MEXC's COO has predicted that
Toncoin (TON) could become the first everyday blockchain by 2027. Despite a recent selling-off that led to a surge in volume, signalling potential bearish pressure, TON has shown signs of recovery. After the appointment of a former Visa executive to lead payment strategy, and the integration of Tether gold stablecoin (USDT0), TON appears to be heading in an optimistic direction.
However, despite Telegram's crackdown and volatility issues, the bulls have mounted a formidable defense at the $3.30 mark. TON's price has increased by as much as 4.1% suggesting more upside potential. This has been further bolstered by a $300M deal with Elon Musk's xAI for the integration of Grok into Telegram's messaging app, leading to a 16% surge in TON.
In addition,
Telegram, the messaging giant linked to TON Network, looks to raise $1.5B through a bond sale. Ventures Capital Firms have invested a whopping $400M into the TON blockchain, paving the way for further growth. Furthermore, with Telegram mandating TON Connect for all crypto wallets, this has sparked a backlash, further adding volatility to TON's figures. Despite this, TON Coin has managed to maintain a strong performance, showing signs of potentially overtaking Solana.
The outlook for TON remains solid with the possibility of a massive 60% pump following the recent $400M fundraiser. However, as volatile as the crypto market is, a sudden reversal in fortunes cannot be ruled out entirely.
TON Coin News Analytics from Sun, 25 Aug 2024 07:00:00 GMT to Wed, 11 Jun 2025 19:00:00 GMT -
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- Innovation 7
- Information 8
- Rumor 3
