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Toncoin Price Prediction 2024-2030

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2024-03-20 11:25:10913browse

The coin has been surging in recent days following Telegram’s announcement and is now up 86% in the last month and 108% higher than in early August. By 2024 and 2025, with positive market sentiment and increasing developer participation in Toncoin, the token may reach $4.50 and $7 respectively.

Toncoin Price Prediction 2024-2030

As the demand for decentralized technology grows, Toncoin ($TON) has emerged as a platform to expand its utility and real-world use cases.

Especially with Telegram integrating Web3 wallet through the TON Foundation, many investors are eager to know the price prediction of Toncoin.

This article explores TON’s price history, exploring its performance peaks and troughs. It also expands on TON’s future utility and gathers predictions from prominent analysts to form a comprehensive view on Toncoin price.

2024 to 2030 TON Price Prediction – Summary

Let’s quickly look at some key points to outline the Toncoin price prediction to 2030:

  • The coin has been surging in recent days following Telegram’s announcement and is now up 86% in the last month and 108% higher than in early August.
  • By 2024 and 2025, with positive market sentiment and increasing developer participation in Toncoin, the token may reach $4.50 and $7 respectively.
  • By 2030, given the expected growth of the blockchain industry and Toncoin’s strategic upgrade, as well as its Telegram functionality, the token price may rise to approximately $25 under favorable conditions.
##YearPotential LowMeal Average BudgetPotential High
2024 $3.70 $4.10 $4.50
2025 $5.40 $6 $6.60
2030 $19 $22 $25

Toncoin Token Price History

Shortly after Toncoin’s debut, its price remained within a tight range as it saw a consolidation phase on the charts until October 2021.

The coin surged to the $5 mark in early November 2021, reaching ATH. This happened after a staking event organized by Eureka Exchange. 1 million tons of coins will be used to reward those who stake OKB tokens. But the ATH level was short-lived as the price quickly fell.

In 2022, Toncoin experienced a downturn. Nonetheless, the coin recovered from mid-year lows of $0.80 to reach $2.40 by the end of the year, showing its ability to rebound.

TON went through several months of trading sideways in early 2023 – between $2 and $2.40. Starting in March 2023, Toncoin fell into a downturn after hitting resistance at $2.50. It fell below the 20/50/200 EMA. EMA stands for Exponential Moving Average. Think of it as a way of tracking an asset's price over time, but with more emphasis on recent prices.

Simply put, if you are looking at the 20-day EMA, it is like taking the average of the last 20 days of price, but giving more weight to the price of the past few days. A break below the EMA suggests a bearish bias.

Shortly after, Toncoin drew a double bottom setup on its daily chart. A double bottom setup is a chart pattern that looks like the letter "W" and is often seen as a sign that the current downtrend may reverse into an uptrend. But sellers invalidated this reversal pattern as the TON market continues to show strong dominance by the bears.

As a result, it fell to a 10-month low by June 10, then fell further in July, and by early August, the price had fallen below $1.20 - its lowest level in more than a year price.

While September is typically a negative month for Bitcoin and other crypto markets, prices soared following Telegram’s announcement that the TON Foundation would build out its Web3 ecosystem.

With nearly 800 million users worldwide, Telegram is a popular messaging app — especially among crypto circles — and projects built on the TON blockchain have priority access to messaging The app’s advertising platform, the TON Foundation, has also developed a crypto wallet feature on the app.

In just one month, TON is up 86%, with most of the games launched since the September 13 announcement.

Summary of Toncoin’s price history:

  • was launched at the end of 2021, and the price was consolidated until late October.
  • The price surged to over $5 in early November, but fell shortly after.
  • 2022 is largely bearish, with a clear rebound from the mid-year low of $0.80.
  • In March 2023, the coin faced a downturn and fell below the 20/50/200 EMA.
  • The coin charted a double bottom setup, signaling a potential shift in trend, but bears nullified this trend.
  • The price hit a low in August 2023, falling below $1.20, the lowest price in a year.
  • The recovery trend has formed a descending triangle pattern, indicating a bearish potential.
  • However, the price has surged in recent weeks following the announcement of a major partnership with messaging app Telegram, and currently stands at $2.48.

Toncoin Token Price Prediction 2024

As we enter 2024, the performance of Toncoin (TON) will be affected by several factors, with market momentum being a key player, and Continued interest in their Telegram partnership.

If the bullish trend continues, we may see TON break above the $3 resistance, potentially pushing the coin to around $4.50. Meanwhile, the $3.70 level could support this year’s lows.

Another key aspect is the growing developer engagement surrounding Toncoin. TON’s developer activity has grown 102% over the past year.

