High hopes rouse for TON coin with Pantera as its latest investor

Pantera aims to introduce crypto to the masses with investment in TON blockchain.
The TON blockchain has received significant recognition among crypto investors following recent partnerships and integrations.
TON could see a rally following Pantera's recent investment.

Ton (TON) blockchain could see more growth in the coming months after investment firm Pantera Capital announced a recent investment in the Layer-one blockchain, as disclosed in a blog post on Thursday.

Also read: Ton Foundation airdrops $600,000 to NFT traders and holders

Pantera invests in Ton blockchain

Ryan Barney, a senior investment associate at Pantera Capital, posted about the company's investment in TON, which "can leverage a network of 900 million people" and can truly help spread crypto to wider communities.

Pantera highlighted many benefits concerning its investment in TON, including blockchain scalability through its shard mechanism, which is highly comparable to other top cryptocurrencies.

"We believe TON has the capacity to introduce crypto to the masses because it is used extensively within the Telegram network," said Pantera Capital.

The TON blockchain has also received recognition among crypto investors following recent partnerships and integrations.

Following these integrations and partnerships, TON coin's market cap dramatically increased in recent months. According to Coinmarketcap, it has joined the top 10 cryptocurrencies, boasting a market cap of $18.17 billion.

Tether has also sought to expand its peer-to-peer reach for stablecoin USDT and Gold-backed XAUT by adding them to the TON network. This may give the stablecoin issuer access to 900 million people who operate on the TON blockchain through Telegram.

Also read: Ton Foundation partners with Hashkey to enable crypto on-ramping for Telegram wallet users

With Pantera Capital's latest investment, alongside other notable partnerships and integrations, TON could be set for a major rally.

Share: Cryptos feed

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.