As demand for decentralized technology grows, Toncoin ($TON) has emerged as a platform expanding its utility and practical use cases.
Especially with Telegram integrating a Web3 wallet via the TON Foundation, many investors are eager to know the Toncoin price prediction.
This article explores TON’s price history, exploring its performance peaks and lows. It also expands on TON’s future utility and gathers predictions from renowned analysts to form a well-rounded perspective on the Toncoin price.
Toncoin Token Price History
Soon after Toncoin’s debut, its price stayed in a tight range as it saw a consolidation phase on its charts till October 2021.
The coin spiked past the $5 mark in early November 2021, reaching its ATH. This occurred after a staking event organized by the OKX crypto exchange. One million TON coins were set to reward those who staked their OKB tokens. But the ATH levels were short-lived, as prices soon fell.
In 2022, Toncoin experienced a downturn. Despite this, the coin returned from a $0.80 low mid-year, to reach $2.40 by the end of the year, showing its ability to rebound.
TON started 2023 with a few months of sideways action – between $2 and $2.40.From March 2023, Toncoin struggled with a downturn after hitting a hurdle at the $2.50 resistance level. It fell below the 20/50/200 EMAs. EMA stands for Exponential Moving Average. Think of it as a way to track an asset’s price over time but with more emphasis on recent prices.
In simple terms, if you’re looking at a 20-day EMA, it’s like getting an average of the past 20 days’ prices but with more weight given to the prices from the last few days. This decline below the EMAs hinted at a bearish bias.
Soon after, Toncoin charted a double-bottom setup on its daily chart. A double-bottom setup is a chart pattern that looks like the letter ‘W’ and is typically seen as a sign that the current downtrend may reverse into an uptrend. But the sellers invalidated this reversal pattern as the TON market continued to display a strong edge for bears.
As a result, by June 10, it plunged to a 10-month low and then fell even further in July and by early August the price had dipped below $1.20 – its lowest price in more than a year.
While September is typically a negative month for Bitcoin and the rest of the crypto market, an announcement by Telegram that the TON Foundation would be building its Web3 ecosystem has seen the price spike.
Telegram, which has almost 800 million users globally, is a wildly popular messaging app – especially in crypto circles – with projects built on the TON blockchain getting priority access to the messaging app’s advertising platform, and TON Foundation also developing the crypto wallet feature on the app. A global rollout will begin in November 2023.
In just one month, TON is up 86%, with the majority of those games coming since the announcement was made on September 13.
Summarizing Toncoin’s price journey:
- Launched in late 2021, prices consolidated till late October.
- Prices surged past $5 in early November, only to fall shortly after.
- 2022 was largely bearish, with a notable rebound from a mid-year low of $0.80.
- In March 2023, the coin faced a downturn, falling below 20/50/200 EMAs.
- The coin charted a double-bottom setup, signaling a potential shift in trend, but the bears invalidated this trend.
- The price hit a low in August 2023, dipping below $1.20, its lowest price in a year.
- The recovery trend formed a descending triangle pattern, indicating potential bearishness.
- However, the announcement of a major partnership with messaging app Telegram has seen the price soar in recent weeks and currently sit at $2.48.
Toncoin Price Prediction 2023
In a time when the market showed some recovery signs, investors commonly seek for the next crypto to explode. At press time, Toncoin trades nearly 53% less than its record peak, signaling a potentially good time to purchase ahead of an expected bull run in 2024 and 2025.
TON currently has huge momentum from the Telegram announcement and has even become a top 10 crypto by market cap due to the huge amount of liquidity flowing into the project – it is currently worth $8.5 billion.
However, some crypto analysts believe the rest of 2023 could be a struggle for Bitcoin and the rest of the crypto markets, ahead of a potential bull run next year. The Bitcoin Fear & Greed Index is currently at 38, indicating an overall bearish sentiment.
While TON currently has huge momentum, it is unclear how much longer than momentum will last, or if the price of the token will see another spike in price when the crypto wallet is rolled out globally on Telegram in November – of if that sparks a sell-off with current investors taking profits.
