Toncoin (TON) Price Prediction 2022-2030: Will TON Price Hit $3 Soon?
After facing the crypto winter, the communities’ demand for decentralization emerged once again. Currently, many decentralized projects out there are getting recognition and TON Blockchain is one such platform.
The Open Network (TON), as described on its website, is a decentralized and “open internet platform” made up of several components. Some of those “several components” includes TON Blockchain, TON DNS, TON Storage, and TON Site. Moreover, TonCoin is the platform’s native currency. While Toncoin consists of rich Features, this altcoin’s price could be varied as time passes.
This Coin Edition article will highlight Toncoin’s price analysis and forecast for the years 2023, 2024, 2025, 2026, 2027, and 2050. Before we take a look at TON’s price forecast, let’s first understand Toncoin and its project.
Table of contents
- Toncoin (TON) Market Overview
- What is Toncoin (TON)?
- Latest News on Toncoin (TON)
- Toncoin (TON) Current Market Status
- Toncoin (TON) Price Analysis 2023
- Toncoin (TON) Price Analysis – Bollinger Bands
- Toncoin (TON) Price Analysis – Relative Strength Index
- Toncoin (TON) Price Analysis – Moving Averages
- Toncoin (TON) Price Analysis – Moving Average Convergence Divergence (MACD)
- Toncoin (TON) Price Prediction 2023 – 2030 Overview
- Toncoin (TON) Price Prediction 2023
- Toncoin (TON) Price Prediction 2024
- Toncoin (TON) Price Prediction 2025
- Toncoin (TON) Price Prediction 2026
- Toncoin (TON) Price Prediction 2027
- Toncoin (TON) Price Prediction 2028
- Toncoin (TON) Price Prediction 2029
- Toncoin (TON) Price Prediction 2030
- Toncoin (TON) Price Prediction 2040
- Toncoin (TON) Price Prediction 2050
- Conclusion
- FAQ
Toncoin (TON) Market Overview
🪙 Name | Toncoin |
Symbol | ton |
Rank | #24 |
Price | $1.9 |
Price Change (1h) | 0.65201 % |
Price Change (24h) | -2.83118 % |
Price Change (7d) | 0.28446 % |
Market Cap | $2805671366 |
All Time High | $5.29 |
All Time Low | $0.519364 |
Circulating Supply | 1473591410.74 ton |
Total Supply | 5057362774 ton |
What is Toncoin (TON)?
As mentioned earlier, The Open Network (TON) describes itself as a decentralized and open Internet platform made up of several components. While the Open Network has many components, the TON Blockchain is the core protocol that connects TON’s underlying infrastructure.
One of the main aims of TON is to achieve “widespread interoperability,” while maintaining a highly scalable secure framework. Moreover, TON is equipped to handle millions of transactions per second (TPS) while reaching out to millions of users. The TON Blockchain also acts as a “superserver,” by providing a diverse feature-rich set of products and services.
Toncoin is the native crypto of TON Blockchain and plays an important role in strengthening its ecosystem. Toncoin has multiple Features but one of the key aims behind the altcoins design is to give users financial freedom with decentralization. Toncoin can be used to make payments for services provided by apps, pay fees for transactions on the network, and pay for cross-chain transaction fees.
Moreover, the Toncoin also enhances network security through staking and is important for TON’s on-chain governance program. Toncoin can also pay for blockchain-based domain names (DNS). In the future, the team hopes that Toncoin could be used to pay for TON Proxy, and pay for decentralized data storage services.
Ultimately, TON continues to offer various apps and services to its users. Moreover, TON continues to upgrade and build to develop its ecosystem with the aim of providing decentralized features for the crypto community.
Latest News on Toncoin (TON)
Recently, TON announced a $250 million commitment with the aim of boosting key projects, and focus on DeFi. Through the announcement, TON mentioned the TON Accelerator Program will allocate up to $25 million this year to projects which would create an impact on TON’s ecosystem.
In related news, the Trust Wallet took to Twitter to announce the successful integration of TON Blockchain into the crypto wallet! The crypto wallet company highlighted that users can easily interact with the TON network as well as store, send, and receive TON tokens.
Toncoin (TON) Current Market Status
After its recent launch, TON already ranked in the 26 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of Toncoin is at 1,221,401,181 TON, while its total supply is 5,047,558,528.
