Two Altcoins Announce Major Partnerships: Prices Surge!

Aleksei Dmitry Melnik
By Aleksei Dmitry Melnik 1 Comment 1
3 Min Read

Web3 infrastructure provider Ankr has announced its integration with The Open Network (TON Blockchain), aimed at helping developers build applications for Telegram. Meanwhile, Chainlink has partnered with Botanix Labs to extend its reach into the Bitcoin space. These developments have led to significant price increases for both altcoins.

Two Altcoins Announce Major Partnerships: Prices Surge! = The Bit Journal

Ankr’s Integration with TON Blockchain Boosts Price

Ankr revealed that its integration with TON Blockchain will provide developers with a gateway to build on the network. This move allows developers to create dApps that can tap into Telegram’s vast user base of 950 million, without the need to deploy or maintain their own nodes. Instead, they can use Ankr’s API services for instant access to on-chain data and connect directly to the TON Blockchain.

Following the announcement, Ankr’s price surged from $0.026 to $0.0284, before a slight pullback. As of writing, ANKR is trading at $0.0279, up 6.4% on the day. The token’s trading volume also skyrocketed by 256%, indicating heightened interest from investors and traders.

Two Altcoins Announce Major Partnerships: Prices Surge! = The Bit Journal

TON Blockchain’s Unstoppable Rise

TON Blockchain has seen rapid growth, particularly in the development of mini apps and mini games on Telegram. Although TON is separate from Telegram, the blockchain maintains close ties to the messaging app. According to Anthony Tsivarev, Ecosystem Development Director at TON Foundation, “Working with Ankr emphasizes our commitment to providing developers with the tools to quickly build dApps on TON and leverage Telegram’s global reach.”

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In the past year, TON has experienced exceptional growth. According to TonStat, approximately 23 million new wallets have been activated, with over 11 million active addresses in a single month, putting it on par with Ethereum.

In another significant development, Chainlink announced its partnership with Botanix Labs, aiming to expand its operations into the Bitcoin ecosystem. Botanix Labs has joined the Chainlink Scale program, allowing it access to Chainlink’s oracle services. As part of this collaboration, Spiderchain—which supports cross-chain token transfers—has also connected to Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

Botanix Labs is building Spiderchain to be compatible with the Ethereum Virtual Machine (EVM) layer, marking another step toward cross-chain functionality and blockchain integration.

These developments mark significant milestones for both Ankr and Chainlink, reflecting their growing influence in the crypto space. As these partnerships continue to evolve, investors and developers alike are watching closely to see how these altcoins capitalize on their newfound momentum.

For more updates and insights on the evolving blockchain landscape, stay tuned to The Bit Journal.

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Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

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