Toncoin (TON) Price Prediction 2024-2030: Will TON Price Hit $20 Soon?

• The price of TON might end 2024 on a bullish note, with predictions expected to be close to $20.
• 2026 and 2029 could be bearish years for Toncoin.
• By 2030, TON might have gained a lot of adoption, and the price might hit $55.

It is rare for abandoned projects to come back to life in the crypto market. But that was not the case with Toncoin, which was put in the safe hands of independent creators. Surprisingly, the creators, who now answer the title TON Foundation were able to develop the project to impressive heights.

As a result, Toncoin has become a top 10 cryptocurrency in terms of market cap. In this article, you will learn about Toncoin’s history, fundamentals, and tokenomics. Beyond that, you will also find out the price predictions from 2024 to 2030.

Toncoin (TON) Real Time Market Status

What is Toncoin (TON)?

Toncoin was first abandoned despite being developed in 2018. But the TON Foundation picked it up and rebranded it from “Telegram Open Network”  to “The Open Network.”  This was because Pavel Durov, the founder of Telegram left the project, and handed it over to independent developers.

For those unfamiliar, Toncoin is a decentralized layer-1 blockchain whose original idea was to allow users to buy, sell, and store funds seamlessly.

But since the TON Foundations took over, the mantra has changed. With the Proof-of-Stake (PoS) consensus, Toncoin now allows instant payment with full decentralized storage and a domain name system (DNS). With the DNS, clients can access the blockchain, and traditional websites can work on the network.

As of 2021, Toncoin’s transactions per second were about 55,000. But at press time, the number has increased to hundreds of thousands. Toncoin’s use case has expanded as the network offers a TON  wallet. This wallet can either be custodial or non-custodial

Toncoin (TON) Current Market Status

As of this writing, TON’s price was $7.08. This value was a 9.53% increase in the last 24 hours. In the last 30 days, the value of TON has increased by almost 100%. This has helped the market cap rise above that of Dogecoin (DOGE) and Cardano (ADA).

Toncoin’s market cap was $24.51 billion at press time. Apart from the market cap, TON’s trading volume was over $600 million, indicating high interest in the token. In terms of the supply, Coin Edition can confirm that it is 5.10 billion tokens, out of which 3.47 billion were in circulation.

TON can be bought on different exchanges. Some of them include Gate.io, Bybit, KuCoin, MEXC, and Uniswap V3.

Toncoin (TON) Price Analysis

There is no denying that TON has put up an impressive show for a while. However, that does not imply that the price of the token would continue to repeat the same performance. While it can, it is important to view the possibility from a technical perspective. In this section, Coin Edition looks at the short-term potential of TON, and the price prediction from 2024 to 2030.

Toncoin (TON) Price Analysis – Bollinger Bands

According to the 4-hour chart, TON seemed to have a clear path to $7.50. On April 14, the token was oversold, based on the Bollinger Bands (BB) indications. At the time, the lower bands of the BB tapped TON at $5.86.

However, bulls have been able to capitalize on this state as the price climbed past $7. At press time, the BB showed that volatility had decreased, and TON might not experience massive price fluctuations in the short. 

From a bullish perspective, the price of the token might hit $7.53. However, if traders decided to book profits, TON’s price might decline below $6.

Toncoin (TON) Price Analysis – Relative Strength Index (RSI)

Interestingly, the Relative Strength Index (RSI) showed similar signs to the Bollinger Bands. As of this writing, the RSI reading was 59.13, suggesting an increase in buying momentum.

If the buying momentum continues to increase, TON’s price might also appreciate. However, the signals displayed by the RSI indicated that the token might climb past $7.53. Should this be the case, and TON does not face any resistance, the value could hit $8.20 within a short while.

Toncoin (TON) Price Analysis – Moving Average Convergence Divergence

Despite the price increase, the Moving Average Convergence Divergence (MACD) showed that TON buyers had not outpaced sellers yet. At the time of writing, the 26-day EMA (orange) was above the 12-day EMA (blue), reinforcing the assertion above.

Meanwhile, the MACD reading had become positive suggesting that bulls could take bears out of the way. If the reading continues to rise, then TON’s price might hit $7.50. However, failure to keep sellers at bay could send TON further down.

Toncoin (TON) Price Prediction 2024

The first quarter of 2024 has been great for TON. But can it be better? Definitely. According to the 4-hour TON/USD analysis, the token has not yet validated its short-term bullish bias.

This was because the Awesome Oscillator (AO) remained negative, indicating that a downward momentum could be possible. However, the same indicator flashed green bars, and this could help invalidate the bullish thesis.

On a mid-term horizon, Coin Edition looked at the Fibonacci indicator. From the indicator, TON displayed a potential value increase. In a highly bullish case, the 4.236 Fib level placed TON at $19.68, and this could be the price the token eventually hit before the end of 2024.

Toncoin (TON) Price Prediction – Resistance and Support Levels

On the daily chart, bulls held support at $3.66, and this was instrumental to the surge TON had in the last month. But in the build-up to the increase, there was resistance at $4.87 which forced the price down at that time.

However, the decline did not deter bulls from following up with another support at $5.95. In the meantime, TON’s price might continue to increase. But an overhead resistance stood at $8.05. Clearing the resistance might send TON toward $10. At the same time, rejection at the level might drive a decline toward $6.50.

Toncoin (TON) Price Prediction 2025

Considering the momentum TON has displayed, the price has the potential to build on its previous increase. In 2025, Toncoin could displace Ripple (XRP) and become one of the top six cryptocurrencies. Should this be the case, TON’s price might end up at $25 in 2025.

Toncoin (TON) Price Prediction 2026

TON might find it difficult to maintain its bullish momentum in 2026. By this time, those who have held the token since it was at a single-digit value might book profits. If this is the case, TON might drop to $17.50 in 2026.

Toncoin (TON) Price Prediction 2027

By 2027, it is expected that the number of Telegram users will have increased by a few million. As you probably know, TON has a wallet integrated with the platform. Therefore, a surge in the number of Telegram users could mean high demand for TON. Hence, the price could hit $30.

Toncoin (TON) Price Prediction 2028

Bitcoin will have its 5th halving in 2028. Historically, this event has been bullish for altcoins, and TON might not be exempted again in the same year. So, the price prediction for TON in 2028 is $43.97.

Toncoin (TON) Price Prediction 2029

Toncoin might undergo a correction in 2029 as it is expected that other projects similar to it might have sprung up. As such, these projects might eat into the market share of the token. Therefore, the 2029 price prediction for TON is $34.56.

Toncoin (TON) Price Prediction 2030

In 2030, TON’s price might recover from the downturn. This time, the price increase might be much more than its 2024 performance. Thus, the price prediction could be $55 by the end of the year.

Toncoin (TON) Price Prediction 2040

By 2040, Toncoin’s community is projected to compete with a project like Solana. This is due to the use cases of the token including settlements, payments, and dApp development. With this prediction, demand for TON might be explosive, and the price could hit $68.

Toncoin (TON) Price Prediction 2050

TON might eventually hit triple digits by 2050. Based on our analysis, the crypto market is expected to exceed $20 trillion by this year. Hence, prices of solid projects might jump and TON  might not be left out. By 2050, TON’s price could be $108.75

Conclusion

In summary, Toncoin is a solid project to keep an eye on this cycle. However, the relevance of the project might surpass this cycle considering its links with Telegram, the social media platform.

However, it is important to note that TON might undergo correction at some point. But the long-term prediction remains a bullish one.

FAQ

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.