Toncoin Surges 13% Post Pantera Investment: When Will TON Hit $10?
Toncoin (TON) today demonstrated bullish momentum following Pantera Capital’s investment. The Open Network's native token, Toncoin, soared 13% on May 10th amid Pantera Capital's statement that its investments in the project were the largest to date. The recent surge follows the announcement of Pantera Capital's investment in this Layer-1 cryptocurrency, sparking significant market interest and driving the price higher.
Pantera Capital Doubles Down on TON: What's Fueling the Surge?
Pantera Capital is doubling down on its bet on the TON token shortly after making its largest investment ever in the token earlier this year. The venture capital firm is now supporting TON’s potential, acknowledging a shift in its market position. The Toncoin (TON) price has recorded a massive bullish price action by adding significant valuation to its portfolio, following the announcement of Pantera Capital's involvement.
TON to Take Off Amid Support From Pantera?
While the recent announcement put TON in the spotlight, not much has happened in terms of price action until now. However, market interest is clearly piqued. The venture capital giant did not disclose the exact amount of their investment, but the impact on TON's price is undeniable. Toncoin soared 4.11 % in 24 hours with an increased market cap to USD, indicating strong investor confidence.
Can Technical Analysis Predict When Toncoin Will Reach $10?
The technical parameters may support Toncoin’s rally considering a shift in its potential acknowledged by leading institutions like Pantera. According to CoinCodex, Toncoin's recent performance demonstrates a strong upward trend. Investors are eagerly watching to see if this momentum can sustain and propel TON to the coveted $10 mark. The recent surge of over 13% in value highlights the potential for further growth.