Toncoin (TON) Price Prediction 2024-2030: Will TON Price Hit $5 Soon?

• The bullish TON price prediction ranges from $3.241 to $3.462.
• TON price might also reach $4 in 2024.
• TON’s bearish markea2ca95ca-70f2-4204-b7c2-f813529075c7 prediction for 2023 is $1.221.

After facing the crypto winter, the community’s demand for decentralization emerged once again. Currently, many decentralized projects out there are getting recognition, and TON Blockchain is one such platform.  

The Open Network (TON), as described on its website, is a decentralized and “open internet platform” made up of several components. Some of those “several components” include TON Blockchain, TON DNS, TON Storage, and TON Site. Moreover, TonCoin is the platform’s native currency. While Toncoin consists of rich features, this altcoin’s price could vary as time passes.

This Coin Edition article will highlight Toncoin’s price analysis and forecast for the years 2024, 2025, 2026, 2027, and 2050. Before we take a look at TON’s price forecast, let’s first understand Toncoin and its project.

Toncoin (TON) Market Overview

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What is Toncoin (TON)?

As mentioned earlier, The Open Network (TON) describes itself as a decentralized and open Internet platform made up of several components. While the Open Network has many components, the TON Blockchain is the core protocol that connects TON’s underlying infrastructure.

One of the main aims of TON is to achieve “widespread interoperability,” while maintaining a highly scalable secure framework. Moreover, TON is equipped to handle millions of transactions per second (TPS) while reaching out to millions of users. The TON Blockchain also acts as a “superserver,” by providing a diverse feature-rich set of products and services. 

Toncoin is the native crypto of TON Blockchain and plays an important role in strengthening its ecosystem. Toncoin has multiple features but one of the key aims behind the altcoins design is to give users financial freedom with decentralization. Toncoin can be used to make payments for services provided by apps, pay fees for transactions on the network, and pay for cross-chain transaction fees. 

Moreover, the Toncoin also enhances network security through staking and is important for TON’s on-chain governance program. Toncoin can also pay for blockchain-based domain names (DNS).  In the future, the team hopes that Toncoin could be used to pay for TON Proxy, and pay for decentralized data storage services.

Ultimately, TON continues to offer various apps and services to its users. Moreover, TON continues to upgrade and build to develop its ecosystem with the aim of providing decentralized features for the crypto community. 

Latest News on Toncoin (TON)

Recently, TON announced a $250 million commitment with the aim of boosting key projects, and focus on DeFi. Through the announcement, TON mentioned the TON Accelerator Program will allocate up to $25 million this year to projects which would create an impact on TON’s ecosystem.

Toncoin (TON) Current Market Status

After its recent launch, TON has already ranked in the 14th position based on its market capitalization, according to CoinMarketCap. The current circulating supply of Toncoin is 3,456,712,070 TON, while its total supply is 5,101,180,121. 

Moreover, TON is priced at $2.37, experiencing an 8.97% rise in seven days. With a market of $8,202,886,226, TON is also experiencing an 8.96% surge in 24 hours. It was observed that TON’s demand is gradually reducing; however, it continues to be in the traders’ spotlight as the trading volume, valued at $90,023,732, experienced a spike of 111.08% in one day.

Some of the crypto exchanges for trading TON are currently OKX, KuCoin, HTX, Bybit, and Gate.io. However, traders should note that over time, TON could be available across many other top crypto exchanges.

Now, let’s dive further and discuss the price analysis of TON for 2024.

Toncoin (TON) Price Analysis 2024

Will TON’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? Moreover, would the changes in the blockchain industry affect TON’s sentiment over time? Read more to find out about TON’s 2024 price analysis.

Toncoin (TON) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

TON/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView ) 

During the last few months of 2023, the candlesticks were hugging the upper band as it continued to surge. However, the surge was met with a correction as the candlesticks broke beyond the upper band. The correction procedure pulled the candlesticks into the consolidation phase, as indicated by the indicator.

