đŹ Bitget Predicts $TON 's "De-Telegramization" and Outperformance of Bitcoin
đ° #bitgetairdrop , a major investor in The Open Network (TON) Foundation, has released a research report predicting TON's "de-Telegramization" in the next two years to mitigate regulatory risks associated with Telegram. The report suggests that while TON will continue to rely on #telegramMining 's user base through 2024, it will likely distance itself from the messenger in the long run. Bitget also forecasts that TON's native cryptocurrency, Toncoin, will likely outperform Bitcoin's spot returns in a bullish market scenario.
đŁ The report comes after Bitget and Foresight Ventures announced a $30 million strategic investment in TON. Despite recent volatility, TON's ecosystem has seen significant growth in 2024, with its total value locked (TVL) reaching $420 million as of September 24. Toncoin has posted at least 140% returns since the beginning of the year, outpacing Bitcoin's 44% gain. However, the prediction of "de-Telegramization" coincides with Telegram's recent announcement of stricter policies and ongoing regulatory scrutiny of its CEO, #PavelDurov
