Toncoin is a decentralized layer 1 blockchain network. It was developed by the famous messaging platform Telegram. Later the project was taken over by the TON foundation and renamed from “Telegram open network” to “The Open Network”.
It aims to provide the users with fast, secure, and cost effective payment processing and other decentralized services. It uses a proof of concept model to achieve high scalability and reliability. TON has a community driven development and flexible design that meets specific customer needs.
It has a circulating supply of 1.22 Billion TON and a maximum supply of 5 Billion TON.
Toncoin Crypto Price Technical Analysis
Toncoin price technical analysis suggests the fading bullish momentum. The crypto experienced a steady rise in the past six months thus gaining 65.5% in the period.
At the time of writing, the price was hovering near $2.25 with an intraday loss of 6.71%. The price is 15.86% down from its recent swing high and shows a neutral outlook. The bulls are losing momentum which has shifted the price into a short term correction phase.
The technical indicators imply that the price has dropped below the 50-day EMA indicating weakness in the momentum. Moreover, the price is still above the 200-day EMA suggesting that a positive trend is prevailing in the long term.
Toncoin Price Prediction January 2024
The price forecast for January shows a neutral to bullish outlook by the month end. On the most optimistic note, the TON price may reach a high of $2.60 signifying an upside potential of approx 20.7%. The pessimistic view of analysts assumes the price could drop to a low of $2.06.
Toncoin Price Prediction 2024
The TON crypto price exhibits a positive outlook in the long term which may help the price attain higher levels. The most optimistic price analysis signifies an upside potential of 84% by the year end.
The TON crypto may therefore advance to a high of $4.09 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $3.188 by the end of year 2024.
Toncoin Price Prediction 2025
By the next two years the Toncoin cryptocurrency price may have surged over 149.74% as per the most optimistic view of analysts. The price could reach a high of $5.52. The pessimistic view of analysts hope for the price to reach a high of $4.299.
Toncoin Price Prediction 2026
On the most optimistic note Toncoin crypto could gain to a high of $6.977 in the year 2026. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $5.64.
Toncoin Price Prediction 2027
By the year 2027, Toncoin cryptocurrency is expected to reach a high of $7.53 as per the bullish view of analysts. The bearish view of analysts expect the price to reach $6.18 by the end of year 2027.
Toncoin Price Prediction 2028
The price forecast of the Toncoin crypto shows that it may reach a high of $8.87 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for Toncoin is $7.10.
Toncoin Price Prediction 2029
Based on the recent price analysis, the most optimistic view of analysts expects that the TON price could go as high as $11.59 over the next five years. The lower value as predicted by our analysts for the year 2029 is $9.704.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
Source: https://www.thecoinrepublic.com/2024/01/03/toncoin-ton-price-prediction-will-it-reach-the-moon-by-2029/