TON coin is on the brink of significant growth, according to recent analysis, while TON Strategy has announced a stock buyback program.
Price Prediction for TON Coin
Crypto analyst Bobby noted that there is a multi-month accumulation setup on the daily chart for TON coin, indicating a potential rise toward $4. He mentioned that Telegram’s 1 billion users could enhance the bullish narrative for TON, potentially breaking through key resistance.
Stock Buyback of $250 Million
TON Strategy Company, formerly known as Verb Technology, announced its plan to execute a $250 million stock buyback. Executive Chairman Manuel Stotz stated that this strategy offers the company flexibility in capital allocation.
Current Market Performance of TON
At the time of writing, the price of TON has increased by 0.54%, standing at $3.18. However, TONX shares have retreated by approximately 3.16%, trading around $11.50.
The focus on TON coin price and the stock buyback program points to heightened interest from investors and potential future growth.
