Toncoin (TON) has been trading sideways since early April, but according to Crypto Patel, a crypto analyst on X, that quiet phase may be ending soon. Both the fundamentals and technical structure now look ready for a breakout.
While much of the market is chasing meme coins, Toncoin is making serious moves behind the scenes, building real infrastructure, onboarding real users, and partnering with serious players. This mix of steady development and strategic momentum could set the stage for the next major rally in the TON price.
What you'll learn 👉
Big Backers, Bold Moves: Toncoin Price Supported by Real Growth
Crypto Patel highlighted that Toncoin is not just another project with inflated hype. In fact, Telegram recently raised $1.5 billion through traditional bonds—not by selling tokens or equity. This attracted heavyweight institutional investors like BlackRock and Citadel. For the TON ecosystem, this means there is now massive capital available to build infrastructure, grow its ecosystem, and onboard millions of users globally.
Another major update is Toncoin’s AI partnership with xAI, Elon Musk’s AI venture that powers Grok. This partnership will allow AI-powered interaction and search to be integrated inside Telegram. If Grok gets connected with TON wallets, payments, and apps, it could result in a powerful AI-blockchain combination across Telegram’s 900 million users. Crypto Patel described this as real-world utility with major upside.
On the payment side, former Visa executive Nikola Plecas has joined Toncoin as VP of Payments. He was instrumental in shaping Visa’s crypto strategy, and now he’s helping TON drive its payment roadmap. The goal is to bring crypto payments into everyday Telegram activity, putting TON in direct competition with systems like Solana Pay and Lightning Network.
Adding to the momentum, Telegram Premium has already passed 15 million paying users. This shows a monetized audience is already in place and could soon be introduced to TON-powered payments, tips, and in-app services. Unlike many crypto projects trying to build a user base from scratch, Toncoin already has one waiting.
TON Price Structure Looks Bullish, Next Target at $5 to $6
From a technical standpoint, Crypto Patel pointed out that Toncoin has formed a bullish structure with clear higher highs and higher lows. After bouncing strongly from a recent demand zone, the TON price could now be targeting the $5 to $6 range in the short term. Back when the price was around $2.50, Patel flagged it as a strong entry point, and since then, TON has already jumped 50 percent.
Looking ahead to the full bull market, Patel suggests that the TON price has the potential to rise to $50 or even $70 once altseason fully kicks in. These higher targets reflect not just the chart structure, but also the powerful combination of fundamental support from Telegram, strong user engagement, growing ecosystem, and the new AI integration.
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In his words, “TON is the dark horse of this bull market. It doesn’t shout. It ships.” With wallets set to roll out to all Telegram users, Crypto Patel believes that could be the moment when Toncoin takes over as a major Layer 1 player.
As more analysts begin paying attention, and the broader crypto market turns its eyes away from meme hype and back to utility, Toncoin might become the next breakout story. According to Crypto Patel, the question is not whether it will rally but how far it can go.
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