The post Why Is Toncoin Price Up? appeared on BitcoinEthereumNews.com.

The recent surge in Toncoin’s price can be largely attributed to the announcement that Elon Musk’s xAI is partnering with Telegram to integrate its AI chatbot, Grok, into the platform. This partnership has sparked immense speculation and optimism in the market, especially given Toncoin’s deep integration with the Telegram ecosystem through The Open Network (TON). As a result, the price action we’re seeing isn’t just technical—it’s fundamentally driven by a real-world event that directly impacts Toncoin’s utility and visibility. From an analytical perspective, this partnership from Elon Musk acts as a powerful sentiment catalyst. Telegram’s user base exceeds 900 million globally, and integrating Grok means that TON will likely see expanded usage and demand for microtransactions, data processing, and decentralized applications.  Traders and investors are betting that TON price will become the native currency for any AI-powered feature that Grok might support inside Telegram, such as in-app payments, bot services, or subscription models. This narrative alone is enough to trigger a revaluation of TON’s long-term potential. The charts also reflect this shift. The explosive move from $2.88 to $3.58 on the hourly chart aligns almost perfectly with the timing of the announcement. This indicates that institutional bots and early retail traders likely front-ran the news or reacted instantly, reinforcing the breakout above key resistance at $3.10.  The momentum didn’t slow until it tested $3.60, signaling that this was not a routine rally but one backed by substantial belief in TON’s growing role within a rapidly evolving AI ecosystem. Looking ahead, the predictive implications are strong. If Telegram’s Grok integration succeeds and users begin transacting or interacting through TON-based services, the demand for TON tokens will likely spike, leading to further price discovery.  Conservatively, Toncoin price could revisit the $4–$4.50 range in the near term. Longer term, if AI + blockchain…

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Filed under: News - @ May 28, 2025 3:26 pm