Toncoin, which is often referred to as TON, is the cryptocurrency that powers the decentralized layer-1 blockchain The Open Network. Interestingly enough, TON was developed by the team behind the popular instant messaging app Telegram.
Initially known as the Telegram Open Network, the blockchain changed to its current moniker after Telegram decided to leave the project due to regulatory complications. The social media platform promised to support the blockchain as an external partner.
Toncoin boasts a wide range of applications within the TON ecosystem. It is a medium for transactions, is used to execute smart contracts on the blockchain, acts as a payment tool, is used to pay the service fee for cross-chain transactions, and also as a governance token of the blockchain.
In this article, we will be taking a look at the price projections for Toncoin (TON) from 2024 until 2030. In no way should any of the details discussed in this article be taken as financial or investment advice. The findings referred to in this content are purely for reference, and I suggest you do your own research to find more information regarding Toncoin.
So without further ado, let us get right into it.
Toncoin (TON) Overview
At the time of writing, TON was trading at $2.5 – up 3.9% in the last 24 hours. Moreover, Toncoin has experienced a surge of 11.81% in the past week.
Out of a maximum supply of 5 billion TON, 3.43 billion tokens are currently in circulation. The cryptocurrency has a 24-hour trading volume of $51.8 million. The total market capitalization of Toncoin is $7.71 billion.
Toncoin hit an all-time high of $4.91 on December 25, 2021, while its lowest valuation was recorded on September 21, 2021, when it was trading at an all-time low of $0.52. The lowest price since its all-time high (cycle low) was $0.75, and the highest TON price since the cycle low was $3.06.
Technical indicators show that the market sentiment for Toncoin is currently Bullish, while its Fear & Greed Index is showing a score of 72 (Greed). TON traded 18/30 days (60%) in green with a price volatility of 8.24% over the course of a month. Overall, it is considered to be a good time to invest in Toncoin.
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Toncoin (TON) Price Prediction 2024
Based on the token’s historical price movement and Bitcoin’s previous halving cycles, the yearly low of TON for 2024 is estimated to be around $2.24. Meanwhile, Toncoin is forecast to reach as high as $3.82 next year. Meanwhile, the average trading price for TON is expected to be around $2.50.
Toncoin (TON) Price Prediction 2025
Technical analysis by crypto experts states that the price of TON is expected to reach a maximum value of $4.71 in 2025. Meanwhile, the cryptocurrency is predicted to dip to a yearly low of $3.92, while having an average trading price of $4.06.
Toncoin (TON) Price Prediction 2026
Market analytics have forecast Toncoin to trade at a minimum and maximum value of $6.92 and $5.87, respectively, in 2026. TON is also expected to have an average trading price of $6.08 during the year.
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Toncoin (TON) Price Prediction 2027
Based on a cost analysis of Toncoin, experts predict the cryptocurrency to trade at a maximum valuation of $10.18 in 2027. The token could also stoop to a low of $8.33 during that year. The average trading price of TON for 2027 is expected to be $8.58.
Toncoin (TON) Price Prediction 2028
After analyzing the price fluctuations of TON, experts have estimated the cryptocurrency to hit an average trading price of around $12.83 in 2028. It might drop to a minimum of $12.40 during that year, but still hit a maximum valuation of $14.44.
Toncoin (TON) Price Prediction 2029
Experts have forecast Toncoin to trade between an estimated high and low price range of $17.95 and $21.56, respectively, in 2029. The average cost of TON is expected to be around $18.46 during the year.
Toncoin (TON) Price Prediction 2030
Cryptocurrency analysts expect Toncoin to trade between $25.65 on the lower end and $32.19 on the higher end by the time 2030 rolls around. The average trading price for TON is estimated to be around $26.56 for the year.
