Ben Zhou, the CEO of one of the largest cryptocurrency exchanges by trading volume, recently shared significant insights with Colin regarding the future of TON Coin. Given Zhou’s perspectives on the cryptocurrency world and specifically on TON Coin, the details of this discussion may prove beneficial. What expectations does Zhou have for the cryptocurrency domain and for TON Coin in particular?
Future of TON Coin
Zhou mentions that Bybit participated in the latest funding round for TON Coin, highlighting the strength of its user base. He commends TON Coin for effectively utilizing Telegram’s support through airdrop models in mini-apps, which has garnered his approval. As discussed previously, the interest from exchanges in the TON Coin ecosystem stems from the motivation to attract more users, a point Zhou corroborates.
“Indeed, many are now copying this model. The success of TON has inspired others. However, this model may also be overused. Future token projects may need to be cautious as the same users may circulate among projects.”
“Some tokens have brought millions of new registrations, with 400,000 to 500,000 being users who invested money.”
This indicates that the excitement surrounding the TON Coin ecosystem may not last indefinitely. As new tokens gain traction to quickly attract users from regions like Eastern Europe, Africa, South Asia, Nigeria, India, and several European countries, there may come a saturation point. This could spell a downturn in the growth of the TON Coin ecosystem if new tokens fail to garner sufficient exchange interest.
Ultimately, the cycle of people earning money through airdrops, exchanges acquiring new users, and applications generating revenue through deals and token sales keeps the system active.
Comments on TON Coin
In September, TON Coin shifted its trajectory upward, influenced by the court’s decision allowing Durov to be tried without detention. With Telegram now expressing a willingness to meet the conditions set forth by the EU, the legal pressure may ease. This could naturally lead to an increase in the price of TON Coin, especially with positive news such as the case being dropped in France.
The HMSTR Token is set to be listed on exchanges tomorrow, and everyone will shift their attention to this potential major airdrop, returning to projects that are just beginning their journey with TON Coin. Closing prices above $5.89 could facilitate a reclaim of the $6.20 support level, while $7.80 will be a significant stop for achieving targets of $8.28 and $10.
