⇘ The Rise and Fall of TON Coin Amid Controversial UAE Golden Visa Claims
The TON Coin , linked to the Telegram Open Network (TON), has created significant buzz in the recent days following the controversy surrounding...
The recent noteworthy events regarding the Toncoin (TON) include significant price fluctuations and predictions, institutional investments, and integration with major ecosystems. Toncoin has been the centre of multiple price predictions, some bullish predicting a 40% rise or even a price reaching $10 by 2025, while others are bearish hinting at a possible short-term correction or even 50% decline. However, in light of these conflicting forecasts, the coin has maintained itself firmly above $2.60 and has exhibited a short-term uptrend. Additionally, it has showcased strong resilience by holding support zones even during price dips.
As a token linked to the Telegram app, significant events like the exit of Pavel Durov from France, and shifts in support for the token within the Telegram community have influenced the coin's price. Also, the hiring of a former Visa Executive by the TON Foundation, the acceptance of Toncoin for app services on Telegram, and a $400 million investment from venture capital firms have generated positive sentiment around Toncoin. However, not all news has been positive. For instance, mandated TON Connect for all crypto wallets on Telegram sparked backlash within the community.
Integration with various entities like USDt via LayerZero, support for TON on crypto wallets, and partnering of third-party stable coins like USDe on TON blockchain have underlined the token's expanding role in the crypto space. Lastly, the token has displayed substantial growth in the user base, but concerns remain over the dropping Total Value Locked (TVL).
TON Coin News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Wed, 02 Jul 2025 09:30:09 GMT - Rating 2 - Innovation 5 - Information 7 - Rumor -3