of users who were unable to send or receive messages today. The popular instant contact app owned by Meta and used by many for fast communication went offline for almost two hours earlier today. Millions around the world could not connect via WhatsApp.

While the world was complaining about the WhatsApp crash, some cryptocurrency investors were quite happy about it. Toncoin (TON), a contact cryptocurrency with its biggest alternative Telegram, grew by almost 10% during the WhatsApp crash.

Toncoin (TON) and Telegram link

TON and Telegram are mutually exclusive friends. Telegram founder Pavel Durov is also one of the financiers of TON Blockchain. Additionally, the Telegram app has integrated TON’s cryptocurrency wallet into its platform. Durov has now shared Telegram’s intention to first launch an auction for usernames in August. TON was developed by Telegram along with its messaging app. However, they left in August 2020 after a lawsuit from the US Securities and Exchange Commission (SEC). The developers of the ecosystem later formed the TON Foundation to keep the project alive. It is also supported by Durov.

According to TON’s official website, the number of processes in Blockchain has reached 85.2 million with 1.4 million addresses and 232 validators.

Telegram accepts Toncoin payments

Although Telegram CEO Pavel Durov officially abandoned the project last year, he still cares about Telegram Open Network (TON) technology. In this context, they established a subsidiary with the last Donate. Also, Telegram announced that users will soon be able to donate and pay in Toncoin. In one-on-one time, channel managers will be able to collect their income with cryptocurrency.

TON, a blockchain, is signed by brothers Nikolai and Pavel Durov. However, the app decided to withdraw from TON Blockchain in 2020 after a long battle with the SEC. The SEC won a lawsuit accusing Telegram of violating US securities, which announced its $1.7 billion initial coin offering in 2018.

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