Latest news with #Toncoin
Zawya
5 hours ago
- Business
- Zawya
Best cryptos of 2025: BlockDAG, Toncoin (TON), and Bittensor (TAO) price targets revealed!
In the crypto of 2025, every new project strives to make its mark, but some rise above the noise. While Toncoin (TON) and Bittensor (TAO) have their unique strengths, BlockDAG stands out with its strategic approach that blends the power of sports partnerships with solid market performance. Toncoin benefits from its integration with Telegram, and Bittensor shows promise with its technical indicators pointing toward growth. ContentsFrom the Pitch to the Court: BlockDAG's Rise Is Fueled by Sports PowerhousesToncoin (TON) Market Outlook: Riding the Telegram Wave to ProminenceBittensor (TAO) Price Target: Can It Achieve a 46% Rally Amid Market Weakness?BlockDAG Takes the Lead with Strategic Partnerships However, BlockDAG's connections to global sports brands like Inter Milan and the NBA offer a compelling narrative that goes beyond mere technology. This combination of trust, visibility, and strong market statistics makes BlockDAG a notable player. From the Pitch to the Court: BlockDAG's Rise Is Fueled by Sports Powerhouses BlockDAG's rise in the crypto world is nothing short of impressive, and its success is powered by partnerships with two of the world's most iconic sports institutions—Inter Milan in football and the NBA in basketball. These strategic alliances are more than just branding; they tap into the deep emotional connection that fans worldwide have with these sports. It's this passion that BlockDAG is leveraging to not only gain visibility but also drive a sense of loyalty and trust among investors. Football and basketball are universal languages, transcending borders and uniting millions of people. Therefore, BlockDAG's ability to align itself with these globally recognized and emotionally resonant sports brands is what sets it apart. These aren't just sponsorships; rather, they are powerful narratives that draw in investors who are not only looking for financial opportunities but also for projects that align with their passions. The results speak for themselves. BlockDAG has raised $290 million in presale funds and sold over 22 billion coins. Consequently, the ROI since Batch 1 has been a staggering 2,520%, proving that early investments are paying off. Currently, Batch 28 is priced at $0.0262, with a limited-time offer of $0.0018 until June 13th. With these figures, BlockDAG is quickly becoming one of the best performing crypto coins in 2025. By connecting to the heart of sports, BlockDAG is creating more than just a cryptocurrency—it's building a movement that investors can feel emotionally connected to, making it a standout in the world of crypto presales. Toncoin (TON) Market Outlook: Riding the Telegram Wave to Prominence Toncoin (TON) has rapidly gained attention thanks to its strong connection with Telegram, one of the world's most popular messaging platforms with over 900 million active users. This strategic integration offers Toncoin a unique advantage, providing both visibility and real-world utility within Telegram's ecosystem. As of June 2025, Toncoin holds the 18th position in market capitalization, valued at $7.8 billion, with a trading price of $3.16. Furthermore, the TON Foundation's ambitious goal to onboard 30% of Telegram's active users in the next six years further solidifies Toncoin's growth potential. Despite a 25% price drop earlier this year, Toncoin has continued to attract institutional investors, such as Sequoia Capital and CoinFund, who contributed to a $400 million venture raise in March 2025. With a growing user base, institutional support, and upcoming developments in decentralized finance (DeFi), the Toncoin (TON) market outlook remains strong and promising for the future. Bittensor (TAO) Price Target: Can It Achieve a 46% Rally Amid Market Weakness? Bittensor (TAO) has gained attention for its potential to rally by 46%, despite the current market challenges. The Bittensor (TAO) price target is drawing focus as key technical indicators, like the RSI and MACD, suggest that TAO might be positioned for a strong upward move. The RSI indicates that TAO is currently oversold, a condition often associated with price reversals. Meanwhile, the MACD is showing signs of a trend shift, which adds to the growing optimism for a potential rally. Investors are closely monitoring these signals, as they point to a possible price breakout above resistance levels, making the Bittensor (TAO) price target of a 46% rally more achievable. If the momentum continues to build and the market conditions stabilize, TAO could experience significant gains in the short term. Therefore, for those looking to capitalize on market fluctuations, this makes Bittensor an interesting opportunity for investment. BlockDAG Takes the Lead with Strategic Partnerships As the crypto market continues to expand, Toncoin (TON) and Bittensor (TAO) are carving out their spaces with distinct advantages. Toncoin's integration with Telegram gives it an edge in visibility, while Bittensor shows promise through its technical potential. However, BlockDAG's ability to align itself with iconic sports institutions such as Inter Milan and the NBA has set it apart, creating not just visibility but an emotional connection with investors. With impressive fundraising, solid presale performance, and a strong market presence, BlockDAG's strategic approach gives it an edge over the competition, making it a standout in 2025's crypto market.
