Venture Capital Giant Pantera Capital Invests in TON Network

Bittime - The crypto world is again enlivened with exciting news. One of the leading venture capital firms, Pantera Capital, has just announced its investment in The Open Network (TON). This decision immediately catapulted the price of TON's native token, Toncoin (TON), which soared by 9.6%.

Pantera Capital Lyrics TON Potential

Pantera Capital's move to target TON is based on the great potential of the blockchain network in expanding the reach of crypto. This optimism cannot be separated from the giant user base of Telegram, an instant messaging platform that has now adopted TON to support advertising and payment features using Tether (USDT) on its platform.

TON itself is not a foreign name to the ears of crypto users. The blockchain network was originally developed by Telegram and has since gained significant popularity among Telegram users, whose number currently stands at over 900 million monthly active users.

How to Buy Crypto:

TON's Latest Efforts

One of Telegram's latest breakthroughs is the use of Toncoin (TON) tokens for reward distribution and advertising revenue sharing. This strategic decision has a direct impact on increasing the value of TON. Since the announcement, the price of TON has soared by 9.6%.

TON Enters Top 10 Crypto Assets by Market Cap

Currently, TON is ranked tenth as the crypto with the largest market capitalization, reaching $17.6 billion (around Rp258 trillion). The price of Toncoin (TON) itself is in the range of $5.16 (around Rp76,000) with a daily trading volume of $275.1 million (around Rp4.09 trillion). This shows a price increase of 8.18% compared to the previous day.

How to Buy Crypto:

Pantera Capital Investment

Pantera Capital's investment in TON is in line with their diverse investment approach. Previously, Pantera Capital was also known to have collected Solana (SOL) tokens at discounted prices.

Not only that, the company is also launching a new investment fund worth $ 1.25 billion (around Rp. 18.4 trillion) called Fund V. This fund will later be allocated to various crypto assets, including liquid tokens and blockchain-based startup stocks.

Conclusion

Pantera Capital's decision to look at TON is a positive signal for the future of crypto adoption globally. With Telegram's massive user base and exciting initiatives underway, TON has the potential to become a bridge for ordinary users to enter the crypto world more easily and securely.

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How to Buy Toncoin (TON) on Bittime

You can buy and sell Toncoin (TON) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Toncoin (TON) is available on Bittime with a market pair of TON/IDR. To be able to buy TON IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Toncoin (TON) on Bittime.

Monitor the price chart movements of Floki Inu (FLOKI), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

TON Foundation: Toncoin (TON) Soars Thanks to Integration with Telegram

Toncoin (TON) Becomes a Payment Tool on Telegram

About Airdrop Scam in Crypto and How to Anticipate It

Meme Coin Market Rise: Analysis of Sealana and Dogeverse

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.