2023 could make all the difference in TON’s price!
- TON could touch its all-time high of $4 in 2023.
- 2023 could result in a massive boost in the token’s current price.
- The token might subside around $3.4 for its yearly low.
The concept of ‘decentralization’ rules the crypto industry. Over the years, we’ve come across many projects that aspire to be the best platform for streamlined operations.
Talking of such projects, we can’t overlook The Open Network (TON). The token has been a great performer in its short but brief run. What started at $0.78 multiplied numerous times at $2.50 in 2023.
The price movements of TON have always been a project of interest for many traders and investors. Many analysts suggest that the token has the potential to reach $10 in the coming years. But could the token reach such a high? Let’s find out as we explore the different aspects of the TON token in our price prediction blog.
About Toncoin: An Overview
Telegram Open Network: The Concept
The world of cryptocurrency revolves around Blockchain. Without this decentralized network, there’s hardly any possibility of proceeding with any secure transaction. Considering its importance, it’s evident that almost every organization wants to develop its decentralized network for ease of transaction over its network.
Telegram came with a similar approach to developing its Blockchain network in 2018. As per sources, Telegram’s network would be called Telegram Open Network. Telegram’s initial scheme would involve its native token, Gram. Sadly, it ended when the SEC (US Securities Exchange and Commission) banned their plans in March 2020. As per SEC, the digital token sales would constitute offering securities with no exemption for registration.
Following this announcement, Telegram eventually gave up on the project. However, two developers, EmelyanenkoK and Anatoliy Makosov, took over the project. They remodeled TON as an open-source community ‘Newton.’ A year of its launch, it was voted to be renamed ‘The Open Network‘ (TON) Foundation.
As per the project’s whitepaper: TON is a scalable, fast, and secure Blockchain network project. This service provider and user-friendly platform are meant to simplify transactions without adding extra costs to the process. Additionally, TON’s USP lies around its ability to execute millions of transactions per second (if needed).
So now that we have an idea of the project, let’s first look at its past performance over the years.
TON Performance Over The Years: Quick Recap For 2021-22
While the project was officially renamed TON in early 2020, it wasn’t until August 2021 that the token was first registered in a crypto exchange. At the time of its inception, TON was registered at $0.78, and like every other newly registered token, TON also had a short but successful bullish run where the token was able to touch a price of $0.91 during the first week of September 2021.
However, the token could not make a breakthrough at the given range and failed to cross the mark, eventually subsiding at $0.54 before being sent for a correction stage. After the token had moved to its correction stage, it was mainly under a rangebound movement for the latter part of the month.
Eventually, investors’ growing interest in the project allowed TON to make a breakthrough in the early weeks of November. Over two months, TON developed a niche market for itself that later saw the network’s adoption across several industries. This allowed the token to make a breakthrough in its price and cross the $1 mark.
During the first week of November 2021, TON entered a bullish phase, pushing its price through the upper ceilings for the next few days. Interestingly, this phase also allowed the token to reach its all-time high at $4.5 around November 13, 2021. But, sadly, the token could not hold up to its spot, and while we were anticipating another breakthrough, the token entered a bearish phase.
TON landed around the $1.8 range during the early weeks of December. However, it was the lower support for the token as it bounced back around its initial all-time high range at $4.42 by 27 December 2021. The token eventually registered an early bearish trend before the end of the year.
Enter 2022, and TON, like other tokens, was affected by the cold crypto winter. Being one of the early receivers of the upcoming trend, TON charts were already reflecting a dip, falling to $2.65 by 11th January 2022. Following this, the token entered a corrective phase and moved up a bit before finally giving in to form a complete downtrend in January’s monthly chart.
Fast forward to March, TON entered a rangebound motion with strong support around the $1 range. RON revolved around the $2-1.5 range for the following months until June. However, the market crash further affected the token’s price, hitting below the $1 range on 19th June 2022.
Following the token’s fall below the support region was a strong breakthrough (as mentioned in the chart representation). For the following months, TON moved forward in an upward trend, increasing its support level and moving with a positive attitude. As evident on the chart, TON is all set to make a breakthrough for 2023.