Yahoo
29-05-2025
- Business
- Yahoo
Toncoin falls 7% as Elon Musk refutes Telegram founder's claims of a $300 million xAI partnership
Toncoin, the cryptocurrency tied to the Dubai-based messaging app Telegram, tumbled 7% on Thursday after tech billionaire Elon Musk denied news of a $300 million partnership between Telegram and xAI, a Musk-led AI company. Toncoin jumped 21%, from $3.01 to $3.65, on Wednesday after an announcement by Telegram CEO Pavel Durov that he and Musk had reached an agreement to integrate xAI's chatbot Grok into the messaging platform. 'This summer, Telegram users will gain access to the best AI technology on the market,' Durov wrote on X. '@elonmusk and I have agreed to a 1-year partnership to bring xAI's @grok to our billion+ users and integrate it across all Telegram apps.' According to Durov, Telegram would receive $300 million in cash and equity from xAI, and the messaging platform would keep 50% of the revenue from xAI subscriptions sold on Telegram. However, details of the partnership soon came into question as Musk contradicted Durov's claims, writing on X that, 'No deal has been signed.' Durov quickly responded to Musk saying that while it was true that the deal had not yet been signed, it was agreed upon 'in principle.' 'Formalities are pending,' Durov wrote. Telegram fans were not impressed by the exchange, with one X user writing: 'Agreed in principles doesn't mean anything.' Another user wrote, 'Well you just blew the deal.' After peaking at $3.65, Toncoin fell to a low of $3.26 on Thursday, losing 11% before recovering slightly. Toncoin is the native token on the The Open Network, or TON. TON is a blockchain that operates as a separate entity from Telegram, but is still associated with the app, allowing the messaging platform's 1 billion users to pay for games, advertisements and other decentralized applications. News of the proposed deal comes as Durov announced via Telegram on Thursday that the company has raised $1.7 billion from convertible bonds. A portion of the funds will go toward paying off $955 million of the company's existing debt, due in 2026, according to Bloomberg. Earlier this year, Toncoin surged 24% after Durov was permitted to return home to Dubai after being barred from leaving France amid an ongoing investigation. Durov was arrested by French authorities in August on suspicion that Telegram was abetting the distribution of child sexual abuse material, drug trafficking and other criminal activities by users. Durov has denied those allegations and maintained his innocence, writing in March, 'When it comes to moderation, cooperation, and fighting crime, for years Telegram not only met but exceeded its legal obligations.' Telegram itself has also rebutted the claims that it is responsible for illicit activity, writing on X in the wake of Durov's arrest: 'It is absurd to claim that a platform or its owner are responsible for abuse of that platform.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Why Toncoin Was Zooming Higher on Wednesday
The business Toncoin is closely associated with is apparently floating a $1.5 billion bond issue. This issue seems to be popular, and is attracting at least a few finance industry heavyweights as investors. 10 stocks we like better than TON › Major financing news from the company it's associated with helped drive the price of Toncoin (CRYPTO: TON) well higher on Wednesday. As of 4 p.m. ET, the coin was up by nearly 14% in price and outperforming a great many other cryptocurrencies. It was also trouncing quite a few stocks, as the S&P 500 (SNPINDEX: ^GSPC) had closed the trading day 0.6% lower. Although it's now a separate entity, Toncoin was originally developed by the team behind secure-messaging app Telegram. This is why the coin is used as the native currency for Telegram services. This connection is a major reason for Toncoin's Hump Day surge. According to a report published that day in The Wall Street Journal, Telegram is seeking to raise a minimum of $1.5 billion in debt financing -- and lenders are lining up to provide it. This is despite the fact that Telegram co-founder and CEO Pavel Durov is facing serious criminal charges for a range of offenses both related to his company, and outside it. Citing unnamed "people familiar with the matter," the financing would take the form of a bond issue. The bonds would have a five-year maturity, and yield 9%, and their proceeds would