Toncoin (TON) Prices Soar Following $300 Million AI Partnership Between Telegram and Elon Musk's xAI Company
Telegram's Strategic Alliance with Elon Musk's AI Venture Boosts Toncoin Amid Rising AI Interest
In a significant move to expand its reach, Telegram has revealed plans to deploy Grok AI, an artificial intelligence system, to more than one billion users by summer 2025. This decision follows a partnership with Elon Musk's AI venture, xAI, which is being integrated into Telegram's ecosystem.
The announcement led to a surge in Toncoin's price, sending it up by more than 15% within hours. This rise comes at a time when there is growing interest in AI integrations within social platforms, and as Telegram's finances receive a boost, Toncoin herself becomes a prominent focus.
Telegram CEO Pavel Durov confirmed a one-year deal with xAI, under which the platform will receive $300 million in cash and equity. Additionally, Telegram will earn 50% of all Grok subscriptions sold via the app. According to Durov, this AI rollout will be available to over a billion users by summer.
The news caused a double-digit gain in Toncoin's price, lifting it from around $2.94 to $3.66. At the time of writing, CoinGecko reports Toncoin trading at $3.44 with over $787 million in 24-hour volume.
Technical analysis from TradingView suggests continued bullish momentum for the TON/USDT pair. After rebounding from $3, Toncoin is now aiming for key resistance zones at $3.64, $4.20, and $4.66. If this resistance is surpassed, medium- and long-term targets could be as high as 55% to 100%.
Large holders, or 'whales', have been actively accumulating Toncoin, adding over 45 million tokens in the past week. At current values, this equates to roughly $346.5 million in new positions. Such whale behavior indicates a growing confidence in Toncoin's future price trajectory.
Recently, Toncoin's price has shown signs of downward pressure, dropping nearly 7-8% and falling below the critical $3.00 support level. Despite this short-term decline, Toncoin maintains a strong market capitalization, currently hovering around $7 to $9.8 billion.
The association between Toncoin and Telegram continues to grow as strategic moves are put in motion. The TON Foundation recently launched a 5 million TON DeFi reward program to stimulate liquidity for the USDt-TON pair. This initiative aims to rewards providers across key pools and expand the network's DeFi ecosystem.
If successful, this technological and strategic development could lead to significant price appreciation for Toncoin. Analysts forecast that the token could reach between $6.35 and nearly $7 by the end of 2025, and potentially surpass its previous all-time high of $8.24 if positive market sentiment continues. Despite the potential gains, investors should be aware of short-term market volatility and closely monitor key price support and resistance levels.
Investing in Toncoin could benefit from the integration of artificial-intelligence technology, as Telegram, in partnership with Elon Musk's AI venture, intends to deploy the Grok AI system to over one billion users, boosting Toncoin amid rising AI interest in social platforms. This technological and strategic development could lead to significant price appreciation for Toncoin, with analysts forecasting it could reach between $6.35 and nearly $7 by the end of 2025, potentially surpassing its previous all-time high of $8.24 if positive market sentiment continues.
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