What’s Elon Planning With Toncoin? TON Rate Prediction After $300M Grok AI Offer
Toncoin has dipped by 0.5% in the past 24 hr, but just how huge could Telegram’s handle Grok be for its future price growth? The post What’s Elon Preparation With Toncoin? TON Cost Forecast After $300M Grok AI Offer appeared first on Cryptonews.
In spite of this deep, this week has been extremely kind to TON, which has benefitted substantially from Wednesday’s $300m offer in between Telegram and Grok AI. TON is now up by 7.5% in the previous 7 days and by 5% in a fortnight, although the altcoin– the 20th-biggest in the market– has suffered a 48% loss in the previous year. Yet Telegram’s integration of Grok into its messaging service could be a significant driver for future growth, with the TON price most likely to benefit by extension.
What’s Elon Planning With Toncoin? Price Forecast After $300M Grok AI Deal
According to the terms of Wednesday’s deal, Elon Musk’s AI business, xAI, will invest $300 million in Telegram in return for the latter incorporating Grok into its messaging platform and its apps. This likewise enhances Telegram’s financial …
On top of this, Telegram will keep 50% of all Grok membership profits generated through Telegram, which together with the $300 million investment could offer the social networking company with considerable funding for future growth and expansion. In terms of how this effects Heap (The Open Network), the integration of Grok might draw more users to Telegram, which hosts many apps which utilize TON as a payment currency. In other words, TON might witness more adoption over the long term, and for that reason a higher price. But for now, Toncoin remains in a relatively weak position, albeit one which isn’t too far from a huge comeback for the token.
Its 30-day average (orange) has been below the 200-day (blue) because the end of January, implying that it’s now past due a rebound.
And while its RSI (purple) has actually revealed some signs of healing in current weeks, it hasn’t taken pleasure in a continual period of growth because December, which once again indicates that a rally might not be too far away. We could for that reason see the Toncoin rate struck $4 by the end of July, before making its way to $5 by Q4. Fundamentally, Load is in an excellent location, with total accounts now standing at 152.8 million and daily active wallets at 128,000.