However, claims on the price movement alone cannot help you decide whether or not to invest in a token. So to get a better understanding of the token’s future, we’ve explored some unique fundamentals of the token in the following section.
Unique Fundamentals Of The Toncoin (TON) Token
Every token is unique, and so are its features and functionality. Interestingly, no single token in the market is designed to serve limited functionality. Thanks to the demand for utility, today, almost every other token can be used in multiple ways, and TON is no exception.
Continue reading as we understand the fundamental aspects of investing in TON tokens.
Token With Increasing Prominence
Toncoin is an ever-adapting token; i.e., the project will continue to evolve along with the changes in the Blockchain ecosystem. This unique fundamental of the token will continue to impact the token’s presence on networks like Web 3.0 and all the new economies that will be formed.
Currently, the token already provides commission payments every time a user opts for processing on-chain transactions via smart contracts. This allows for the payment of services via different apps that are present over the network. In addition, TON also lends out capital to its nominators in exchange for a fraction of the rewards.
Access To Sharding
As per the definition, data sharding is a phenomenon that splits a single dataset into multiple partitions or shards. Each shard comprises unique rows of information that can be stored separately across numerous computers or nodes. Similarly, the TON network also leverages a sharding feature.
However, the difference is that the project shards information from a Blockchain within a Blockchain. This unique feature allows the network to leverage multiple transactions over the Sub-Blockchain. This way, the master Blockchain uses a shard chain within a sub-chain to execute seamless operations.
Seamless Integration With Multiple Wallets
Next, the multiple integration feature of TON allows it to link the network with multiple wallets. Once you sign up for the project, you can use non-custodial and custodial wallets to execute operations.
Additionally, the network also has built-in applications, allowing the users to seamlessly transfer funds while interacting with other services over the network. This integration feature of TON opens up multiple avenues within the network.
Proxy & Services Over The TON Network
The TON proxy is another added feature that adds to the fundamentals of the token. This unique feature over the platform provides a network layer, adding more anonymity to the validator nodes. This would allow the network to create a decentralized VPN service using this proxy. What’s more? Users can also create Blockchain-based browser privacy using these services.
TON offers a framework for third-party services to create decentralized network apps. Others can create user-friendly Web2-like apps and browsers with Web3’s privacy and security capabilities. Additionally, TON offers transparent, seamless, and rapid payment services between users, bots, and other third-party software.
Passive Income Options With Toncoin
The additional utility is one of the unique concepts that sets out tokens today. Similarly, TON also provides users with the possibility to earn passive income. Here are some unique ways investors can earn passive income with the TON token.
- Becoming a validator: Any user over the TON network may sign up to be a validator and receive passive income in Toncoin. To become a validator, participants must stake a considerable amount (600 000 TON) of Toncoin. Additionally, they will require access to a highly accessible network and high-performance hardware. Validators are allowed to stake their Toncoin for a set time after checking all conditions, and their stake is paid with interest upon validation.
- Becoming a nominator: A nominator is entirely different from a validator. Here, nominators lend their tokens or other assets to the validators. Once done, the accumulated rewards are distributed to validators who lent their assets once the validation process is complete. This way, the system guarantees that the tokens borrowed from the pool will only be used for validation purposes and that the rewards are fair.
Toncoin (TON) – BG’s Token Analysis
Being one of the new tokens in the market, TON has experienced great for most of its time. Launched at a price of $0.72, the token took merely a year to go above the $1 price range. Interestingly, the token didn’t only move above a dollar but multiplied its value by 4x, delivering significant returns to investors in a few months.
Over 1.5 years, TON has made considerable movements as a community-led project aiming to deliver a scalable Blockchain network. However, keeping the point of expansion in mind, it’s evident that TON has covered a massive size of transactions affordably.
Now, according to the chart in the following section of the website, it’s clear that TON has been influenced by a positive bullish movement that is serving its momentum. So while the token is at a rangebound flow, it still has strong support near the $1 range.
