The price of TON surges – Will the integration of Grok AI drive the next breakout?

The news of integrating Grok AI into Telegram has attracted considerable attention to the Toncoin ecosystem (TON). This development comes after Elon Musk confirmed the collaboration, creating a sense of optimism among investors.

At the time of writing, Toncoin has increased by 4% on the 24-hour chart, reaching a price of $3.70. The total value locked (TVL) in the TON ecosystem is $163 million, indicating strong confidence from market participants. Additionally, the open interest (OI) has risen by 14.66%, totaling $176.23 million.

How will the integration of Grok AI and Telegram impact TON?

Elon Musk's confirmation of the integration of Grok AI into Telegram marks an important turning point for Toncoin. The presence of Grok AI in the Telegram social network will allow projects built on the TON blockchain to utilize the advanced functionality of the network.

This partnership can significantly improve user engagement, thereby strengthening the TON ecosystem. If developers and users fully embrace Grok AI, this will create higher demand for Toncoin

Therefore, the new integration can bring more utility value to the TON blockchain and the potential to push prices higher.

Will the TON price maintain above the resistance level of 4 dollars ?

Toncoin has recently broken out of a descending wedge, an indicator suggesting the potential for bullish momentum. At the time of writing, the price is approaching a critical resistance level of around $4. If TON can maintain this momentum and breach the $4 level, it could open up opportunities for further growth, with the potential to reach $5.55.

In the coming days, the market will closely monitor Toncoin's ability to hold above this resistance level. However, a clear break above 4 dollars is important for the price of TON to continue its upward trend.

Source: TradingView## OI and liquidation say what?

The OI of Toncoin reached $176.23 million, indicating that traders are optimistic about the future prospects of this coin. However, liquidation data has revealed an interesting trend: the number of Long positions liquidated is higher than Short.

This means that although there is an optimistic sentiment, traders are facing volatility and the risk of price corrections, as prices occasionally move against their positions. Despite the positive OI, the higher number of Long liquidations indicates caution in the current market environment.

Source: Coinglass## Is Toncoin showing a lot of on-chain activity?

On-chain activity has increased slightly, with the number of active addresses reaching 219 at the time of writing. The number of transactions has also increased slightly to 156 transactions, signaling higher user participation in the network.

While this upward move isn't too drastic, the numbers hint at growing interest in Toncoin once the Grok AI integration comes into effect. The improved performance will continue to support TON's momentum, especially if more and more users and developers join the ecosystem in the coming weeks.

Source: Santiment## Conclusion

The price performance of Toncoin has shown positive prospects, especially with the integration of Grok AI into Telegram. Although OI and on-chain activity indicate positive prospects, the higher number of liquidations of Long positions means that the market is facing some volatility.

Therefore, although the integration of Grok AI could drive a strong price surge for Toncoin, whether it can push the price above $4 remains uncertain. However, if it can break through and hold above $4, that would open up opportunities for further growth.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

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Minh Anh

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