As the cryptocurrency markets continue to grow, companies operating in this field keep receiving investments. A crypto project supported by Telegram’s 800 million users has received investment from an Asia-based investment fund.
Animoca Brands, a capital firm focusing on gaming and the metaverse, announced its investment into the TON ecosystem. Following this investment, the company became the largest validator of the TON network. With Telegram’s support, the TON ecosystem continues to grow, and TON Play has recently been attracting investors’ attention. With the increasing interest in P2E (Play to Earn) projects, the team has taken a significant step, and the support of Telegram’s 800 million users could contribute to the project’s success.
While the price of TON Coin has not been able to close above $2.47 for a few days, it is now trying to surpass this level again. At the time of writing, the price has crossed the critical threshold and, with the support of the news, could maintain its momentum to reach the levels of $2.51 and $2.60. If TON Coin can close above $2.72, it could test the $3 peak, which would mean a potential double-digit percentage increase from the current price.