Telegram’s $TON, Best Altcoins Rally After Pavel Durov’s Statement on Alleged Romanian Election Interference

In a statement on Telegram, its CEO, Pavel Durov, alleged that a certain Western European government approached the platform asking it ‘to silence conservative voices in Romania ahead of yesterday’s presidential elections.’

He added that Telegram refused this request and emphasized that it won’t restrict the freedoms of its Romanian users. This has helped Telegram’s $TON token and some of the best altcoins rally in the past 24 hours.

While Durov didn’t directly name the government, the baguette emoji in his statement suggested interference from the French government.

If true, this isn’t the first time Durov clashed with France. In August 2024, he was detained in Paris after being held personally responsible for some users employing Telegram for illegal activities, like drug trafficking and the distribution of child pornography.

He was released several days later.

$TON Hits $3.13 After Durov’s Statement

The crypto community reacted positively to Durov’s refusal to submit to the French government’s request. Its native token, called Toncoin ($TON), briefly spiked from $3.04 to $3.19, translating to a 4.9% increase.

As privacy and cryptocurrencies often go hand in hand, the jump in $TON’s valuation is hardly surprising.

While still far from its $8.17 peak in June 2024, the increase is a clear signal of confidence from investors of the platform, which has approximately 1B monthly active users.

As $TON rallied in the past 24 hours, altcoins might rally soon, and it’s high time you considered investing. Let’s look at some of the most promising ones, plus essential information on $TON.

1. Solaxy ($SOLX) – Bringing Speed and Reliability to the Solana Blockchain

Solaxy is the first-ever Solana Layer 2 blockchain. This up-and-coming crypto project’s aim is simple: to solve failed transactions, network congestion, and scalability issues in Solana.

Once launched, Solaxy will deliver faster transaction speeds, even during peak hours.

Solaxy’s solution is an elegant one: use rollup architecture to process transactions off Solana’s main chain and onto a secondary L2 one.

Simultaneously, it bundles multiple transactions together for optimized on-chain validation.

In addition, developers will be able to create customized dApps using its modular infrastructure of plug-and-play components. Use cases include meme coins, custom financial systems, and gaming ecosystems.

Powering this project is the Solaxy ($SOLX) token, which is currently priced at $0.001728.

The token will undergo another price increase in a few hours, so you should grab yours while it’s at its cheapest. To date, the project has raised over $37.6M during its presale. This makes it one of the best crypto presales of the year.

Alternatively, you can immediately stake your $SOLX tokens for a 107% APY. This will let you earn passive rewards while supporting the project. For more information on how to buy the token, you can check out our Solaxy ($SOLX) buying guide.

2. Best Wallet Token ($BEST) – Get Exclusive Perks on the Best Wallet Ecosystem

Best Wallet is a cryptocurrency wallet that aims to capture 40% of the crypto wallet market by 2026. It’s a highly capable wallet with plenty of useful features beyond allowing you to buy, sell, and store cryptocurrencies. For one, it has a Token Launchpad, which gives you access to new meme coins on presale.

As a no-KYC cryptocurrency wallet, privacy is at the heart of the app. This means you can use it without undergoing any Know Your Customer (KYC) process, typically requiring you to submit a government-issued ID.

Best Wallet Token ($BEST) is the token that powers this ecosystem. Through it, you’ll receive exclusive perks, like reduced transaction fees, early access to crypto presales on its Token Launchpad, and governance rights, which allow you to vote on key decisions within the Best Wallet Ecosystem.

With over $12.4M raised during the presale, Best Wallet Token is easily up there with Solaxy as one of the hottest presales of the year.

You can buy $BEST via its presale page or directly through the Best Wallet app. It currently costs $0.025045, but it will increase in less than a day, so act quickly to get the token for cheaper.

Best Wallet tokens are still relatively cheap at this point, but we expect them to grow exponentially in the coming years as the team rolls out new features.

These include a portfolio management feature, derivatives trading, and limit and stop-loss orders.

3. Toncoin ($TON) – Support Free Speech and Privacy with Telegram’s Native Token

Launched in 2019, Telegram’s native coin has had a long and interesting journey in the crypto space. Initially called Grams, $TON has had battles with US regulators, as well as the US Securities and Exchange Commission.

But over time, the token flourished, with a major mainnet upgrade being one of its most recent improvements.

While it still specializes in financial applications, it has expanded its services, including peer-to-peer file-sharing, a Domain Name Service, and a proxy service that connects developers with apps on the TON blockchain.

Today, $TON has a market capitalization of over $7.5B according to CoinGecko. Unlike the other two tokens on our list, you can already trade $TON on major exchanges, including HTX, Binance, and Bybit.

While the token reached $8.17 highs, it typically hovers around $3 these days, making it a fairly affordable investment. This is especially true if you want to invest in a project that’s serious about privacy and freedom of speech.

The Future is Bright with $TON, $SOLX, and $BEST

As Telegram stands strong in its fight for free speech and privacy, altcoins like Best Wallet Token and Solaxy promise a future where you can transact with both transparency and privacy, and free from the reins of traditional finance.

And as these tokens cost only several cents each, they help level the playing field for investors. Now, you can participate in the crypto space even with a small initial investment.

But always remember that the market is highly volatile. Only invest what you can afford to lose and always DYOR before committing to crypto investments.