Toncoin Price Prediction: Will TON Coin Reach $100?

August 27, 2024

Price Prediction

Sean Korbett

Toncoin (TON) is the native token of The Open Network (TON), a decentralized Layer-1 blockchain network initially created by Telegram and now under development by the TON Foundation. Designed to enable scalable cross-chain interoperability and facilitate seamless transactions, Toncoin quickly gained traction in the crypto community after its 2021 launch. How will TON coin’s price change in the future? Explore the latest analysis in StealthEX’s article on Toncoin price prediction​.

The recent arrest of Telegram’s founder, Pavel Durov, has cast uncertainty over the future of projects associated with Telegram, including TON. Durov was arrested in France on August 24, 2024, on charges related to the alleged misuse of the Telegram platform for criminal activities. This arrest has sparked international debate and concern, particularly as Telegram is a crucial platform for communication and information sharing globally.

The implications of Durov’s arrest for TON and its associated projects are yet to be fully understood. As the situation develops, the long-term price prediction for Toncoin could be influenced by legal and regulatory challenges that may arise from this case.

Toncoin (TON) Overview

The Open Network is a community-driven blockchain with a flexible architecture that focuses on serving the average consumer. In September 2021, the network processed a then-world record of 55,000 TPS during a contest, while reports estimate that current TPS could reach hundreds of thousands or perhaps millions. This high TPS rate and validation are seen as critical factors in the project’s quick growth, as they are anticipated to help avoid performance losses while also having a minimal environmental footprint. 

The TON token can be used to pay for smart contract processing fees, cross-chain transaction fees, lending funds to validators in exchange for interest, and blockchain-based domain name registration. It can also serve as validators’ stakes, which are required to maintain the blockchain and payments services supplied by platform-built apps, and it is an essential component of TON’s on-chain governance program.

Since 2017, the team at Telegram had been developing a new blockchain platform called the TON and a native cryptocurrency called Gram. The Open Network is a blockchain project created by brothers Nikolai and Pavel Durov to build a platform that disrupts the decentralized application space by leveraging Telegram’s wide user base. However, after a lengthy legal battle between Telegram and the SEC, Durov decided to abandon the project, and in May 2020, an open-source developer community led by Kirill Emelyanenko and Anatoliy Makosov initiated NewTON open-source community aimed at further development and support of TON on the open source principles. In May 2021, the NewTON team was renamed as TON Foundation (The Open Network), a not-for-profit community focused on the support and development of the network. 

Toncoin (TON) Features

The Open Network offers several features within the crypto space:

1. TON Payment Channels. $TON is the only token accepted to pay for most transactions on the Toncoin blockchain and across blockchains. Anyone using the Toncoin network must pay $TON to process transactions, just like users on the Ethereum blockchain must pay $ETH gas fees. $TON is also required to pay for data storage on the Toncoin blockchain and for blockchain-based domain names. Toncoin is developing a proxy, and $TON is also expected to be used to pay for access to the proxy.
2. Governance. TON coin is also used as a governance token for the Toncoin blockchain. Everyone who owns $TON can take part in voting on proposals for the future of the network.
3. Staking. Investors in Toncoin can also stake their $TON tokens to validate transactions on the network. The blockchain uses a similar Proof-of-Stake validation mechanism to Ethereum and other major networks.
4. TON Proxy. This tool provides privacy features by allowing users to hide their identity and IP addresses from third parties, enhancing user security and data protection on the network.
5. TON DNS. A service that simplifies blockchain account addresses into human-readable names, making the platform more user-friendly and accessible.
6. TON Storage. A distributed file-storage system that users can access to store and retrieve data securely and efficiently. It integrates with the blockchain, allowing for decentralized hosting of content.

