Toncoin price prediction for 2024 and beyond

Is Toncoin a good investment in 2024? Let’s dive into our market analysis and Toncoin price prediction for 2024, 2025, and 2030.

What is Toncoin?

Toncoin was originally created by the Telegram messaging service as the native crypto token to Telegram’s 2018 Open Network project, with TON standing for The Open Network.

Telegram shut TON down before it ever got off the ground due to pressure from US regulators. The project raised a massive $1.3 billion in a hugely successful ICO but fell afoul of US securities law, forcing Telegram to abandon TON and the Open Network.

However, the project is still alive after being resurrected by a group of developers not affiliated with Telegram. In 2022, Telegram integrated TON into its messaging service regardless, giving Toncoin the utility it needed to appeal to investors. Users can also stake Toncoin for rewards.

Why is Toncoin going up?

The total value locked of TON on the network rose from $18.8 million to $258.6 million in February 2024 as interest in the staking opportunities and utility of the project grew. Price has increased 258% since the start of February and TON is currently trading at $7.46 with a market cap of $17 billion.

Telegram announced in April 2024 that Telegram channel owners can now purchase advertisements at a discounted rate using TON, leading to a further increase in price.

It is now ranked among the top 10 cryptos on the market at #9.

Toncoin price prediction 2024

Positive media coverage and expanded utility have caused Toncoin to significantly increase in value. When assessing a booming crypto asset, it’s easy to get lured in by the upward momentum. Of course, it’s important to consider tokenomics, utility, future, and the possibility that a coin will be priced when making a price analysis.

It’s possible that TON, which has been riding a wave of upward price action all year, is now due a correction and that the recent news of advertising opportunities on Telegram is already priced in. The Relative Strength Index for TON is now at 66, verging towards an overbought reading.

A bullish crossover above zero on the MACD muddies the waters somewhat when it comes to making a Toncoin prediction. However, it’s safe to say that there is a degree of uncertainty around TON at the moment, with neither buy nor sell signals clearly apparent on the short-term daily charts.

Toncoin price prediction 2025

The nature of TON’s integration into Telegram’s advertising system will be the major factor in whether TON has a good year next year, as well as any other partnerships.

For many, the expectation is that TON has a bright future as long as the coin can steer clear of further regulatory problems. While the project has a future, the coin already has a high valuation and there’s no telling whether the price will be able to sustain or surpass current levels in the long-term.

A TON crypto price prediction needs to factor in current news regarding the success of any partnerships and integrations at play between TON and other projects.

Toncoin price prediction 2030

The future outlook for TON depends, to a large degree, on the popularity of the Telegram messaging service itself. Telegram has seen increased competition in recent years as the popularity of alternative social media platforms continues to explode. People have increasingly been turning to platforms like TikTok, Signal, and other apps that allow for messaging and entertainment.

However, Telegram was an early-to-market solution that specifically focused on privacy. In an era of surveillance and data breaches, a common projection is that this feature will continue to appeal to many users.

Telegram is the fourth-most popular messaging app in the world with approximately 1.5 billion users, a green flag in the eyes of many prospective TON investors.

Frequently asked questions