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Toncoin has failed to show a positive increase in price despite the recent announcement of new features by Telegram.
Telegram has announced a gift feature along with some other new features in its app. However, Toncoin (TON) has failed to show positive momentum despite the new addition to the social media messenger.
TON is trading at $5.22 at the time of publishing with a 2.7% price drop in the last 24 hours. According CoinGeckoThe currency is also down more than 10% in the last seven days.
In most cases, an important advertisement It is usually followed by a price bomb. However, despite the slightly positive crypto market conditions, TON has not reversed its negative course.
Telegram users can now send gifts to their friends
Telegram's latest announcement shows a new feature where users can send gifts to their friends. The person who receives the gift can use it to display it on their profile pages or even turn them into stars.
Telegram CEO Pavel Durov also revealed that some gifts are limited. He also stated that they will also introduce a feature to convert these gifts into TON-based nfts.
That's not the only revelation Telegram made. They also unveiled a platform for businesses that can verify customer phone numbers.
Additionally, Telegram has improved its reporting interface. The announcement highlighted that the app's moderators remove millions of content that violate its terms of service.
Now, they have enhanced the system with more capabilities to include more details and categories of the violation.
iOS receives redesigned video chats
Telegram announced that it has completely rebuilt video chats on iOS devices to increase battery life and performance.
This also means that devices now remain dramatically cooler on long calls, even with multiple video streams of dozens of participants.
Android users now receive support for live streaming with RTMP. This feature was previously available on iOS and desktop and has now expanded to Android.
Despite all the new features, TON is performing poorly. TON was trading above $8 in mid-2024.
However, the price was affected when Durov was arrested. However, the price is now slowly recovering.