A proactive developer community may also introduce innovative uses for TON’s blockchain, expanding its utility and demand, with Telegram further incentivizing projects to build on the blockchain as they have priority access to Telegram ads and messaging app with a user base of nearly 800 million.

Additionally, the latest development in the TON ecosystem is the ETH-TON bridge launched by the TON Foundation.

The bridge is designed to enable transactions between Ethereum and TON, initially supporting up to four different assets. Following a successful security audit in 2022, the foundation plans to rapidly expand the functionality of the bridge, adding more tokens.

The ETH-TON bridge may have a potential impact on the value of TON. TON could attract a larger user base by connecting two well-known cryptocurrencies, thereby boosting demand and driving its price.

The bridge also strengthens TON’s connection to the broader crypto ecosystem, making it one of the top bridge cryptocurrencies to watch.

Analysts also predict that the cryptocurrency will A bull run is expected to occur sometime in 2024, with the Bitcoin halving expected to occur on Apil, the catalyst for the historic bull runs in 2021, 2017, and 2013.

However, while these developments look promising, it is important to understand that investor sentiment can greatly affect prices.

TON Price Prediction (2025)

Investors are looking for the best cryptocurrencies to trade, especially after the recent market plunge, which created the potential for significant gains. In 2025, Toncoin's performance will be mainly affected by overall market conditions, but we cannot ignore the role of TON's strategic development.

In addition to continuing to build on Telegram, one of the developments is the planned introduction of "electors and configuration updates". This update is designed to simplify the creation of staking smart contracts and allow staking pool members to vote on-chain during voting periods across the network.

This may improve network functionality, enhance its appeal to developers and potential users, and encourage network expansion.

TON’s roadmap also includes “Cutting Optimization,” a plan to better identify and punish inefficient validators. This optimization can improve the effectiveness and reliability of the network and increase user trust.

In addition, TON also announced a “scalability and speed demonstration” to demonstrate its ability to handle multiple transactions while maintaining efficient scalability under heavy load. This greatly increases TON’s appeal, highlighting the coin’s ability to handle large volumes of activity without sacrificing performance.

The collective impact of these updates and features may attract more users to join the TON network. Monitoring key metrics like active user counts can help evaluate whether these updates are driving user growth.

Given these factors, TON could reach around $6.60 by 2025. Conversely, if market conditions turn unfavorable, the price may find support near the $5.40 mark.

TON Price Prediction 2030

When we look at the future of Toncoin, it is crucial to understand the growth in the blockchain technology space. In 2022, it was valued at approximately $11.14 billion and is now expected to grow to nearly $470 billion by 2030, representing a compound annual growth rate (CAGR) of 60%.

TON aims to capitalize on the growth of the industry by introducing strategic upgrades to increase its use cases. One of these upgrades is the “Jetton Bridge,” which enables TON cross-chain Jetton transfers to other big players like Ethereum and Binance Smart Chain.

Another important feature of TON is "Collator and Validator Separation". It aims to split the validator role into two parts - Collator and Validator - to enable efficient load management. This enhances TON’s ability to handle large batches of transactions without impacting performance.

In addition, TON plans to introduce TON payment channels and TON Storage, reflecting its determination to improve user experience. Payment channels will allow users to channel unlimited fast micropayments between two participants, charging only network fees 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 significantly expand TON’s usage and popularity.

Couple that with the increased interest in TON from developers thanks to the partnership with Telegram - which, if successful, will likely lead to other major brands and companies partnering with them - plus the overall According to market trends, the price of TON may reach around $25 by 2030. However, under adverse conditions, the price may stabilize around $19.

Longer term, the sentiment surrounding Bitcoin and larger macroeconomic conditions should also be considered when predicting price to discover Bitcoin. Best Long-Term Investment.

Potential Highs and Lows for Toncoin Price

Here is an overview of our TON price prediction for 2030:

year low potential average meal budget high potential
2024 $3.70 $4.10 $4.50
2025 $5.40 $6 $6.60
2030 $19 $22 $25

What are other analysts’ predictions for Toncoin?

Considering predictions from multiple reliable sources is crucial to forming an informed opinion on Toncoin price predictions.

Team Digital Coin Price Prediction Toncoin may reach $14.08 in the coming years. Their detailed predictions for the next ten years are as follows:

  • By 2024, they expect prices to rise to a minimum of $2.89, an average of $3.44, and a maximum of $3.49.
  • Their predictions continue to rise each year, reaching a low of $13.11, an average of $13.76, and a high of $14.08 by 2030.

