The Ton team has announced the introduction of Bitcoin liquidity on the Ton-Telegram ecosystem. This move has received a lot of attention from the crypto market and is likely to boost the value of Toncoin (TON). This event coincides with the strong growth of TON price in recent times. According to statistics, TON price increased by 91.5% in November, increased by 41.2% in the last 60 days and is currently trading at 3,786 TON/USDT on Gate.io.
Important Events That Contributed to the Price of TON
Since November 5, 2024, TON price has started to fluctuate strongly, largely due to Donald Trump's victory in the US presidential election, leading to positive sentiment across the crypto market. In addition, the stability of the US macroeconomic environment also contributes to confidence in this sector. Another important factor is the announcement of TON Teleport BTC - a synthetic Bitcoin token on The Open Network blockchain, which helps expand the usability of Bitcoin in the DeFi ecosystem.
In addition, the TON ecosystem has attracted a large number of users thanks to tap-to-earn games such as Hamster Kombat, Catizen, and Notcoin. The continuous development of this ecosystem also contributes to strengthening TON's position in the market.
TON Teleport BTC: A Big Step In DeFi
TON Teleport BTC is a synthetic Bitcoin token (tgBTC) that acts as a bridge for users to access DeFi services such as liquidity provision, yield farming, and trading. This token maintains a 1:1 peg to Bitcoin, increasing demand for BTC and strengthening Bitcoin's dominance in the market. This is not the first time TON has expanded its ecosystem, having previously successfully integrated Tether (USDT) and is expected to continue adding more cryptocurrencies.
The implementation of tgBTC will open up many potential applications on the TON-Telegram ecosystem, including leading web3 applications such as EVAA and STON.Fi. In addition, the existence of this token also creates arbitrage opportunities on various DeFi platforms, promoting trading and bringing profits to investors.
TON Market Analysis
The announcement of tgBTC has created positive sentiment towards TON, contributing to its price performance. On the higher timeframe, the price chart shows bullish momentum, but on the lower timeframe, there are still signs of bearishness. The Ichimoku Cloud indicator shows weak bullish momentum due to the narrow future cloud, while the RSI reached 74.11 – signaling overbought conditions.
Another important factor is the possibility of a golden cross, when the 50-day EMA is about to cross above the 200-day EMA. This is a strong bullish signal, especially when it appears on the daily time frame.
TON Price Prediction 2025
According to a forecast from Gate.io, TON could reach 11.46 TON/USDT by mid-2025, representing a 77.95% increase. If this trend continues, TON could reach $21 by the end of 2025.
Cryptocurrency analyst Rose Premium is also bullish, predicting that TON could reach $10 by the end of the year. Key levels to overcome include $6.10 and $8. However, if the price falls below $5, this prediction may no longer be valid.
However, it is important to note that price predictions are for reference only. Investors should continue to monitor price movements and stay updated with market information to make informed decisions.
Conclusion
The launch of TON Teleport BTC is an important step forward, expanding the usability of Bitcoin in the DeFi ecosystem, while strengthening TON's position in the market. With strong growth momentum and community support, Toncoin has the potential to continue to grow and reach important milestones in 2025.