be used to retire debt from a 2021 bond issue floated by Telegram. The article's sources said that U.S. financial services heavyweight BlackRock and Mubadala (Abu Dhabi's state-owned investment management company), both existing Telegram bondholders, are among the entities interested in buying into the new issue. Other interested parties include hedge fund Citadel. That said, $1.5 billion sure is a lot of financial support for a business, and of course, the stronger Telegram's balance sheet, the more secure Toncoin should be. I don't think this news bolsters the case for Toncoin as a useful currency outside the Telegram ecosystem; however, it's encouraging that the business it's closely associated with will soon receive a pile of new borrowings. Before you buy stock in TON, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and TON wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends TON. The Motley Fool has a disclosure policy. Why Toncoin Was Zooming Higher on Wednesday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Monero's Market Cap Flips Litecoin and Toncoin as XMR Enters Top 25 Tokens
Privacy-focused cryptocurrency monero XMR has overtaken litecoin LTC and toncoin TON to rank among the top 25 digital assets by market value. The so-called flippening is characterized by XMR's market capitalization topping $7.5 billion, racing ahead of TON's $7.48 billion and LTC's $7.35 billion, according to data source Coingecko. Monero (XMR) is a decentralized, peer-to-peer cryptocurrency with privacy-enhancing technologies to obscure transaction details. That makes traditional financial tracking and intercepting methods largely obsolete, which explains why criminals love cryptocurrency. Earlier this year, a media outlet linked to the Islamic State (ISIS) Pakistan Province reportedly published a poster calling for contributions of "jihad with wealth" and sought donations in monero. Still, prices for the controversial coin have risen over 100% to above $400 this year, hitting levels last seen in early 2021, CoinDesk data show. The rally has been supposedly led by optimism about the impending privacy upgrade and rumors of re-listing by major exchanges, including the U.S.-listed Coinbase. Meanwhile, litecoin (LTC), considered silver to bitcoin's gold, has dropped 6% this year to trade below $100. Toncoin, which is deeply integrated into the social messaging app Telegram's economy, has dropped 25% this year.
Arabian Post
25-04-2025
- Business
- Arabian Post
TON to Discontinue Toncoin Bridge to Ethereum and BNB Smart Chain on May 10
The Open Network has announced that its Toncoin Bridge, facilitating transfers between the TON blockchain and Ethereum and BNB Smart Chain , will be permanently shut down on May 10, 2025. Post this date, users will no longer be able to bridge Toncoin from TON to these networks. However, assets already bridged will remain claimable. Bridging into TON will still be available temporarily, with a separate end date to be announced. The Toncoin Bridge has been a pivotal component in TON's cross-chain interoperability, enabling users to transfer assets between the TON blockchain and Ethereum and BSC. Its discontinuation marks a significant shift in TON's approach to cross-chain interactions. In anticipation of the bridge's shutdown, TON has been promoting alternative bridging solutions. These include platforms like Symbiosis, Layerswap, Rubic, and Retro Bridge, which offer support for a wide range of networks beyond Ethereum and BSC. These alternatives aim to provide users with continued access to cross-chain functionalities, albeit through different channels. The decision to discontinue the Toncoin Bridge comes amid broader strategic changes within the TON ecosystem. The TON Foundation recently appointed Maximilian Crown, co-founder of MoonPay, as its new CEO. This leadership change follows a $400 million investment from global venture capital firms, signaling a renewed focus on scaling blockchain adoption and integrating with Telegram's extensive user base. Market reactions to these developments have been measured. As of April 25, 2025, Toncoin is trading at approximately $3.25, with a market capitalization of around $8.15 billion. While this reflects a decline from its all-time high of $8.27 in 2024, the cryptocurrency has shown resilience amid the evolving landscape. Price Prediction 2025 – 2030 – 99Bitcoins) Arabian Post – Crypto News Network
