Toncoin, the cryptocurrency tied to messaging app Telegram, has made numerous strides despite facing some difficulties. Aided by bullish derivatives, there's potential for the coin's recovery to reach $1.51 by March 2026 and even hit the $5 mark by 2027. However, it has recently struggled to break higher, falling through key support levels. The
Nasdaq has raised eyebrows about
TON Strategy's $272M Toncoin purchase, although the former biotech company does hold $30M in Toncoin.
TON Pay seeks to establish Telegram as a crypto checkout area for TON, and the
Ton Foundation is looking to join the Crypto Treasury Company trend with its Toncoin pitch. Plans are in place for TON to reach $1.5 by reducing bearish momentum, although this is being challenged due to concerns about rule violations in a $273M purchase by a significant holder.
The launch of the TON Crypto Wallet for 87M Users and Toncoin's listing on
Robinhood fuelled a rally. However, the broader market weighed heavily on the price, causing it to fall below $2. The anticipation is that TON will be able to rebound from this setback.
Coinbase Ventures has shown confidence in the coin by purchasing TON tokens directly from Telegram.
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