What plans does Elon have for Toncoin? Price prediction after the $300 million deal with Grok AI.

Toncoin has fallen by 0.5% in the past 24 hours, decreasing to $3.31 on the same day that the entire crypto market lost 5%. Despite this serious event, this week has still been very favorable for TON as it significantly benefited from the $300 million deal between Telegram and Grok AI on Wednesday. TON has currently increased by 7.5% in the past seven days and risen by 5% in two weeks, although this altcoin – the 20th largest coin in the crypto market – has fallen by 48% in the past year. However, the integration of Grok into Telegram's messaging service could be the main catalyst for future growth, as the price of TON is likely to benefit from it. What plans does Elon have with Toncoin? Price prediction after the 300 million dollar deal with Grok AI. According to the terms of the agreement on Wednesday, Elon Musk's AI company, xAI, will invest 300 million dollars into Telegram in exchange for the company integrating Grok into its messaging platform and applications.

In addition, Telegram will retain 50% of the total subscription revenue generated by Grok through Telegram, along with a $300 million investment that could provide this social media company with significant capital for future development and expansion. Regarding the impact of this on TON (Open Network), the integration of Grok could attract more users to Telegram, which hosts many applications using TON as the payment currency. In other words, TON could be applied more in the long run and therefore the price will be higher. But currently, Toncoin is still in a relatively weak position, although it is not far from a strong comeback of this token. The 30-day moving average ( orange ) has been below the 200-day moving average ( blue ) since the end of January, which means that the price has been overdue for a recovery.

While the RSI index (purple) has shown some signs of recovery in recent weeks, this index has not experienced any sustainable growth phase since December, which once again means that the bullish momentum may not be far off. Therefore, we can see the price of Toncoin reaching 4 dollars by the end of July before rising to 5 dollars in Q4. Basically, TON is in a good position, with a total number of accounts currently at 152.8 million and the number of daily active wallets at 128,000. The total value locked is also at 158 million dollars, although it has fallen 52% compared to last year.