TON Coin, associated with
Telegram, has been subject to outstanding market volatility and evolving dynamics. Demonstrating both bullish and bearish trends, it experienced a sell-off dropping below $3 and an 8% loss, further induced by
Elon Musk's disagreement with Telegram. On the flipside, it exhibited potential for a 40% breakout, piqued by
Pavel Durov's departure from France.
Tether launched its gold stablecoin on TON, and ETHENA, a DeFi platform, strategically integrated with TON. Moreover, TON saw a potential breakout, assuming a double top pattern.
Significant financial activities impacting TON include Earn.com raising $1.7 billion through a convertible bond offering, a $300 million deal with Elon Musk’s xAI, and $1.5 billion rumoured from bond sales.
Toncoin price predictions indicate it might hit $4 after the Telegram crackdown and surging volatility. But sceptics relay potential correction amid strong fundamentals. TON's potential was recognised by VC firms investing $400M and leading its price to an all-over high.
Despite technological advancements like
Telegram mandating TON Connect for crypto wallets and controversial exclusivity by Telegram, the drop in active addresses forecasts possible drastic dips. TON's decision to use
Axelar to link multiple blockchains depicts significant innovation potential, although concerns were raised about the lack of clear prospects for TON following Durov's arrest. Despite this, a strong comeback is anticipated in 2025, even though near-term bearish sentiment remains.
TON Coin News Analytics from Wed, 14 Aug 2024 07:00:00 GMT to Wed, 04 Jun 2025 16:15:12 GMT -
Rating 2
- Innovation 8
- Information 7
- Rumor -2