Telegaon, on the other hand, has a slightly different view on the future of Toncoin. Their forecasts are generally more optimistic:

  • By 2024, they predict, prices could rise between $5.32 and $7.91.
  • They predict a significant price surge between $25.53 and $30.73 by 2030, showing significant growth potential.

CoinCodex uses a unique methodology to provide forecasts based on the growth of the technology industry. They predict:

  • By 2024, Toncoin price will be between $1.688339 and $5.07, which represents a potential growth of 271.79%.
  • By 2025, the price range is $2.16 and $11.25, with an expected increase of 724.73%.
  • For 2026, they expect the price to range between $2.77 and $24.95, indicating a possible surge of 1,729.51%.

Final PricePrediction.net prediction:

  • By 2024, they expect prices to be between $3.87 and $4.49 between.
  • Their most optimistic forecast is for 2030, with prices ranging from $37.33 to $44.05.

What is Toncoin?

The Open Network (TON) is a decentralized comprehensive Internet platform consisting of the following components: TON Blockchain, TON Storage, TON DNS, and TON Sites.

The TON blockchain integrates these different parts into core elements to form an overall TON ecosystem. Designed to enhance cross-chain interoperability in a scalable and secure environment, the network is designed to support hundreds of millions of users and handle millions of TPS (transactions per second). But what exactly is Toncoin?

Toncoin (TON for short) is a unique, community-driven layer 1 blockchain native to the network. Launched in 2018 by founders Nikolai Durov and Pavel Durov, it is characterized by fast, cheap and energy-efficient transactions.

The scalability and reliability of the TON blockchain stem from its proof-of-stake consensus mechanism. By supporting third-party applications, TON allows users to send, receive, and store funds securely.

The TON ecosystem envisions a decentralized environment including storage and services, domain name system (equivalent to DNS), instant payment platform, anonymous network and fast transaction processing. In a previous test run, the blockchain handled an impressive 55,000 TPS.

The platform utilizes a multi-level structure based on sharding, with each shard performing specific tasks. This innovative design helps reduce latency, prevent the accumulation of unverified blocks, and speed up transactions.

Other unique elements such as the self-healing vertical blockchain mechanism and Toncoin wallet further increase the speed, reliability and scalability of the system.

Finally, TON’s utility extends to TON storage, allowing private encryption via the owner’s wallet key. TON DNS operates on a decentralized name system, enabling traditional websites to run on the TON network, while TON Proxy provides access to the TON blockchain through decentralization.

TON Overview

Cryptocurrency 通currency
Stock code Tone
Price $2.50
Price change (24 hours) 5.86%
Market value 8,568,666,840 yuan
Circulation supply 3,431,892,088
Trading volume (24 hours) $50.087,707
Historical high $5.29
Historical Low $0.519364

What factors will affect the price of Toncoin?

Like any other cryptocurrency, the price of TON is affected by various factors. Let’s look at these TON-specific factors.

  • Network Utility: Toncoin’s utility in the TON ecosystem will also affect its price. As these services gain traction, it will likely increase demand for TON, thus pushing its price higher. For example, the TON Foundation’s partnership with messaging app Telegram drove the price up by nearly 90% in just one month, with the blockchain building a Web3 ecosystem for one of the world’s most popular messaging apps.
  • Adopt Toncoin Wallet: Toncoin wallet is designed to facilitate fast, cheap and energy-saving transactions and is an important part of the TON ecosystem. If it becomes widely adopted due to its unique advantages, it could help Toncoin surge.
  • Adoption and Usage: Toncoin powers many of TON’s services, such as TON Storage and TON DNS, providing private encryption and a decentralized naming system. As these services gain popularity and more users join, demand for Toncoin is likely to increase, pushing up its price.
  • Overall Market Sentiment: Like any other cryptocurrency, the overall sentiment of the cryptocurrency market can heavily impact the price of TON. Positive news about TON or the broader crypto market can increase investment, pushing prices higher.
  • Regulatory News: Finally crypto regulations will affect the price of TON. Positive regulatory news can boost investor confidence, while negative news can cause prices to fall.

Conclusion

Despite a mixed start to the year, Toncoin has shown incredible growth in recent weeks after announcing a major partnership with Telegram.

The messaging app with nearly 800 million users is building its entire Web3 ecosystem by the TON Foundation and will launch crypto wallets on the app globally starting in November.

This partnership may lead to other partnerships and will also bring benefits to projects built on the TON blockchain, further increasing its utility and popularity.

With future strategic upgrades likely to increase utility and demand, Toncoin is likely to see long-term growth, making it a cryptocurrency worth watching.

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