Polkadot-Powered Telenova: Novasama Technologies Launches Self-Custodial Telegram Wallet

• Telenova integrates USDT transfers into Telegram, making it easier to send digital assets without needing DOT tokens for fees.

• TON Blockchain and Tether team up to make USDT universally accessible with over 100 integrations across various regions.

In an announcement on X, Telenova, a new self-custodial wallet for the Polkadot ecosystem, announced that it has revolutionized USDT transfers by integrating them into Telegram. 

According to the tweet, Telenova’s integration allows users to send USDT directly through Telegram, simplifying the transfer of digital assets. This development eliminates the need for users to hold DOT tokens to cover transaction fees, making the process more straightforward and accessible. With Telenova, users can send USDT to any contact on Telegram or any address on the Polkadot Asset Hub, broadening the scope of USDT utility within the ecosystem.

Send USDT to anyone on @Telegram powered by @Polkadot via Telenova!

Get started with Telenova, the self-custodial Telegram Wallet for the Polkadot ecosystem today! https://t.co/j1wYRGu3Hk pic.twitter.com/3Va80XJUvK

— Novasama Technologies (@NovasamaTech) June 6, 2024

Additionally, the wallet’s user-friendly interface ensures that even those new to cryptocurrency can easily navigate and utilize the service. Telenova’s approach aligns with the broader trend of making cryptocurrencies more accessible and user-friendly. By integrating with a widely used platform like Telegram, Telenova facilitates easier transactions and promotes the use of USDT within everyday communications. This innovation is set to encourage more users to engage with digital currencies, thus driving the growth of the Polkadot ecosystem.

TON Blockchain and Tether Partner for USDT Adoption

This news comes as the TON blockchain, affiliated with the renowned messaging platform Telegram, is teaming up with Tether to drive widespread adoption. This collaboration aims to seamlessly integrate USDT into the TON ecosystem, focusing on expanding accessibility for users globally.

The partnership entails over 100 integrations across key regions such as Africa, Southeast Asia, Europe, the Middle East, and Latin America. Through this initiative, TON and Tether are committed to making USDT universally accessible. A dedicated team comprising business development professionals from both entities works diligently to facilitate smooth USDT integration with local partners and communities.

Polkadot’s Bullish Technical Outlook Emerges

Polkadot (DOT) has garnered attention in the cryptocurrency community due to recent technical indicators suggesting a potential upward movement. A bullish peanut pattern identified on the 2-hour chart by Crypto Analyst Hub hints at an impending price increase, indicating a favorable outlook for DOT in the near term. Additionally, supportive technical indicators, including a well-defined trend support line and a breached resistance level, further bolster optimism among traders and investors.

#DOTUSDT
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Update:#DOT formed a bullish peanut pattern on the 2 Hr time frame .
Breakout confirmation is already done
We are expecting a minimum of 12% very soon

Crypto Analyst Hub#BTC #ETH #DOTBTC #DOT #SIGNALS #SOL #CRYPTO $BTC $BNB $SOL $DOGE $USDT pic.twitter.com/y4Xgl0bUiJ

— CryptoAnalystHub (@Analysts_Hub) June 6, 2024

Analysts have set a price target of approximately $8 for DOT post-breakout, implying a potential 12% surge from current levels. Beyond technical analysis, industry experts such as Michaël van de Poppe express confidence in Polkadot’s long-term prospects. 

Van de Poppe believes DOT is undervalued, emphasizing its focus on Real-World Assets (RWAs) as a significant driver of future growth. Moreover, Polkadot’s recent JAM upgrade and involvement in prominent RWA projects like Centrifuge and Energy Web solidify its unique position in the blockchain sector.

$DOT is doing great in fundamental growth.

They are focusing on RWA and have multiple great projects within the ecosystem (Centrifuge & Energy Web).

Right now, the price starts to crawl upwards and I think it’s still a great time to accumulate a position. pic.twitter.com/EKypizcSG4

— Michaël van de Poppe (@CryptoMichNL) June 5, 2024

Van de Poppe’s analysis underscores DOT’s recent price movements, highlighting its ascent above critical resistance levels and establishing a higher low. The next crucial hurdle lies at a resistance level of $9.295, the breach of which could trigger a substantial rally, potentially propelling DOT towards a price gap near $17.