On their website, Ton calls itself the open internet for everyone. It is a layer-1 blockchain developed by the encrypted messaging platform Telegram. It was later acquired by the TON (The Open Network) Foundation.
To get started with the platform, all you have to do is have a telegram account. The platform is powered by its utility token TON.
This article serves as your go-to guide to understanding the Toncoin blockchain network. I will highlight its key characteristics and the significance of its native utility token – TON.
Additionally, I will take a look into the historical performance and future projections of TON. Lastly, I will add the details on where and how you can purchase TON, should you require such information.
Let’s get started right away.
Toncoin (TON) Key Features
| Scalability | The TON chain is designed to have extremely high block speeds. The platform distributes the network’s workload across multiple subchains. |
| Interoperability | TON is a Turing-complete that can accommodate a significantly high transaction complexity. |
| Wallet Integration | A TON-based wallet known as TON Space can be accessed inside Telegram messenger. |
Toncoin (TON) Tokenomics
The total supply of TON is 5,104,416,591 tokens and 3,469,087,118 tokens are in circulation. There is no fixed maximum supply limit for the token yet.
Toncoin (TON) Past Performance
At the time of writing, TON is trading at $3.71, 1.44% up from yesterday.
The market capitalization is at 12.7 billion now. The 24-hour trading volume is at $178 billion. It is currently the 12th largest cryptocurrency out there.
Toncoin (TON) Price Forecast
Technical indicators suggest that the current market sentiment is bullish and the Fear & Greed Index is at 79 signaling extreme greed. Toncoin has recorded 17(57%) green days over the last 30 days with a price volatility of 24.53%. Our analysts think that now is a good time to buy Toncoin.
2024: The technical analysis of Toncoin prices over the last year suggests that the Toncoin price will go up by 30.50% and reach $4.83 by the end of the month.
2025: Moving to 2025, the price of Toncoin is expected to lie between $3.70 on the lower end and $17.63 on the upper end. If we compare this with today’s price, the upper price target will equate to a 356.67% gain.
2030: Skipping ahead to 2030, TON is expected to be priced between $9.49 and $15.38. Compared to today’s price, this will translate into a 297.85% return to the investor.
Where to Buy Toncoin (TON)?
If you are planning to buy TON, you have plenty of major crypto exchanges to choose from. Some of them include:
How to Buy Toncoin (TON)?
Follow the below steps to buy Toncoin from OKX.
- Go to the OKX website and create a new account by giving your basic details. Complete the KYC to start trading.
- Topup the wallet with funds. You can deposit US dollars, Bitcoin, or Ether.
- With the funds in our wallet, buy Tether(USDT).
- Go to the trading section and search for TON/USDT.
- Choose ‘limit order’ and enter the number of Toncoins you want to buy.
- Click ‘buy’ and click ‘confirm’.
- Your TON tokens will now reflect in your OKX wallet.
- For additional security, move them to a non-custodial wallet.
Conclusion
As a layer-1 blockchain network that can be accessed from the telegram messenger, Tonchain is an easily accessible but scalable blockchain solution. Its native token, TON, has gained significant traction starting in March this year. Our analysts think that the token still has value left to be unlocked.
With that being said, we still think that crypto investment is not for everyone and one should do independent research before thinking about throwing money into it. Moreover, crypto assets are highly volatile and are subject to market risks. We encourage you to exercise prudence and stay away from speculative assets, crypto or otherwise.
