Latest Toncoin (TON) Price Predictions, 2024, 2025, and 2030

Bittime - Telegram CEO Pavel Durov was arrested in France on Sunday, August 25. This affected the price of Toncoin (TON) after the news went viral. Even though Telegram and TON are different platforms, it cannot be denied that TON can be said to have a close relationship with this short messaging application.

Referring to recent events, what is the prediction for the price of Toncoin (TON) in the future? Check out the latest price predictions for this coin from 2024-2030 in this article, come on!

What is Toncoin (TON)?

Before going to the price prediction section, you should first know what TON is. Now, Toncoin (TON) is a crypto asset that runs on The Open Network, a blockchain developed by the Telegram development team. 

This project was born after Telegram's initial attempt to launch a Gram coin was rejected by the United States SEC (Securities and Exchange Commission). 

TON is designed to be a fast, efficient, and easy-to-use blockchain platform, with the ability to handle millions of transactions per second.

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How Does Toncoin (TON) Work?

The Open Network uses a Proof-of-Stake (PoS) consensus mechanism, which means users can validate transactions and add new blocks to the blockchain based on the amount of TON they stake. 

This system promises transaction speeds of less than a second, making it one of the fastest blockchains available.

TON also offers features such as smart contracts, decentralized applications (dApps), and the ability to store data in a decentralized manner. Users can use TON to pay transaction fees, store data, and participate in network governance.

TON and Telegram relationship

Toncoin (TON) has a complex and interesting relationship with the instant messaging application Telegram. Initially, Telegram planned to launch their own crypto coin called Gram, but this plan was halted when the United States Securities and Exchange Commission (SEC) stated that Gram was an unregistered security.

Despite this, the vision of creating a blockchain ecosystem integrated with Telegram has not waned. A group of Telegram developers then took the initiative to continue this project independently, which ultimately gave birth to The Open Network and Toncoin (TON) as we know it today.

Pavel Durov Arrest

The relationship between TON and Telegram was again in the spotlight on August 24, 2024, when Telegram CEO Pavel Durov was arrested in France. Durov is accused of facilitating money laundering and drug trafficking via the Telegram application. 

This event had a significant impact on the price of TON, which experienced a decline of 20% after the announcement of the arrest.

However, Durov's arrest also sparked a wave of solidarity among Telegram users and TON supporters. Many users buy TON on the open market as a form of support. On social media, the hashtag #FreePavelDurov trended, and an account called Free Durov managed to gather more than 10,000 followers in a short time.

What is TON Coin?

TON coin is the native token of The Open Network. Its function is not only as a means of payment in the TON ecosystem, but also as a mechanism for participating in network governance. 

TON holders can stake their coins to earn rewards and have voting rights in network development decisions.

TON Coin Distribution

As of August 27, 2024, the distribution of TON coins is as follows:

• Total supply: 5,107,746,704 TONS

• Circulating supply: 2,534,755,119 TONS (49% of total supply)

• Holder distribution: The top 10 holders own 61.74% of the total supply

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TON Coin Price Analysis

Source: Bittime

The price of TON has experienced significant fluctuations since its launch. After reaching its all-time high in June 2024 at $8.24 (Rp. 127,720), TON underwent a correction and traded around $5.51 (Rp. 85,513) on August 27, 2024. 

Technical analysis shows that TON is moving in a symmetrical triangle pattern, which could signal a potential breakout in the future.

TON Price Prediction 2024, 2025, and 2030

TON Price Prediction 2024

For the end of 2024, technical analysis shows the potential price of TON reaching $6.30 (Rp. 97,650). This prediction is based on the assumption that TON will continue its upward trend towards a new all-time high.

TON Price Prediction 2025

Towards the end of 2025, the price of TON is projected to reach $5.40 (Rp. 83,700). This prediction considers the possibility of a correction after reaching a new peak.

TON Price Prediction 2030

Based on the daily growth rate over the past two years, the price of TON is estimated to reach $27 (Rp. 418,500) by the end of 2030.

Toncoin (TON) Price History

TON was launched in 2021 and immediately experienced a significant price increase, reaching $4.50 (Rp. 69,750). However, prices were then corrected and experienced a decline until mid-2022. 

Since then, TON began to show a steady upward trend, reaching a new all-time high in June 2024.

Conclusion

Toncoin (TON) offers a compelling vision for the future of blockchain with a focus on speed, efficiency, and ease of use. Even though it has experienced significant price fluctuations, TON remains a project to reckon with in the crypto industry.

The price prediction shows promising growth potential for TON in the long term. However, as with any crypto investment, it is important to remember that this market is highly volatile and price predictions should be viewed with caution.

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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. 

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