The
TON Coin, linked to the Telegram Open Network (TON), has created significant buzz in the recent days following the controversy surrounding the United Arab Emirates (UAE)
Golden Visa scheme. A claim appeared on Toncoin's website that TON holders staking $100,000 could gain a 10-year UAE Golden Visa, which sent the price of the cryptocurrency soaring, at some points by as much as 13%. However, this claim was later denied by UAE authorities, causing the coin to drop by 6%. Despite some market volatility and skepticism around the program, TON managed to rally its value on several occasions, although overall the announcements led to a breakdown in Toncoin's price. Amid the controversy, the TON Foundation clarified that the Golden Visa plan was being independently developed, while also announcing a partnership with Crypto.com. The
TON Foundation is also actively seeking a VP of Marketing. The first TON unicorn, The Open Network (TOP), achieved a $1B valuation following a $28.5M raise. Recently, as per some
price predictions, TON could reach $100 between 2025 and 2031, although other forecasters consider a $10 target more likely. Efforts to buy TON have been ramped up despite the controversy and short-term market fluctuations. Some considerable partnerships have been formed, including a link-up between the TON Foundation and a former Visa executive.
TON Coin News Analytics from Wed, 04 Dec 2024 08:00:00 GMT to Tue, 08 Jul 2025 17:00:23 GMT -
Rating -5
- Innovation 4
- Information 6
- Rumor 2
