Toncoin In Crisis: Telegram At The Helm For An Explosive Rebound

The Toncoin (TON) is currently experiencing a difficult period, trading around $4.93. Despite this price drop, traders continue to see a promising future for their favorite crypto, relying on strategic elements such as support from Telegram. An unexpected boost could very well reverse the trend, particularly thanks to an ambitious project: the Telegram Growth Hub, which could propel the TON network to new heights.

Telegram at the heart of Toncoin’s revival

Telegram, one of the key drivers of the crypto community, plays a leading role in the revival of Toncoin. The recent initiative, dubbed Telegram Growth Hub, is backed by a $10 million funding from OKX Ventures, The Open Platform, and Folius Ventures.

This program, designed to attract innovative projects within the TON ecosystem, aims to initiate a snowball effect, propelling the adoption of this crypto within the Telegram community.

Here are some key points of this initiative:

• $10 million in funding;
• 10 projects selected for a two-month acceleration program;
• Direct support from the teams at OKX, TOP, and Folius;
• End of the application period: November 29, 2024.

The selected teams will also have access to development tools like OKX Connect, simplifying wallet integration, while benefiting from expert advice to gain visibility. For investors as well as developers, this initiative reinforces trust in TON.

“This area represents a great opportunity to accumulate tokens“, according to a CryptoQuant analyst, who notes that the price of TON is currently at a critical support level.

A growth potential with controlled risk for crypto TON

The crypto TON could offer an attractive prospect for gains based on the current price dynamics. CryptoQuant’s Price Heat Map system shows that TON is in a “freshness” zone, far from the usual volatility. This low volatility suggests potential profits for those adopting a gradual investment strategy (DCA), limiting risks.

TON Price Heat Map Analysis: Strong Opportunity at Critical Support Level

“Historical data shows that $TON's price has only fallen below the one-year moving average (orange trend) during bear markets. Considering that we are currently in a bull cycle, this support level appears… pic.twitter.com/arf1TJaZ0z

— CryptoQuant.com (@cryptoquant_com) October 30, 2024

TON could even reach record values by 2025, with some experts envisaging a price of $100 if network development and adoption continue. Recent airdrops such as Hamster Kombat and Catizen, as well as monetization of games on Telegram, demonstrate the growing enthusiasm around the TON ecosystem, which is now extending to DeFi applications, NFTs, and decentralized crypto exchanges (DEX).

For some analysts, Toncoin seems threatened by asphyxiation, fueled by a massive influx of users, especially during the frenzy of the Hamster Kombat phenomenon at the end of September.