Toncoin is a layer 1 blockchain network that was initially developed by Telegram. It was built on the proof-of-stake consensus.
It is known for its excellent scalability and interoperability. TON or The Open Network is built to facilitate millions of transactions per second, without compromising on security.
This network aims to uphold the inevitability of decentralization. Moreover, it is low-cost with an easy-to-use interface.
TON is called the blockchain of blockchains. It provides a wide range of services such as TON Blockchain, TON DNS, TON Storage, and TON Sites.
Keep reading this article to learn more about Toncoin.
What is a TON Token?
TON is the native currency of Toncoin. This currency grants its holders governance rights over the platform.
The different uses of TON are given below:
- It is used for transactions in the network.
- Users can use TON to suggest changes in the security of the network.
- This native token can be used to swap currencies on decentralized exchanges.
- You can conduct cross-chain transactions by transferring tokens from Ethereum to TON.
- You can accept payments in Toncoin all over the world.
- You can mint your own cryptocurrency on this platform.
The current market status of Toncoin is given below.
Current Market Price: $6.88
Market Capitalization: $23,902,234,621
Fully Diluted Valuation: $35,134,498,961
24 Hour Trading Volume: $441,635,466
Circulating Supply: 3,474,001,018
Total Supply: 5,106,521,926
Toncoin Price Prediction (2024–2030)
The current market price of Toncoin is $6.88.
The short-term price prediction for May-December 2024 is given below.
| Year | Yearly Low | Yearly Average | Yearly High |
| May 2024 | $6.05 | $6.51 | $6.97 |
| June 2024 | $6.11 | $6.57 | $7.03 |
| July 2024 | $10.07 | $10.83 | $11.59 |
| August 2024 | $10.66 | $11.47 | $12.27 |
| September 2024 | $11.26 | $12.11 | $12.95 |
| October 2024 | $11.85 | $12.75 | $13.64 |
| November 2024 | $12.45 | $13.39 | $14.32 |
| December 2024 | $13.04 | $14.03 | $15.01 |
The long-term price prediction of Toncoin for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030 is given in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $11.73 | $14.66 | $17.60 |
| 2025 | $24.61 | $30.77 | $36.92 |
| 2026 | $51.64 | $64.55 | $77.46 |
| 2027 | $108.34 | $135.42 | $162.51 |
| 2028 | $227.29 | $284.11 | $340.94 |
| 2029 | $476.85 | $596.07 | $715.28 |
| 2030 | $1000.43 | $1250.54 | $1500.65 |
The price of Toncoin has increased by 280% in the last 1 year. It has outperformed 81% of the top cryptocurrencies in the past 1 year and has outperformed both Bitcoin and Ethereum.
The current sentiment of TON is bullish with 26 technical analysis indicators showing bullish trends and 4 technical analysis indicators showing bearish trends. TON coin is safe to buy with it showing 87% bullish trends.
The 50-day SMA and the 200-day SMA of the TON coin are $ 5.73 and $ 3.26, respectively.
Where and How to Buy Toncoin?
You can buy Toncoin from centralized crypto exchanges such as Gate.io, OKX, and BingX.
In order to buy Toncoin follow these steps.
- Choose a centralized exchange where Toncoin is listed.
- Select a payment method such as a crypto wallet or credit or debit card. Connect the selected payment method and CEX. You can now buy Toncoin using the base currency on the purchase page of Toncoin.
- Choose a cold wallet to store your currency. A cold wallet or a hardware wallet is not connected to the internet. Therefore, it is safe from threats by any online hackers.
The Bottom Line
The current sentiment of TON is bullish with 26 technical analysis indicators showing bullish trends and 4 technical analysis indicators showing bearish trends.
TON coin is safe to buy with it showing 87% bullish trends. The 50-day SMA and the 200-day SMA of TON coin are $ 5.73 and $ 3.26, respectively, which also shows promising trends.
Therefore, the final verdict is that Toncoin is a good buy in the coming years.
However, as cryptocurrency is inherently volatile, buyers should exercise caution by analyzing the current market performance, price history, and on-chain developmental activities before investing.