From our analysis, we anticipate Toncoin’s price to remain between $2.20 and $2.50 by the end of December 2023. If momentum from the Telegram announcement continues, then TON could reach a high of $3.02, however.
The following table offers a month-by-month TON price prediction:
Toncoin Token Price Prediction 2024
As we enter 2024, Toncoin (TON)’s performance will be influenced by several factors, with market momentum being a key player and continued interest in their Telegram partnership.
If bullish trends take hold, we might see TON break the $3 resistance level, potentially pushing the coin to around $4.50. Meanwhile, the $3.70 level can support the year’s lows.
Another crucial aspect is the growing developer engagement around Toncoin. TON has seen a 102% jump in developer activity in the past year.
A proactive developer community might also introduce innovative uses for TON’s blockchain, expanding its practicality and demand and Telegram has further incentivized projects to build on the blockchain as they get priority access to Telegram Ads and the messaging apps near-800 million user base.
Moreover, a recent development in the TON ecosystem is the introduction of the ETH-TON Bridge by the TON Foundation.
This bridge intends to enable transactions between Ethereum and TON, initially supporting a maximum of four different assets. After a successful security audit in 2022, the Foundation plans to quickly broaden the bridge’s functionality, adding more tokens.
The ETH-TON Bridge could have potential ramifications for TON’s value. TON could draw a larger user base by linking two prominent cryptos, boosting demand and driving its price.
The bridge also strengthens TON’s connection with the broader crypto ecosystem, making it one of the top cryptos to watch.
Analysts are also predicting a crypto bull run at some point in 2024 with the Bitcoin halving expected to take place in Apil, a catalyst for historical bull runs in 2021, 2017 and 2013.
However, while these developments appear promising, it’s crucial to understand that investor sentiment can greatly influence the price.
TON Price Prediction 2025
Investors are searching for the best cryptos to trade, especially after the recent market slump that creates potential for significant upside. In 2025, Toncoin’s performance will primarily be influenced by overall market conditions, but we can’t overlook the role of TON’s strategic developments.
As well as continuing to build on Telegram, one such development is the planned introduction of the ‘Elector and Config Update.’ This update is designed to ease the creation of staking smart contracts and allow staking pool members to vote on-chain during network-wide voting.
This may improve network functionality, enhancing its appeal to developers and potential users and encouraging network expansion.
TON’s roadmap also features ‘Slashing Optimization,’ a plan to better identify and penalize inefficient validators. This optimization may improve network effectiveness and dependability, improving user trust.
Furthermore, TON has declared a ‘Scalability and Speed Showcase’ to reveal its ability to process multiple transactions while maintaining efficient scalability under heavy load. This greatly increases TON’s appeal, highlighting the coin’s capability to handle extensive activity without sacrificing performance.
The collective impact of these updates and features may draw more users to the TON network. Monitoring key indicators like the active user count can help assess whether these updates drive user growth.
Given these factors, it’s possible that TON could reach around $6.60 by 2025. Conversely, the price could find support near the $5.40 mark if market conditions turn unfavorable.
TON Price Prediction 2030
As we examine Toncoin’s future, it’s crucial to understand the blockchain tech sector’s growth. In 2022, it was valued at about $11.14 billion and is projected to rise to nearly $470 billion by 2030, indicating a 60% Compound Annual Growth Rate (CAGR).
TON aims to capitalize on this sector’s growth by introducing strategic upgrades to increase its use case. One such upgrade is the ‘Jetton Bridge,’ enabling cross-chain jetton transfers from TON to other big players like Ethereum and Binance Smart Chain.
Another significant feature of TON is the ‘Collator and Validator Separation.’ It aims to divide the validator role into two parts — the collator and the validator — for efficient load management. This could amplify TON’s capacity to process high-volume transactions without hindering performance.
Additionally, TON’s plan to introduce TON Payment Channels and TON Storage reflects its dedication to improving user experience. The Payment Channels will allow users to establish channels for limitless quick micropayments between two participants, charging network fees only for opening and closing the channel.
On the other hand, TON Storage will enable file sharing and storage of any size on the decentralized TON network. These upgrades could notably broaden TON’s range of use and popularity.
