During the TON Hacker House event, held in Hong Kong during TON Partners Day, Jehan Chu predicted a potential 100-fold price increase. However, he noted that achieving this goal would require a different positioning.
Jehan Chu is a co-founder and managing partner of Kenetic, a Hong Kong-based venture capital fund specializing in blockchain and cryptocurrency trading.
The current TON valuation is hardly comparable to Ethereum, which has a market capitalization of 70 billion FDV*, while TON's got 17.17 billion. However, he suggests considering TON as the equivalent of WeChat Point.
*Actually, Ethereum's market capitalization is 387 billion FDV, while TON's is 26 billion.
Jehan claims that if TON is similarly positioned as WeChat Coin, its price could potentially increase 100-fold.
We remind you that WeChat and Telegram share many similarities, which we extensively covered in this detailed article.
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