Interestingly, the support for TON is at an upward scale, presenting a positive movement with a growing support price. Looking at the other part of the diagram (the highs), TON is progressing at a positive rangebound movement.
Our analysis at Blockchain Gossip suggests that while the token follows a positive uptrend, there won’t be massive price corrections until it breaks through its current upper circuit. So in terms of its future, TON seems to be a safe, positive bet for investors who have entered the market in the recent crypto winter or have been HODLers of the token.
Toncoin (TON) Price Prediction – 2023-27
Even though we have substantial data on the TON token, it’s almost impossible to predict the future of any crypto project with complete accuracy. So to help you better, we’ve tried to draw an analysis of the future of the token and its performance until 2027.
That said, before we look into future predictions, it’s worth mentioning that Toncoin has been a part of continuous developments, uptrends, and downtrends. So, keeping that in mind, let’s check out the price prediction for the token in the coming years.
Toncoin Price Prediction 2023
Considering the analysis we did in the section above, it’s evident that the TON token will have started the year positively. Currently, at $2.70, we expect TON to settle at its last all-time high range of $4.
However, if the network comes up with updates or scales up on the size of transactions, the average price range might shoot up to $5 for 2023. But, of course, both situations depend upon the market’s optimism.
Toncoin Price Prediction 2024
2024 could be a year of progressive change for the TON token. Apart from marking three years of the Blockchain network, this could mark a change in transaction speed and the user base.
If the market continues with the same momentum, we expect the token to reach around the $6 mark. On the contrary, the price might subside at an average of $5.5 if it goes into a downtrend.
Toncoin Price Prediction 2025
For 2025, we expect the token to adopt a bearish trend following a long-term positive approach. For this year, we expect TON to plummet in terms of its value and overall size.
If the platform cannot keep up with the speed of transactions, it could slow down the token’s overall growth. As a result, this year could bring down the token’s rate and subside down to $4 for the year.
Toncoin Price Prediction 2026
Most speculations for TON’s price movement for 2026 suggest that the token will move to a correctional path for this year. However, considering that the token’s price would already be affected by last year’s dip, it could be a year of change for the token.
For 2026, we expect the token to reach back to its $5 mark. However, the revisions rate depends on the network’s overall expansion.
Toncoin Price Prediction 2027
2027 could be the year of change for The Open Network. This year, we expect TON to be at the center stage of transactions for almost all the major industries.
We also expect an increased user base that will pump the token’s price for this year. Our estimates suggest that TON will be valued at $5.5 and could average around $5.2 for the year.
Note: The price range mentioned above is a mere prediction by our experts. The figures mentioned in the predictions are based on the current market movements and ongoing trends. Therefore, before you invest in the token, ensure that you’re clear with your research on the token and its fundamentals and have an idea of its future.
Toncoin’s Last Week Performance
Toncoin started 2023 with a positive market movement. Considering it’s the first week of the year, TON has maintained its rangebound movement around the $2.15 range. However, as per our latest research into the price movement, it’s evident that TON has moved below its support line that has been backing the token’s campaign since last year.
In addition, we’ve merged the token’s movement with a bear-bull indicator to understand the current market sentiment of the token. Overall, things are mostly positive for the token, and looking at its current price movement; we expect TON to make corrections soon and opt for an upwards trend.
What’s Up With Toncoin In Recent Times?
While there are no recent updates on the TON token, the project has collaborated in many events in 2022. However, paired with the active crypto winters, these collaborations forced the token to lose most of its annual valuation.
Overall, while the token has faced many downtrends, the uptrend has allowed the token to make up for most of its lost value. Currently, TON is operating at $2.5 and is expected to boom in the coming years.
Should You Consider Investing In Toncoin?
Every cryptocurrency investment carries some risk elements, which you should carefully consider before investing in the project. The same is true for Toncoin, as the token is new, and there’s a lot that needs to be understood about the nature of the network.
As a result, traders and investors must conduct their due diligence before making any investment decisions. So while TON is one of the best digital assets to add to your portfolio, it is wise to understand the risks associated with market volatility. All the best!