Moreover, TON is priced at $1.96, experiencing a 0.86% rise in seven days. With a market cap of$2,398,399,290, TON is also experiencing a 1.54% fall in 24 hours. It was observed that TON’s demand is gradually reducing, however, continues to be in the traders’ spotlight as the trading volume, valued at $10,187,953, experienced a fall of 40.57% in one day.
Some of the crypto exchanges for trading TON are currently OKX, KuCoin, Huobi, Bybit, and Bitfinex. However, traders should note that over time TON could be available across many other top crypto exchanges.
Now, let’s dive further and discuss the price Analysis of TON for 2023.
Toncoin (TON) Price Analysis 2023
Will TON’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? Moreover, would the changes in the blockchain industry affect TON’s sentiment over time? Read more to find out about TON’s 2023 price analysis.
Toncoin (TON) Price Analysis – Bollinger Bands
The Bollinger Bands is a technical Analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.
Looking at the charts, the candlesticks have crossed beyond the upper band, which is the overbought region. After some time, the candlesticks faced a price correction when it reached the overbought region. Moreover, a Bollinger band squeeze would be observed before the candlesticks observed a breakout.
Whenever the bands expanded and the market experienced high volatility, there would be a trend reversal observed in the market. Currently, the Bollinger Band Width is pointed downward, indicating that the market would witness low volatility over time. Meanwhile, the candlesticks have reached the top half of the Bollinger Bands, which is considered an uptrend for most traders.
Toncoin (TON) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.
The RSI is valued at 42.52, which is considered a weak trend by most traders as it is valued between 50 and 30. Moreover, the RSI is above the SMA, which is another confirmation of a bullish trend. Meanwhile, the RSI has formed a bullish divergence as the RSI formed a higher high, indicating that the indicator could continue to move in the Strong trend region.
A similar event was observed earlier as the RSI formed a high low, thus, paving the path for an uptrend. Back then, when the bullish divergence was formed the RSI escaped from the bears’ attack as it climbed above the SMA. Currently, RSI’s downward stance is slightly shifting, which could be an early positive sign that TON could enter the strong trend region.
Toncoin (TON) Price Analysis – Moving Averages
Earlier TON was trading in an uptrend as the candlesticks were trading above the MA indicators. However, after a few days, the candlesticks fell into the consolidation region as it traded between the 50 MA and the 200 MA. While few traders expected the candlesticks to jump into an uptrend, TON fell below the 50 MA and the 200MA, which is considered a bearish signal. Even though a death cross has been formed as the 50MA crossed below the 200MA, there is a high possibility that it could be a fake signal. If the prices continue to rise, then, there is a high chance that TON could escape from the death cross and a golden cross could be formed soon.
Toncoin (TON) Price Analysis – Moving Average Convergence Divergence (MACD)
Looking at the charts, the MACD line is currently above the signal line, indicating that TON is experiencing a bullish signal. Moreover, a bullish crossover has taken place, indicating that that price may rise in a short-term period soon. The bullish crossover takes place after the bearish crossover had taken place. The green bars are continuously forming, which confirms that TON’s recent uptrend is not reducing any time soon. However, if a trend reversal happens, then, the candlesticks could fall below even further.
Toncoin (TON) Price Prediction 2023 – 2030 Overview
Year | Minimum Price | Average Price | Maximum Price |
2023 | $0.92 | $2.16 | $2.83 |
2024 | $3.80 | $3.91 | $4.38 |
2025 | $4.49 | $4.78 | $5.31 |
2026 | $5.11 | $5.35 | $5.91 |
2027 | $5.68 | $6.37 | $6.82 |
2028 | $5.95 | $7.52 | $8.11 |
2029 | $7.67 | $8.43 | $9.15 |
2030 | $7.99 | $8.57 | $8.94 |
2040 | $17.49 | $17.71 | $18.27 |
2050 | $27.01 | $27.61 | $28.89 |
Toncoin (TON) Price Prediction 2023
Looking at the charts, the candlesticks are below the 50-day Moving Average, indicating that TON is facing a short-term bearish trend. However, there is a high possibility that the altcoin could experience an upsurge soon. The MACD line is above the signal line, which confirms the altcoin uptrend. Moreover, the ADX is valued at 30.12, indicating that the trend has a strong strength. With the indicators confirmed, the candlesticks could move upward above the 50MA. If the uptrend continues to happen, then, the candlesticks could move into the Resistance level.