TON Coin Price Chart    

CoinMarketCap, August 27, 2024

Toncoin Price History Highlights 

• 2021: Trading in TON began before all of the available tokens were mined. According to CoinMarketCap data, $TON traded at $0.50 in August 2021, but jumped as high as $4.45 by November.
• 2022: Toncoin suffered heavily with the rest of the crypto market during the downturn, with the price tumbling to $0.80 by June 2022. However, the token experienced a steady rise through the remainder of 2022 and into 2023 as it gained more users and built up the network infrastructure. During this period, trading volume was typically between $25 and $100 million per day. 
• 2023: Interest in $TON waned in the first half of 2023 after the project’s first governance vote, with the price falling to $1.20 in early August. 
• 2024: The recent crypto market spike has seen TON reach $7.25 in April of 2024. In June TON’s price went even higher and hit an all-time high of $8.24. Since then it has dropped, at the present moment, it fluctuates between $5 and $6.

Toncoin Price Prediction

TON Coin Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 TON coin’s price might go as high as $15.62 (+120%), while at its lowest point it can drop to $6.37 (-10%).

PricePrediction analysts believe that in 2024 Toncoin will drop in price: coin can go as low as $2.66 (-62%), while at its maximum TON will rise to $2.94 (-58%).

Telegaon crypto experts anticipate that in 2024 TON can rise to a minimum of $9.32 (+31%) or hit a new all-time high of $15.91 (+124%).

Toncoin Price Prediction 2025

Based on the predictions of experts at DigitalCoinPrice, in 2025, TON might reach $18.42 (+159%) per coin at its highest point. Its lowest price might drop to $15.25 (+114%).

According to PricePrediction, in 2025 TON crypto will recover a bit, however, insignificantly: $3.9 (-45%) at its lowest point while it can also reach $4.64 (-34%) at its peak.

Telegaon analysts believe that in 2025 TON coin is going to hit new price levels: it can reach a lowest point of $16.12 (+127%), while at its highest point it can rise to $24.97 (+251%).

TON Coin Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, TON coin will rise even higher: its maximum price level is set at $53.32 (+650%), while at its low it can drop to $48.00 (+576%).

According to PricePrediction experts, by 2030 TON coin will finally rebound and hit a minimum of $25.64 (+261%), while at its highest point it’s going to rise to $30.94 (+335%).

Telegaon experts believe that TON will continue rising in price: according to them, in 2030 TON has the potential to reach a maximum price of $102.73 (+1,346%) per coin, while at its bottom it can hit $75.53 (+963%).

Toncoin Price Prediction 2040

PricePrediction believes that by 2040, TON crypto is going to reach amazing price levels: $1,242 (+17,392%) at its low and a crazy $1,564 (+21,928%) per coin at its peak.

Telegaon crypto analysts think that in 2040 Toncoin will trade at a minimum of $325.12 (+4,479%). It can also soar to a maximum of $408.51 (+5,653%).

TON Crypto Price Prediction: Experts’ Opinions

Toncoin technology is based on The Open Network, a unique blockchain platform that has various technological advantages that set it apart in the congested digital asset sector. One distinguishing feature is its fast transaction processing capabilities, which can handle millions of transactions per second because of its dynamic sharding system. This scalability makes it an appealing choice for developers seeking to create efficient and scalable apps. And even though TON has many competitors, the project has a solid reputation because of its connection to Telegram, a popular messenger.

Because of TON’s high potential, CoinMarketCap, along with many other analysts, thinks that TON is going to make good progress by 2030 and reach $28.75 at its peak. This is an opinion supported by the vast majority of experts. Toncoin (TON) has been showing upward price trends due to the rapid growth of crypto mini-apps like Hamster Kombat, TapSwap, and more emerging games on Telegram, and this may be not the only trend that’s going to influence the coin’s price.

TON USDT Price Technical Analysis     

Tradingview, August 27, 2024

Now that we’ve seen possible price predictions for TON, let’s find out a bit more about the factors that can influence its price.

What Does the Toncoin Price Depend On?

