Toncoin Price Prediction: Will TON Coin Price Hit $100?

January 23, 2024

Price Prediction

Sean Korbett

Discover one of the most controversial cryptocurrencies on the market as we dive deep into the origins of Toncoin (TON). TON (The Open Network) is a blockchain that was first created by Telegram and is presently being developed by the TON Foundation. Its purpose is to enable scalable cross-chain interoperability. The native TON currency, known as Toncoin, is utilized for network operations and other transactions involving TON-based applications. Learn more about Toncoin price prediction in StealthEX’s latest article.

Toncoin (TON) Overview

The Open Network is a decentralized Layer-1 smart contract network built for routine and specialized financial applications. More than one million NFTs have been created on the network, supporting the generation of both fungible and non-fungible tokens. 

A Proof of Stake (PoS) network called TON aims to provide a means for a variety of users to communicate across an unchangeable financial infrastructure, as well as a scalable network for financial transactions. Through the implementation of the PoS consensus algorithm and an all-around adaptable architecture, The Open Network aims to create a blockchain network that can support billions of users without experiencing major disruptions or significant reductions in efficiency.

Crypto fans refer to Toncoin as the token that Telegram almost launched: following the SEC’s lawsuit in 2020, the messaging network abandoned its cryptocurrency aspirations. Developers not connected to Telegram took up the project after Telegram abandoned Toncoin. In 2021, Newton (currently known as Toncoin) took control of the Toncoin source repository and the ton.org domain name. Toncoin introduced the $TON token and the Toncoin blockchain in the same year.

According to its design, TON takes a divisional approach to blockchain scalability. It rations the network’s workload across different subchains that work in synergy with a master chain. It claims that this strategy keeps the network light and efficient. TON operates a virtual machine that controls the network’s status and permits communication between contract accounts and outside apps. The network enables decentralized finance projects to implement their solutions. 

Toncoin Features

Toncoin (TON) is equipped with a number of features. For instance:

1. Payments. $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.

Toncoin (TON) Price: History Highlights

• 2021: Trading in TON began before all of the available tokens were mined. According to CoinMarketCap data, $TON traded at $0.5 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 $0.8 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 $1.2 in early August.
• 2024: At the moment, it costs around $2.1-$2.4.

Toncoin (TON) Price Chart

CoinMarketCap, 23 January 2024

Toncoin Price Prediction

TON Coin Price Prediction 2024

Crypto analysts at DigitalCoinPrice believe that in 2024, Toncoin will grow in price. According to their estimations, in 2024 TON crypto’s price might go as low as $1.98 (-10%), while at its peak it can go to a price level of $4.82 (+119%).

PricePrediction crypto experts think that in 2024 TON’s price will be rising. Its minimum low can reach $3.17 (+44%), while at its maximum Toncoin crypto will cost as much as $3.68 (+67%).

WalletInvestor predicts that in 2024 Toncoin will fluctuate within a very narrow price range for cryptocurrencies. According to this website, TON can cost around $2.172 (-1%) at its lowest level, while at its peak it can go as high as $3.209 (+45%).

Toncoin Price Prediction 2025

According to DigitalCoinPrice, Toncoin will continue rising in price. Based on their analysts’ forecasts, in 2025, TON might go as high as $5.71 (+159%) per coin at its highest point. Toncoin can reach $4.74 (+115%) when it hits its low.

Experts at PricePrediction are very optimistic about Toncoin: they think that in 2025, its lowest price can start at $4.56 (+107%) and it can also reach $5.58 (+153%) at its peak.

WalletInvestor believes that in 2025, Toncoin won’t make much progress. The website’s analytics predict that TON’s price might go as low as $2.485 (+12%), while at its peak it can reach $3.514 (+59%).

Toncoin Price Prediction 2030

DigitalCoinPrice crypto analysts think that by 2030, TON coin will make excellent progress: at its low, TON coin can drop to $14.89 (+576%), while its maximum price will go as high as $16.36 (+643%).

