Algorithm Predicts Toncoin Price Uptrend, Blockchain.com Lists TON

 Key takeaways

• Toncoin (TON) has been revealed as a new listing on Blockchain.com, giving TON holders greater access to fiat on-ramps and off-ramps in USD, GBP and EUR
• This follows a period of bullish developments for TON and a Q3 ecosystem report described as “the most exciting ever witnessed”
• The CoinCodex price prediction algorithm expects a +34% gain for TON over the next 6 months

Blockchain.com announces collaboration with Toncoin and makes the TON token available through the platform

Toncoin (TON) has announced that the native TON token has now been listed on Blockchain.com, which was the first block explorer for Bitcoin (BTC) formed back in 2011. Since then, Blockchain.com has become a leading block explorer for several major chains and has introduced an on-site wallet and digital asset exchange.

? Limited-time offer alert! ? Buy $20 worth of Toncoin in your https://t.co/0DZyULb31t Wallet and get $5 extra! ? Don’t miss out!https://t.co/OmgO66zCIh

Terms and conditions apply. Only available in selected geos. You must register at https://t.co/9YgDggpugS to qualify.

— Blockchain.com (@blockchain) October 18, 2023

Blockchain.com enables seamless on-ramps and off-ramps for its listed assets, supporting fiat trading pairs for USD, GBP and EUR. TON will now be made available to the platform’s 90 million wallet owners, and Blockchain.com is offering a limited-time promotion where it will add $5 of free tokens on top of any TON purchase worth $20 or more.

Toncoin stated in a recent announcement through Telegram, “This collaboration is a significant step toward making crypto more accessible to over 800 million monthly active Telegram users.”

Toncoin adoption continues to skyrocket, “most exciting quarter ever witnessed” according to Toncoin spokesperson

TON released its Q3 ecosystem report on 6th October, showing major increases to network activity over the course of 2023. The project stated, “the last quarter might be the most exciting quarter we’ve ever witnessed,” as the Toncoin ecosystem consistently saw more than 1000 new wallet sign-ups on a daily basis.

The total number of active on-chain wallet addresses for the blockchain increased to 814,488 while the total number of accounts breached 3.5 million. The ecosystem has seen steadily rising user base statistics since January, with almost no slowdown or dropoff in terms of its adoption.

Telegram’s recent decision to support TON wallet in the application led to a +57% rally for the TON token in September. Toncoin has reported that Telegram expects to hit 1.5 billion total users within the next five years, and it aims to capture 30% of this total user base through its close relationship with the instant messenger.

Total number of active wallets on the The Open Network (TON) blockchain

Algorithm predicts continued upside for TON

The CoinCodex price prediction algorithm has forecasted a continued rise in value for TON over the coming months. TON recently surged +57% in September and is currently 114% up from its June low. Over the next six months, the algorithm expects TON to rise by a further 34.22% to hit the $2.73 price level.

The prediction would take TON above a key resistance level at $2.60, before gradually moving above the range and targeting its 2021 highs. Within the next year, TON could be trading above $3 according to the algorithm.

6-month price prediction for TON, via CoinCodex

Bottom line: Blockchain.com makes it easier to buy and sell TON as the network’s adoption rates continue to grow

TON has benefited from several major developments in recent months, with the Telegram integration opening the door for the network to reach 800 million active monthly users. Blockchain.com’s decision to list TON makes buying and selling the token even more seamless, as the platform offers established on-ramps and off-ramps for all its listed assets.

On balance, Toncoin’s rapid recent adoption rates look set to continue over time. The native TON token is now approaching a key resistance level and the CoinCodex price prediction algorithm anticipates that it will break through successfully within the next few months.

TON price action over the past 3 months, via CoinCodex