Toncoin (TON) has been through an array of market events, raising its market cap up to $13.96B despite setbacks such as Telegram crackdown and surging volatility, leading to prospective predictions of reaching $10 by 2025. Despite potential for steep decline due to a technical breakdown, the TON Foundation recently welcomed a former Visa executive, propelling its value. The Foundation also appointed a new CEO, following a substantial $400M investment from venture capital firms. Amidst this, TON managed to end a bullish price target and charted a bullish reversal, challenging the dominance of other altcoins, including Polkadot. Moreover, the foundation's vision to become number two, after Bitcoin, further intrigues the market watchers. Positive developments like Telegram's $1.5B bond issuance and investments from Snorter Sniper have influenced a considerable surge in the coin's value. However, the mandate of TON Connect for all crypto wallets by Telegram generated backlash, and TON still faces threat from rival altcoins like Monero. TON has to deal with certain controversies and bearish signals. Still, based on the hiring news, $400M fundraiser, and continual uptrend since March, TON can potentially yield substantive returns. As it enters the limelight with major updates, TON strengthens its hold by becoming the only accepted crypto for Telegram's app services.
TON Coin News Analytics from Thu, 29 Aug 2024 15:16:16 GMT to Wed, 18 Jun 2025 12:51:17 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 6