PricePrediction believes that TON crypto has tremendous potential for long-term holders. According to them, the crypto’s lowest price is expected to drop to $27 (+1,127%), which would still be its all-time high, while at its peak it can go as high as $31.93 (+1,351%).

Telegaon forecasts align with those of PricePrediction. In 2030, TON can go as high as $30.73 (+1,296%) per coin. It can also drop to the lowest price of $25.53 (+1,060%) that year.

Toncoin Price Prediction 2040

According to Telegaon price predictions, by 2040 Toncoin crypto’s price will grow even more. The coin can jump to $68.51 (+3,014%) at its maximum. It can also drop to a minimum of $55.12 (+2,405%) per coin.

TON Coin Price Prediction: Experts’ Opinions

There could be competition for Toncoin from other cryptocurrencies with unique qualities. Cryptocurrency technology is developing, and new currencies with improved features may appear. Despite the competition, Toncoin still has certain benefits. It has an established infrastructure, a sToncoing network, and was among the first on the market. This might support Toncoin’s continued dominance in the cryptocurrency space.

Experts at CoinMarketCap believe that Toncoin will be able to achieve a higher adoption: they set its average price for 2030 at a level of $33.42.

TON USDT Price Technical Analysis      

Tradingview, 23 January 2024

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

Factors Affecting TON Crypto Price

The price of Toncoin might move in both directions depending on a variety of factors in the cryptocurrency market. The supply and demand in the market is the primary driver of Toncoin’s asset value. Growing adoption will determine whether or not there is a need for more TON. In addition, noteworthy occurrences like hard forks or protocol changes might have a big impact on Toncoin’s price.

Whale activity is a key consideration as well. Big Toncoin holders have a big influence on price since a single huge sell order can drastically lower price. Furthermore, never undervalue the influence that political restrictions and widespread institutional acceptance have on the value of Ton crypto.

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

• Demand.
• Adoption.
• Market sentiment.
• Technical solutions.
• Whale activity.
• Use cases.
• Regulations in the crypto field.

Risks and Opportunities

In January 2022, there were around 200 thousand active wallets holding Toncoin. As of the end of May, that number is approaching 600 thousand. As of October 2023, the number of TON accounts reached 3.5M, while the number of daily transactions slightly fluctuated. According to the TON Ecosystem Report Q3 2023, the number of Toncoin Accounts has surged by over 250% in the past year. All this shows that Toncoin seems to be a popular choice for crypto enthusiasts. 

Many experts suggested that the Toncoin may experience positive growth in the future.

However, prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. TON was originally a Russian-based project, so this can also be a potential risk factor for any future investor.

What Is the Prognosis for Toncoin?

It’s difficult to say. Some of Toncoin’s prominent strengths are its speedy transactions and low fees. This can potentially propel the cryptocurrency to higher price levels.

What Is the Price Prediction for TON Coin in 2040?

According to Telegaon, in 2040, TON crypto can reach a maximum of $68.51.

Is Toncoin Reliable?

The Proof-of-Stake consensus method of the TON Blockchain is the foundation for its scalability and stability. Through TON’s support of third-party apps, users can send, receive, and store money securely.

Conclusion

Toncoin’s rise in price following its launch stands out as an oddity in a market where the majority of larger-cap altcoins were facing losses. The distinct and erratic character of cryptocurrency marketplaces, where a variety of factors can influence the success of different coins, is highlighted by the difference in trends between Bitcoin and Toncoin. 

The rise in TON coin during a general market decline indicates that investor interest can fluctuate quickly between several cryptocurrencies, frequently due to distinct variables particular to each coin. This disparity also shows that other cryptocurrencies are becoming more well-known and have the potential to expand significantly on their own, even though Bitcoin is still a major force to be reckoned with. With a clear roadmap, innovations, and a wider acceptance Toncoin may become even a bigger player on the cryptocurrency market.

Where and How to Buy Toncoin Crypto: Quick-Step Guide

StealthEX is here to help you buy TON crypto 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 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, ETH to TON.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. 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.