Meanwhile, the price prediction of TON for 2023 remains to be bullish and is expected to reach beyond the level of $2.832. The bearish price prediction range for TON is between $0.926 to $1.110. However, if TON experiences extreme bullish sentiment, then it would reach the $3 level.
Bullish Price Prediction | Bearish Price Prediction |
$2.5482 – $2.832 | $0.926 to $1.110 |
Toncoin (TON) Price Prediction 2024
Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. TON could also be affected by Bitcoin halving and could trade beyond the price of $4.38 by the end of 2024.
Toncoin (TON) Price Prediction 2025
TON could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, TON will continue to rise in 2025 forming new resistance levels. It is expected that TON would trade beyond the $5.31 level.
Toncoin (TON) Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, TON could tumble into its support region of $4.75. Moreover, when TON remains in the oversold region, there could be a price correction soon. TON, by the end of 2026, could be trading beyond the $5.91 resistance level after experiencing the price correction.
Toncoin (TON) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. TON is expected to rise after its slumber in the bear season. Moreover, TON could even break more resistance levels as it continues to recover from the bearish run. Therefore, TON is expected to trade at $6.82 by the end of 2027.
Toncoin (TON) Price Prediction 2028
Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, TON will continue to form new higher highs and is expected to move in an upward trajectory. Hence, TON would be trading at $8.11 after experiencing a massive surge by the end of 2028.
Toncoin (TON) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, TON could be trading at $9.15 by the end of 2029.
Toncoin (TON) Price Prediction 2030
After witnessing a bullish run in the market, TON and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, TON could be trading at $8.94.
Toncoin (TON) Price Prediction 2040
The long-term forecast for TON indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, TON may face a slight fall before starting its upward journey once again. It is expected that the price of TON could reach $18.27 by 2040.
Minimum Price | Average Price | Maximum Price |
$17.49 | $17.71 | $18.27 |
Toncoin (TON) Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, TON could surpass the resistance level of $28.89.
Minimum Price | Average Price | Maximum Price |
$27.01 | $27.61 | $28.89 |
Conclusion
To summarize, if investors continue to show interest in TON and add these tokens to their portfolio, then, it could continue to rise up. TON’s bullish price prediction shows that it could pass beyond the $2.832 level. Moreover, TON could surpass the $28.89 level by the end of 2050.
FAQ
Toncoin is the native crypto of TON Blockchain and plays an important role in strengthening its ecosystem. Toncoin has multiple features but one of the key aims behind the altcoins design is to give users financial freedom with decentralization. Toncoin can be used to make payments for services provided by apps, pay fees for transactions on the network, and pay for cross-chain transaction fees.
TON can be traded on many exchanges like other digital assets in the crypto world. FTX, Huobi Global, Kucoin, Gate.io, and Uniswap are currently the most popular cryptocurrency exchanges for trading TON.
TON is a good investment for 2022 because it gives investors several ways to make money off of their crypto holdings. Notably, TON has a high possibility of surpassing its current ATH in 2030.
Few crypto assets are still appreciating, but TON is among the ones rising in value. As long as this bullish trend continues, TON might break through $2 and reach as high as $3. Of course, if the current market favoring crypto continues, it will likely happen
Toncoin is well-known for its pragmatism and emphasis on efficiency. The goal is to make it as simple as possible for the end user to utilize the token. The TON development community has also worked hard to incorporate many complex Features that distinguish the token from other cryptocurrencies. We may also conclude that TON is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest price of TON is $0.3906, attained on September 20, 2021.
TON was launched in April 2021.
Nikolai Durov and Pavel Durov co-founded TON.
The maximum supply of TON is 5,000,000,000 TON.
TON can be stored in a cold wallet, a hot wallet, or an exchange wallet.
TON price is expected to reach $2.832 by 2023.
TON price is expected to reach $4.381 by 2024.
TON price is expected to reach $5.31 by 2025.
TON price is expected to reach $5.91 by 2026.
TON price is expected to reach $6.82 by 2027.
TON price is expected to reach $8.11 by 2028.
TON price is expected to reach $9.15 by 2029.
TON price is expected to reach $8.94 by 2030.
TON price is expected to reach $18.27 by 2040.
TON price is expected to reach $28.89 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
Comments
Post a Comment