Toncoin Price Prediction 2023-2030: Will Toncoin Reach $100?
Latest Toncoin Price
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||0.0%||Lower|
Latest Toncoin News
Ton DeFi is ranked 63rd amongst all chains and currently has a Total Value Locked (TVL) of $10.2 million [Down by 4.7% in a day]. Among the top DeFi projects on Ton, Megaton Finance leads with a TVL of $4.01 million, though it has seen a 1-month decrease of 35.2%.
Nearly $21 M worth of NFTs [+15%] were traded on Ton with Telegram User Names and Anonymous Telegram numbers being the top two collections. According to NFT Scan, Ton is ranked 8th among all Chains [Up 1 rank]
TON Blockchain can handle over 1 million transactions per second. With Telegram’s user base of 800 million, the integration of the TON-based wallet in the platform positions it as a gateway to Web3. The target is to onboard 30% of Telegram’s users to TON by 2028, potentially adding 500 million Web3 users.
TON’s ecosystem has grown, with increased developer engagement compared to the previous year. Fragment, a decentralized marketplace on TON, allowed users to auction usernames, generating over $100 million since its launch. TON-based projects are given priority in advertising, enabling them to reach Telegram’s audience, including over 37,000 crypto communities.
The TON Foundation has partnered with Telegram, opening up the TON #Web3 ecosystem to Telegram’s 800 million users. This collaboration aims to onboard 30% of Telegram users (about 500 million) to the TON platform by 2028, which would drastically surpass the current 15 million active Web3 users across all major chains. The integrated TON Space self-custodial wallet in Telegram will simplify crypto transactions, aiming to enhance the user experience by making crypto feel more like social media, while also facilitating seamless onboarding, dApp authorization, and transaction signing within the Telegram app.
The TON Space feature is also live on the Telegram wallet. After a month of developer beta testing, TON Space is available for everyone on Telegram. It provides complete support for features like TON Connect, Jettons, and Collectibles from the TON blockchain, all within the Telegram platform
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Toncoin Price Prediction: Is Toncoin a Good Investment?
Toncoin (TON) and TON Token are both part of The Open Network, a decentralized layer-1 blockchain that was originally developed by Telegram. The goal of the project is to build a complete ecosystem with decentralized storage, services, and an instant payment platform with fast transaction processing and minimal fees.
TONcoin uses a proof-of-stake (PoS) consensus model for scalability and reliability. The platform provides its customers with payment services. The TON ecosystem can support decentralized services, including a domain name system (DNS) equivalent and an anonymous network, ensuring privacy and security. TON stands out with its transaction processing/validation of transactions per second (TPS), achieving a world record of 55,000 TPS in September 2021.
TON’s transaction processing/validation rate makes it suitable for applications requiring fast transaction times, such as payments or gaming platforms. TON’s fees are minimal, benefiting frequent transactions by individuals or businesses. The platform employs encryption techniques for transaction security, ensuring a secure payment method.
The following are the use cases of the TON Coin:
- TON can be used to pay transaction fees and to settle payments or validate transactions.
- Users can stake their TON tokens to earn passive income.
Toncoin Price Performance So Far
- Year to Date (2023): +13.2%
- Last 12 Months: +49.8%
- Since Launch (2021): +484.2%
Considering the key features and use cases of Toncoin, it appears to be a moderate case for investment.
Toncoin Price Prediction: Will Toncoin Reach $100?
To reach $100, the TON coin must grow by nearly 75 times. Also, Toncoin reached its all-time high price of $4.5 in November 2021, growing by nearly 5.6 times in merely one month (i.e., from the lowest price of $0.8 in October 2021). Thus, we can say that the Toncoin will require roughly 14 months to reach a price level of $100. However, it is not practical considering the past performance of Toncoin and the current market conditions.
At $100, Toncoin’s market cap would be $343 Billion. This is higher than Ethereum’s Market Cap today. In 2023, Toncoin is down 18% while the rest of the cryptocurrency market has been rising (Ethereum rose 35% this year).
There is no chance that Toncoin would grow to $100. This could change under the following scenarios
- 90% Burn
- Substantial Technology Upgrades
Toncoin Price Prediction Today
|1. Market's Wisdom||Partially Bearish|
|1a. Market Data||Partially Bearish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Bearish|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Lower|
Toncoin Price Prediction 2023, 2025 and 2030, Aggregated
- Toncoin Price Prediction 2023: In 2023, the price of Toncoin is predicted to range between a minimum of $2.13, an average of $3.28, and a high of $3.52.
- Toncoin Price Prediction 2024: In 2024, the price of Toncoin is projected to range between a minimum of $3.87, an average of $4.33, and a high of $4.68.
- Toncoin Price Prediction 2025: In 2025, the price of Toncoin is expected to fluctuate between a minimum of $5.38, an average of $5.97, and a maximum of $6.68.
- Toncoin Price Prediction 2026: For 2026, Toncoin’s price could lie between a minimum of $7.43, an average of $8.19, and a peak of $9.01.
- Toncoin Price Prediction 2027: In 2027, we anticipate the price to range from a minimum of $9.18, an average of $10.00, to a high of $10.85.
- Toncoin Price Prediction 2028: By 2028, the predictions suggest a minimum of $12.65, an average of $13.23, and a high of $14.78.
- Toncoin Price Prediction 2029: In 2029, the price could vary between a minimum of $17.96, an average of $18.89, and a maximum of $21.23.
- Toncoin Price Prediction 2030: Lastly, for 2030, the price of Toncoin is projected to be as low as $25.28, average around $26.34, and might reach a high of $29.92.
Also Read: Convex Finance Price Prediction
Where Can I Buy TON Crypto?
Toncoin can be bought from various centralized and decentralized crypto exchanges such as KuCoin, Bitfinex, OKX, Huobi, Bybit, Poloniex, LBank, Uniswap and PancakeSwap.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.