⇗ TON Coin: A Deep Dive into The Market Events and Projected Rise
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...
In the digital currency market, Toncoin (TON) has made a significant impact. Its price remains strong at $2.89, positioning TON for a potential comeback. Despite a volatile session, it managed a 3% rise, establishing a new support level. The strongest support for the coin appears to be between $2.01-2.05.
Top analysts predict a 40% breakout ahead, and the USDT0's integration of the Tether gold stablecoin on TON reinforces this argument. A surprising rebound projected a potential $4 breakout, which some attribute to a speculated partnership with Elon Musk's X. TON broke past the $3 barrier riding on Telegram's growth, prompting further optimistic price predictions, potentially hitting $4 post-Telegram crackdown and volatility spike.
The coin has enjoyed popularity, evident after public figures like Pavel Durov reportedly fueled a TON price rally. Venture capital firms seem keen too, having invested $400M into the TON blockchain. Recent major updates, including the arrival of a former Visa Executive to the TON Foundation, have seen coin prices soar. Other highlights include the $300M deal between Telegram and Elon Musk's xAI.
Despite falling 7% due to Musk's ongoing dispute with Telegram, the coin suggests further upside potential. It remains the only accepted crypto for Telegram services. After a strategic appointment and considerable investment, there is speculation that Toncoin will reach $5 by 2025. Overall, the coin's journey gives us a lot to look forward to, factors in its potential range from strategic partnerships, significant investments, to corporate signings.
TON Coin News Analytics from Mon, 16 Sep 2024 06:47:09 GMT to Wed, 25 Jun 2025 20:30:00 GMT - Rating 7 - Innovation 8 - Information 9 - Rumor 8