Toncoin (TON) is currently having a tough time, trading around $4.93. Despite this drop in price, traders continue to see a promising future for their cryptocurrency of choice, relying on strategic elements such as support from Telegram. The unexpected boost could reverse the trend, especially thanks to an ambitious project: the Telegram Growth Hub, which could push the TON network to new heights.
Telegram at the heart of the Toncoin relaunch
Telegram, one of the key drivers of the crypto community, is playing a leading role relaunch of Toncoin. A recent initiative, the so-called Telegram Growth Hubis based on $10 million in funding from OKX Ventures, The Open Platform and Folius Ventures.
This program, designed to attract innovative projects within the TON ecosystemaims to initiate a snowball effect that drives the adoption of this cryptocurrency among the Telegram community.
Here are some key points of this initiative:
- $10 million in funding;
- 10 projects selected for the two-month acceleration program;
- Direct support from OKX, TOP and Folius teams;
- Application deadline: November 29, 2024.
Selected teams will also have access development tools like OKX Connectwhich simplifies portfolio integration while benefiting from expert visibility advice. For investors and developers, this initiative strengthens to trust in YOU.
” This area is a great opportunity to collect tokens ”, according to analyst CryptoQuant, who notes that the price of TON is currently at a critical support level.
Risk controlled growth potential for crypto TON
She could offer a TON of crypto attractive earnings prospects based on current price dynamics. The CryptoQuant price heat map system shows that there is a TON in the “freshness” zone.far from the usual volatility. This low volatility suggests potential benefits for those who adopt a progressive investment strategy (DCA) by limiting risk.
TON could even reach record values by 2025while some experts consider $100 prize if development and adoption of the network continues. Recent landings such as Hamster Kombat and Catizen, as well as the monetization of games on Telegram, demonstrate the growing enthusiasm around the TON ecosystem, which is now expanding into DeFi applications, NFTs and decentralized crypto exchanges (DEX).
To some analysts, Toncoin appears to be in danger of choking, fueled by a massive influx of users, especially during the Hamster Kombat phenomenon frenzy at the end of September.
Maximize your Cointribune experience with our “Read and Earn” program! Earn points for every article you read and get access to exclusive rewards. Register now and start reaping the benefits.
The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.