Toncoin

Pantera Capital’s investment in TON propels the token’s value to $5.287, marking an impressive 11.29% surge in just 24 hours. Technical indicators suggest ongoing bullish momentum for TON, further enhancing its global crypto network potential.<h2 id="header-0">Claim Instant $200 Worth Of DunkiMunki New Memecoins Free On <a href="https://dunkimunki.xyz/" rel="noopener noreferrer nofollow">www.DunkiMunki.xyz</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Untitled-design.png?fit&#61;1920%2C1080&amp;ssl&#61;1" />Pantera Capital, a notable investment firm, has revealed its decision to invest in TON, a Layer 1 network initially created by Telegram and now powered by the open-source community. This investment showcases the firm’s confidence in TON’s ability to greatly enhance cryptocurrency accessibility. It aims to leverage Telegram’s extensive user base, which boasts over 900 million <a href="https://cryptosheadlines.com/polygon-leads-in-monthly-active-wallets-for-erc-4337/" rel="noopener noreferrer nofollow">active users every month</a>.<h2 id="header-1">Pantera Capital’s Perspective on TON’s Integration with Telegram</h2>Pantera Capital views <a href="https://cryptosheadlines.com/toncoin-ton-gains-traction-through-telegram-integration/" rel="noopener noreferrer nofollow">TON’s integration with Telegram</a> as a significant step towards establishing it as one of the largest crypto networks worldwide. According to an official blog post, TON benefits from being <a href="https://cryptosheadlines.com/toncoin-surges-with-telegram-integration-enters-top-10-market-cap/" rel="noopener noreferrer nofollow">integrated within Telegram</a>, leveraging the platform’s extensive reach and user-friendly interface.In January 2024 alone, Telegram witnessed a staggering 36.7 million downloads, surpassing its closest competitor, Signal, by a substantial margin. The collaboration between Telegram and TON is noteworthy as Telegram embodies the principles of Web3, emphasizing decentralization, security, and user empowerment.Paul Veradittakit, Pantera’s managing partner, highlighted Telegram’s unique position in a blog post, stating, “Telegram is the only major platform that is free of regulatory hurdles to incorporate Web3 for an open blockchain network.” Unlike Messenger and WeChat, Telegram offers a regulatory-compliant environment conducive to integrating cryptocurrencies and digital payments, setting it apart in the messaging app landscape.<h2 id="header-2">Claim Instant $200 Worth Of DunkiMunki New Memecoins Free On <a href="https://dunkimunki.xyz/" rel="noopener noreferrer nofollow">www.DunkiMunki.xyz</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Untitled-design.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /><h2 id="header-3">TON Token Surges Amid Pantera Capital Investment</h2>Notable Uptick in Value: Over the past 24 hours, the TON token has experienced a significant increase in value, reaching an intraday high of $5.383. Currently, it is trading at $5.287, marking an 11.29% rise from the previous day.<a href="https://cryptosheadlines.com/ripple-sells-100-million-xrp-to-external-parties/" rel="noopener noreferrer nofollow">Also Read: Ripple Sells 100 Million XRP to External Parties</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines4-2.png?resize&#61;640%2C495&amp;ssl&#61;1" />TON/USD 24-Hour Chart (Source: <a href="https://coinstats.app/coins/the-open-network/" rel="noopener noreferrer nofollow">CoinStats</a>)Positioned as 9th Largest Cryptocurrency: This surge has elevated TON to the 9th position among cryptocurrencies by market capitalization, which now stands at $18,458,514,828—an 11.91% increase. Pantera Capital’s recent investment in Telegram’s TON blockchain project has been a major catalyst for this renewed interest and optimism in the crypto community.Outperforming Bitcoin: TON has outperformed Bitcoin, showing an 8.32% increase relative to the leading cryptocurrency. However, despite the bullish price movement, the trading volume for TON has decreased by 9.03% in the last 24 hours, totaling $226,761,318. This suggests a more cautious approach by <a href="https://cryptosheadlines.com/polkadot-thrives-as-investors-feel-positive-about-the-market/" rel="noopener noreferrer nofollow">investors and traders despite positive market</a> sentiment.Bullish Technical Indicators: On the 4-hour chart, the Bull Bear Power indicator shows a positive trend, with increasing green bars above the zero line, indicating growing bullish momentum and potential for an uptrend.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines5-2.png?resize&#61;640%2C284&amp;ssl&#61;1" />TON/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/IMRjyrSt/" rel="noopener noreferrer nofollow">Tradingview</a>)RSI Signals Bullish Trajectory: The Relative Strength Index (RSI) is positioned at 58.02, progressing vertically above the signal line, signaling a bullish trajectory for the TON market in the short term. Importantly, with the RSI above the neutral threshold but below the overbought zone, there appears to be ample opportunity for further upward movement without immediately hitting overbought conditions. This setup indicates a robust short-term bullish outlook for the market.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

TON Token Surges 11% Post Pantera Investment

Table of Contents

CryptosHeadlines.com

Other articles published on May 3, 2024

Friend.tech whale’s massive token dump raises doubts on price sustainability

3 May: Four Solana Memecoins That Could Skyrocket 9,000% and Challenge Shiba Inu and Dogecoin

Hong Kong Leads Global Crypto ETF Inflows, Outshining U.S

Coinbase Posts $1.18B in Net Income for First Quarter of 2024

Bitcoin ETF Outflows Escalate as BlackRock’s Inflow Streak Ends, Cardano (ADA) Prepares for Scala...

Bitgert Coin: The Hottest New Crypto Taking the Market by Storm

Join our free newsletter for daily crypto updates!