TON under $30? Durov will be cut CU...
Pantera Capital has once again made a big move with TON:
- They have poured an additional $20 million into Toncoin through two investment funds, with the participation of 29 major investors.
- This is the second time Pantera has made a strong bet on TON, following what was described as the "largest investment in history" in May 2024 (although the specific amount was not disclosed).
What makes Pantera still believe in TON?
1️⃣ Confidence in the TON ecosystem:
- TON remains a highly promising blockchain platform backed by Telegram, despite legal challenges and the cooling trend of Mini-apps.
2️⃣ Smart money flow:
- Pantera is not just making a one-time investment but is also investing continuously, indicating they see long-term potential in this ecosystem.
3️⃣ Expanding ecosystem:
- TON continues to grow robustly with Mini-apps, DeFi, and Memecoin projects, offering greater growth potential.
However, challenges still remain:
Durov's legal issues:
- The CEO of Telegram is facing some legal hurdles, causing some investors to remain hesitant.
Mini-apps cooling off:
- The Mini-apps trend on TON is no longer as hot as before, but the ecosystem is still seeking new solutions to maintain its growth momentum.
You have the right to hope that TON will continue to "fly" strongly in the near future.
Anyone who wants to be poor forever should Short $TON
#2024withBinance #btc25onton