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🔥💥Why is Toncoin (TON) Price Rising?
Interestingly, #Toncoin has shown its strength since January after breaking a long consolidation. The price has increased by 272% since then, reaching $ 7.5. This created significant buying pressure and kept the token on an upward trend while the larger tokens were on a downward trend.
Will the tone be louder than that? If so, can we expect all-time double-digit highs this month?
February February April APR The price of Toncoin has increased by an astonishing 250% in less than two months from the end of February to the beginning of April. Ton's market capitalization has exceeded $ 24 billion, marking a remarkable increase of 200% since the beginning of the year.
Some key factors driving this bullish momentum for Ton's outstanding performance are as follows:
Significant Investment from Pantera Capital
Pantera Capital, a leading venture capital firm, has raised Ton's expectations with its over $4 billion TON investment and ecosystem. While the exact amount of investment has not been disclosed, Pantera's confidence in Ton's potential is evident, especially considering its collaboration with Telegram, which has 900 million users and potentially positions Ton as one of the most widely used blockchain networks worldwide.
Support from Pavel Durov, the Founder of Telegram
It's a million-dollar partnership that increases trust in Ton. Pavel Durov, the founder of #Telegram , has increasingly had a say on the Tone ecosystem, especially during his participation in the Token2049 event in Dubai. Durov's announcements regarding Ton's integration into Telegram, including features such as tokenization Decals and emojis, have increased investors' confidence in the relationship between Ton and Telegram, potentially triggering Ton's recent upward trend.
