Toncoin (TON), the cryptocurrency associated with the Telegram messaging app, has been undergoing significant turbulence with both optimistic and pessimistic view on its future price. Predictions stretch from it potentially reaching $10 by 2030, to it achieving a remarkable $100. Several
Venture Capital firms have invested $400 million in Toncoin, reinforcing faith in its potential. Nevertheless, the crypto has suffered setbacks, such as a technical breakdown, leading to substantial price falls.
Nasdaq issued a reprimand to TON Strategy for purchasing $272M in Toncoin, which negatively impacted the price. Despite these issues, some investors remain hopeful of a rebound, especially given Toncoin has attracted significant investment from Nasdaq-listed firms. Particularly, Toncoin is gaining strength from Telegram's move to integrate a TON Wallet for its significant user base in the US. However, there's continued caution among investors due to the wider market conditions and regulations. Robinhood and Coinbase recently extended their platforms to list Toncoin, signalling mainstream acceptance. In the backdrop of these events, Toncoin's price has demonstrated potential for substantial fluctuations due to various factors such as third-party price targeting and Toncoin's direct linking to the global multi-chain economy. Nonetheless, doubts loom on whether it can escape its recent selling pressure to rally and overcome its major hurdles.
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