Ankr Partners with TON Blockchain, Opening New Opportunities
2024-10-25

In a groundbreaking development for decentralized application (dApp) developers, Ankr has announced its partnership with The Open Network ( CRYPTOCAP:TON ) blockchain. This collaboration aims to provide developers with a ready-made infrastructure, simplifying the process of building and deploying dApps. Ankr’s integration of TON into its Web3 API service gives developers instant access to essential tools, enabling the creation of next-generation dApps and digital assets within the TON ecosystem.

TON and Ankr: A Partnership for Web3 Growth
The TON blockchain, designed to power Web3 applications within Telegram’s vast ecosystem, is built on Telegram’s original technology. Its goal is to place crypto in the hands of 500 million users by 2028, offering them ownership over their digital identities, data, and assets. By joining forces with Ankr, TON opens the door for seamless development, removing many of the traditional barriers associated with blockchain dApp creation.  

Ankr’s infrastructure eliminates the need for developers to set up their own TON nodes, saving countless hours of node operations and technical complexities. With TON RPCs (Remote Procedure Calls) provided by Ankr, developers can now access:

- Advanced tools for rapid application building: Ankr’s Premium RPC Plan offers dedicated TON endpoints, WebSockets capabilities, and support for up to 90,000 TON requests per minute.
- Prioritized requests and support: Developers using Ankr’s infrastructure gain access to priority support, ensuring faster development cycles.
- High-performance nodes: Ankr’s infrastructure connects developers to a decentralized network of high-performance nodes, allowing them to build and operate powerful applications on the TON chain.  

As Chandler Song, Co-Founder and CEO of Ankr, stated, “Ankr is thrilled to support development on TON and ignite the proliferation of next-gen dApps, digital assets, games, and more on Telegram and beyond.”

TON’s Growing Ecosystem and Market Performance
TON is making significant strides in the broader blockchain market. With a live price of $5.16 USD and a 24-hour trading volume of over $147 million, Toncoin ( CRYPTOCAP:TON ) has become one of the top contenders in the cryptocurrency space, ranked #10 on CoinMarketCap. The Toncoin ( CRYPTOCAP:TON ) circulating supply currently stands at 2.54 billion TON coins, with a market cap of $13.1 billion.

Despite its steady market presence,  CRYPTOCAP:TON  is experiencing some technical challenges as the token currently trades within a falling trend channel, signaling a possible temporary dip. The RSI (Relative Strength Index) stands at 43.52, placing it in neutral territory and presenting a potential buying opportunity for investors. Although not yet oversold, TON’s RSI suggests room for a trend reversal.

Support and Resistance Levels:  
- Immediate support for TON is currently at $4.70, a key level that could serve as a significant holding point.  
- On the upside, resistance is at $5.70, TON's previous stronghold. Breaking through this resistance could set the stage for further price gains, with some analysts predicting a rebound as the coin stabilizes.  

The Future of TON with Ankr’s Infrastructure
This partnership not only removes technical barriers but also empowers developers with the tools to build high-performance applications, digital assets, and games tailored for Telegram’s massive user base of 950 million. As Anthony Tsivarev, Director of Ecosystem Development at the TON Foundation, explained:  

"Working with Ankr highlights our commitment to providing developers with the tools to rapidly build dApps on TON and leverage Telegram's vast global reach."

With a broader decentralized node infrastructure and seamless developer tools, Ankr and TON are poised to revolutionize how blockchain applications are built and deployed, opening a new chapter for the blockchain community.

Technical Outlook
At the time of writing,  CRYPTOCAP:TON  is showing a 0.53% increase, holding steady above key moving averages. The token’s recent price action suggests it is navigating a temporary sideways trend between $5 and $5.2. With support at $4.70 and resistance at $5.70,  CRYPTOCAP:TON  may continue to swing in this range unless a significant breakout occurs.

As the partnership with Ankr strengthens the TON ecosystem, the next few weeks could be crucial for its price momentum, with developers and traders keeping a close watch on the technical patterns that may shape TON’s future.  

Conclusion
Ankr’s collaboration with  CRYPTOCAP:TON  brings a new level of ease and accessibility to dApp development, especially for projects building within the Telegram ecosystem. By providing instant access to a powerful and decentralized infrastructure, this partnership is expected to fuel the growth of innovative applications, digital assets, and more, setting the stage for a robust Web3 ecosystem on $TON.

Developers can now tap into Ankr’s Web3 API service to harness the potential of  CRYPTOCAP:TON  and create the next generation of decentralized solutions for millions of users worldwide. As the  CRYPTOCAP:TON  price shows signs of resilience, market participants and developers alike are optimistic about what lies ahead for this dynamic blockchain.