TON/USDT 1-Day Chart (Source: TradingView )

Looking at both the Bollinger bands and BBWP, it seems that candlesticks are in a consolidation phase as the asset continues to sway to-and-fro in between the horizontally-positioned upper and lower bands. Additionally, the BBWP is between 60% and 40% area, often regarded as a neutral zone to traders. As such, professional traders could be patiently waiting for new price action to identify the trend of the current market.

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

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

TON/USDT 1-Day Chart Showing RSI (Source: TradingView )

The RSI is currently valued at 56.11 and resides in the area between 60 and 40. This area is often considered a neutral zone by most traders. Additionally, the RSI continues to move upwards without any sign of resistance. If we expect the RSI to move upwards, there is a high chance the altcoin could experience a spike. On the other hand, if a massive number of buyers enter the market, the RSI could enter the overbought region, which could trigger a correction.

Toncoin (TON) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals. 

TON/USDT 1-Day Chart Showing MACD (Source: TradingView )

Looking at the chart, the MACD indicator’s momentum highlighted that the trend was still not confirmed. In the short term period, small red and green bars would form in the histogram, which clearly showed confusion in confirming the trend. Meanwhile, in the long term period, the candlesticks were able to set a position above the 200 SMA, which is considered a positive sign. If the candlesticks are able to maintain distance from the 200SMA, TON could start its uptrend soon. 

Toncoin (TON) Price Prediction 2024

TON/USDT 1-Day Chart (Source: TradingView )

Several indicators, including ADX and the Accumulation Distribution Line, show that altcoins are showcasing consolidation momentum. Additionally, it seems that the TON is showcasing a similar price action it experienced in the past. Earlier, the candlesticks broke beyond $2.563, faced a slight retracement, and later traded sideways. 

The consolidation price action happened from the last quarter of 2022 until mid-April. There may be a chance that TON could showcase a similar performance in the first quarter of 2024, as the overall market’s sentiment seems to be neutral. However, if the buyers rally and the market sentiment changes to greed, TON, along with several altcoins, could experience an extreme spike.

During the extreme bullish price prediction, TON could easily cross $2.563 and even touch the $3.2 level. However, the bearish price prediction highlights that $1.221 still acts as the critical support level. Meanwhile, if sellers reduce the selling activity, $1.686 could prevent TON from falling even further.

Toncoin (TON) Price Prediction 2025

TON could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, TON will continue to rise in 2025, forming new resistance levels. It is expected that TON will trade beyond the $5.31 level.

Toncoin (TON) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, TON could tumble into its support region of $4.75. Moreover, when TON remains in the oversold region, there could be a price correction soon. TON, by the end of 2026, could be trading beyond the $5.91 resistance level after experiencing the price correction.

Toncoin (TON) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. TON is expected to rise after its slumber in the bear season. Moreover, TON could even break more resistance levels as it continues to recover from the bearish run. Therefore, TON is expected to trade at $6.82 by the end of 2027.

Toncoin (TON) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, TON will continue to form new higher highs and is expected to move on an upward trajectory. Hence, TON would be trading at $8.11 after experiencing a massive surge by the end of 2028.

Toncoin (TON) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, TON could be trading at $9.15 by the end of 2029.

Toncoin (TON) Price Prediction 2030

After witnessing a bullish run in the market, TON and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, TON could be trading at $8.94.

Toncoin (TON) Price Prediction 2040

The long-term forecast for TON indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, TON may face a slight fall before starting its upward journey once again. It is expected that the price of TON could reach $18.27 by 2040.

Minimum Price	Average Price	Maximum Price
$17.49	$17.71	$18.27

Toncoin (TON) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, TON could surpass the resistance level of $28.89.  

Minimum Price	Average Price	Maximum Price
$27.01	$27.61	$28.89

Conclusion

To summarize, if investors continue to show interest in TON and add these tokens to their portfolio, then it could continue to rise. TON’s bullish price prediction shows that it could pass beyond the $3.241 level. Moreover, TON could surpass the $28.89 level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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