Coupled with more developer interest on TON because of its Telegram partnership – which may well lead to other major brands and firms partnering with them if successful – plus overall market trends, TON’s price could reach approximately $25 by 2030. However, the price could stabilize under unfavorable conditions at roughly $19.
From a long-term perspective, the sentiment surrounding Bitcoin and larger macroeconomic conditions should also be considered when forecasting prices to spot the best long-term investment.
Potential Highs & Lows of Toncoin Price
Here’s an overview of our TON price forecast until 2030:
What Do Other Analysts Predict For Toncoin?
Considering projections from several credible sources is vital to form a well-informed opinion on the Toncoin price prediction.
What is Toncoin?
The Open Network (TON) is a decentralized, comprehensive internet platform composed of components: TON Blockchain, TON Storage, TON DNS, and TON Sites.
The TON Blockchain integrates these distinct parts as a core element, forming a holistic TON Ecosystem. The network aims to enhance cross-chain interoperability in a scalable and secure environment, aspiring to support hundreds of millions of users and handle millions of TPS (transactions per second). But what exactly is Toncoin?
Toncoin, or TON, is a unique, community-driven layer-1 blockchain native to this network. Launched in 2018 by founders Nikolai Durov and Pavel Durov, it’s characterized by its fast, cheap, and energy-efficient transactions.
The TON Blockchain’s scalability and reliability stem from its Proof-of-Stake consensus mechanism. By supporting third-party applications, TON allows users to securely send, receive, and store funds.
The TON ecosystem envisions a decentralized environment featuring storage & services, a domain name system (DNS equivalent), an instant payment platform, an anonymous network, and swift transaction processing. In a test run previously, the blockchain processed an impressive 55,000 TPS.
The platform leverages a sharding-based multi-level structure, with each shard performing specific tasks. This innovative design helps reduce latencies, prevent the buildup of unverified blocks, and accelerate transactions.
Additional unique elements, such as the self-healing vertical blockchain mechanism and Toncoin wallet, further contribute to the system’s speed, reliability, and scalability.
Finally, TON’s utility extends to TON storage, allowing private encryption via the owner’s wallet key. The TON DNS operates on a decentralized name system, enabling traditional websites to function on the TON network, and the TON proxy provides access to the TON blockchain through decentralized VPNs.
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What Factors Influence the Price of Toncoin?
Like any other crypto, TON’s price is influenced by various factors. Let’s look at these factors specific to TON.
- Network Utility: Toncoin’s utility within the TON Ecosystem can also impact its price. As these services gain traction, it could increase TON’s demand, pushing its price. For instance, The TON Foundation’s partnership with messaging app Telegram has pushed the price up nearly 90% in just a month, with the blockchain building a Web3 ecosystem for one of the most popular messaging apps in the world.
- Adoption of Toncoin Wallet: The Toncoin wallet, designed to facilitate fast, cheap, and energy-efficient transactions, is a vital part of the TON ecosystem. If it becomes widely adopted due to its unique benefits, it could help Toncoin surge.
- Adoption & Use: Toncoin powers TON’s many services, such as TON Storage and TON DNS, offering private encryption and a decentralized naming system. As these services gain popularity and more users join, Toncoin demand might increase, boosting its price.
- Overall Market Sentiment: Like any other crypto, the overall sentiment in the crypto market can heavily impact TON’s price. Positive news about TON or the broader crypto market can increase investment, driving up the price.
- Regulatory News: Lastly, crypto regulations can affect TON’s price. Positive regulatory news can boost investor confidence, whereas negative news can cause price declines.
Despite a mixed start to the year, Toncoin has shown incredible growth in recent weeks after a major partnership with Telegram was announced.
The messaging app, which has nearly 800 million users, is having its entire Web3 ecosystem built by the TON Foundation, with a crypto wallet to be rolled out globally on the app from November.
That partnership could lead to other partnerships and will also come with benefits for projects that build on the TON blockchain, further enhancing its utility and popularity.
With future strategic upgrades potentially boosting utility and demand, Toncoin could see long-term growth, making it a crypto to watch.
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