TON Price Skyrockets, This is the 2024 Toncoin Price Prediction!

Bittime - Toncoin (TON) is stealing attention again. After shooting up more than 170% since the beginning of the year, this digital coin is now officially listed on Binance. This step is predicted to make Toncoin prices fly even higher. So, what is the Toncoin price prediction in 2024? Keep reading this article, OK!

What exactly is Toncoin? This coin gave birth to Telegram, a popular messaging application that is now entering the crypto world. With the support of its parent, plus new projects that continue to emerge, Toncoin has succeeded in attracting the attention of investors.

Toncoin Listing on Binance

Binance's decision to host Toncoin is a breath of fresh air for fans of this coin. By entering the world's largest exchange, Toncoin now has access to millions of potential investors. This could be a turning point for Toncoin to reach the peak of popularity.

Binance opens four trading pairs for Toncoin, namely TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Buying and selling transactions can now be carried out, while withdrawals will begin to open on August 9.

However, there is something interesting. Binance labeled Toncoin a “seed”, meaning it is considered new and high risk. Usually, this label is attached to small projects, but Toncoin, which is two years old and is in the top 10 largest cryptocurrencies, is getting the chance.

Toncoin is getting more money

Toncoin's presence in the crypto ecosystem is getting stronger. The total value of assets locked in the network (Total Value Locked/TVL) has reached IDR 12.8 billion (around $800 million), an increase of 10 times since the beginning of the year.

This increase was supported by USDT integration and the success of games such as Notcoin and Hamster Kombat. As a result, the number of daily active Toncoin users jumped from one hundred to nearly a thousand people.

Can Toncoin Touch New ATH?

The big question now is, can Toncoin reach new highs? Technical analysis shows that Toncoin price is in the fourth of five upward waves that began in June 2022. The previous highest peak was IDR 132,480 (around $8.28) in June 2023.

Experts predict that this fourth wave will form a symmetrical triangle pattern. If true, Toncoin's price will likely move within a certain range until the end of the year, before exploding in early 2025.

However, there is also another scenario, where the price could fall to around IDR 64,000 (around $4) before rising again. Predictions for the peak of the fifth wave are still unclear, but there are estimates that prices could reach IDR 172,320 (around $10.77).

In essence, Toncoin's future is still full of uncertainty. Despite its great potential, investing in the crypto world is still full of risks. So, stay alert and don't get carried away by euphoria.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.