TON JUMPS 250% IN LESS THAN TWO MONTHS - HERE'S WHY...
- $TON of @ton_blockchain saw a meteoric surge between late February and early April, climbing 250% in less than two months.
- Standing with a current market cap of more than $24 billion, $TON is now up more than 200% since the start of the year.
- Here are some potential factors behind the asset’s market-outperforming rise…
(1) Pantera’s Ultra-Bullish Investment…
- On May 8th, @PanteraCapital, one of the industry’s leading VCs, declared it had made its “largest investment ever” into $TON and its ecosystem.
- The actual amount invested, and the valuation, were undisclosed, but Pantera’s AUM stands at more than $4 billion meaning the investment was likely very substantial in size.
- It appears that Pantera was most attracted by TON’s collaboration/partnership with Telegram, with the latter’s 900 million users potentially serving to make Ton one of the most-used blockchain networks in the world.
- For context, Pantera has also invested in industry giants such as $ARB, @Circle, $INJ, @Coinbase, and many others.
(2) The Rise of Notcoin…
- @thenotcoin’s $NOT token is expected to launch in less than a week’s time, having just announced listings on major exchanges such as @Binance.
- Notcoin is a Telegram-based interaction game, and its $NOT token will be launched on the Ton blockchain itself.
- To date, nearly 35 million users have participated in attempting to earn $NOT itself.
- Naturally, being a Ton-native token/project, Notcoin’s hype has translated to excitement around the $TON ecosystem itself and…
- … it is perhaps no coincidence that $TON’s recent surge precedes $NOT’s own airdrop and token launch.
(3) Support from Telegram’s Founder…
- Crypto founders have become famous for their outspoken role in promoting and discussing their projects.
- Telegram founder, Pavel Durov, has recently increased his discussion and mentions of the Ton ecosystem itself.
- His appearance at Dubai’s Token2049 event yielded a host of Telegram x Ton announcements, that even included the tokenization of stickers and emojis within the app itself.
- This recent engagement from Durov may have given investors confidence and hope that the relationship between Ton and Telegram (and its 900M users!) is only growing stronger…
Image: Bitcoin[dot]com
[NeverFinancialAdvice]