A lot of factors influence the price of TON as a cryptocurrency. The price of TON coin is mostly determined by market demand. When there is high demand for TON, the price tends to grow. When demand falls, prices may fall. Investor sentiment, market developments, and general interest in cryptocurrencies can all influence demand for Toncoin.

Moreover, the supply and circulation of TON play an important effect in determining its value. If the market has a limited supply of Toncoin, scarcity can occur, driving up prices. On the other hand, an overabundance of coins might result in a drop in value. Understanding the circulating supply and any prospective changes to it can provide useful information about the future price movements of TON.

As in the case with almost all cryptocurrencies, the technological improvements and development efforts made by the Telegram Open Network team have the potential to significantly impact the value of Toncoin. Improving the blockchain platform, introducing new features, and successfully implementing the technology can boost investor trust and attract additional users to the network. This, in turn, can raise demand for TON, raising its price. Additional factors can include news concerning Telegram and its progress as a messenger and the regulatory environment and changes in regulations around the world.

When assessing Toncoin as an investment, keep the following considerations in mind:

• Supply and demand;
• Technological improvements;
• Market sentiment;
• Economical factors;
• Integration with existing financial systems;
• Regulatory changes;
• Utility;
• News concerning Telegram and its popularity;
• Wider adoption.

Risks and Opportunities

The price of TON heavily depends on its utility, usage, and popularity. In January 2022, TON had 200,000 active monthly wallets. A year on, this number soared to over 700,000. Currently, it’s nearing $1.7 million, showing an increase in the use of Toncoin wallets and hinting that widespread adoption could potentially become a reality. Toncoin accounts have increased by almost 250% in the last year, as reported in the TON Ecosystem Report Q3 2023. All of this indicates that Toncoin appears to be a popular pick among cryptocurrency fans.

Despite this, Toncoin remains a risky investment as it’s volatile and its price can be influenced by a large number of factors. However, as the crypto market grows, TON can become even more prominent.

Is Toncoin a Good Investment?

Investing in Toncoin provides access to a cutting-edge blockchain technology with the potential for huge returns as the network grows and receives wider acceptance. Toncoin investors gain access to a cryptocurrency that prioritizes privacy and scalability, as well as involvement in a burgeoning digital economy. Nonetheless, it’s best to be aware that TON, just like all cryptocurrencies, is a risky investment.

What Is Toncoin All-Time Low?

Toncoin’s all-time low was in September of 2021 when it hit $0.39.

What Is the Maximum Supply of Toncoin?

The maximum supply of Toncoin is 5 billion TON.

Is TON a Coin or Token?

TON is a coin as it operates on its own independent blockchain.

Does Toncoin Have a Future?

Many believe it does. Naturally, it depends on technological advancements, market dynamics, and regulatory changes, however, it seems to be a strong player.

Can Toncoin Reach $100?

Telegaon experts predict that this might happen in 2030, with TON coin reaching $103 at its peak.

How High Can a TON Coin Go?

According to PricePrediction, it can soar to $1,564 in 2040.

How Much is Toncoin Worth in 2024?

According to DigitalCoinPrice, in 2024 TON token can go as high as $15.6.

What Is the Price Prediction for Toncoin in 2025?

If we are to believe experts at Telegain, in 2025 Toncoin will hit a maximum of $25.

What Is the TON Coin Price Forecast for 2030?

PricePrediction sets the maximum price level for TON coin in 2040 to $53.

Conclusion

TON has been capitalizing on the popularity of Telegram, and it has helped the blockchain to gain a wide and loyal community. The future outlook on Toncoin is determined by a variety of factors, including technology updates, regulatory developments, and market demand. By attentively watching these elements and being up to date on the latest Toncoin news and developments, you can gain insights into the coin’s likely future performance. With new upgrades and a bullish market, we might soon see the TON coin rise in price even higher.

Where to Buy Toncoin Crypto?

StealthEX is here to help you buy TON coin if you’re looking for a way to invest in this cryptocurrency. You can buy TON privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy TON Coin: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to TON. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.