X

Emma from Charlotte

Signed up at Anonymous Casino 17 minutes ago.

» Try Anonymous Casino too
Do not show again

Toncoin (TON) has been in a positive mood since August 19, 2023, advancing from a low of $1.27  to a high of $2.76 reached on November 08. The current Toncoin (TON) price stands at $2.31, and despite the current correction, bulls continue to control the price movement.

TON’s price gains are a result of its extended integration with Telegram, which exposed TON to approximately 800 million users on Telegram but it is also important to say that the recent surge in Bitcoin price had a positive impact on TON. But where is the price of TON going next, and what can we expect from January 2024?

In the weeks to come, TON and the cryptocurrency market will remain significantly influenced by the decisions of the U.S. Securities and Exchange Commission (SEC) and investors should keep in mind that while positive developments can trigger substantial price increases, they also carry potential risks.

Today, Crypto Lists will discuss TON price estimates from a technical and fundamental analysis perspective. Please note that there are also many other factors to consider when entering a position, such as your time horizon, willingness to risk, and how much margin you have if trading with leverage.

The popularity of Toncoin (TON) continues to grow

There are many blockchain-based projects within the crypto space that aim to revolutionize the industry, and one such project is Toncoin (TON). Toncoin (TON) is a cryptocurrency used throughout the Open Network blockchain and aims to streamline cryptocurrency payments on the Telegram platform.

Toncoin (TON) was established in 2018 by Telegram’s founders, who initiated the project, but later it was finalized by Anatoliy Makosov and Kirill Emelyanenko. As per the project’s team, they developed a scalable multi-blockchain structure capable of accommodating a widely adopted cryptocurrency and decentralized applications equipped with user-friendly interfaces.

As time passed, Toncoin (TON) has progressed within the cryptocurrency space, transforming from a transaction-focused currency to a comprehensive ecosystem offering decentralized storage, various services, a domain name system, and an anonymous network. Ton network has a time-to-finality of under 6 seconds, the cross-shard communication is near-instantaneous, and it is capable of handling millions of transactions per second if necessary.

Telegram innovations continue

The prominent social media platform Telegram has recently expanded its backing for Toncoin and unveiled a new wallet named TON Space. Pavel Durov, Telegram’s CEO, shared this thrilling update on his official Telegram account, affirming that TON is their chosen blockchain network for their crypto integration. This integration will broaden Telegram’s Web3 infrastructure and it’s noteworthy that users who have installed the most recent Telegram version can access the wallet option from the application menu.

Toncoin developers say the upgrade aims to integrate the token within Telegram Mini-Apps, and Toncoin projects could utilize these mini-apps to increase their reach and adoption. Moreover, TON-based users get priority access to Telegram Ads, exposing the projects to over 37,000 communities and millions of Telegram users. Consequently, the TON wallet is available to over 800 million Telegram worldwide users, and according to analysts, this development should be positive for the future performance of TON.

The popularity of Toncoin (TON) is growing each day and as indicated in a recent Yahoo Finance report, the TON blockchain has demonstrated substantial growth since 2022, with the number of addresses surging from 170,000 to 3.5 million, marking a twentyfold increase. The network has also increased its validator nodes to 350, promoting a more decentralized network spanning 25 nations. Throughout this expansion, the TON blockchain has upheld a consistent track record without any significant network disruptions reported.

Rating: 9.17/10
Supply: 1,220,000,000 / 5,000,000,000
Release date: July 10, 2019

Description: Discover Toncoin and be part of the cryptocurrency revolution.

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.


Toncoin (TON) has officially become the world’s fastest blockchain

Another positive information is that in partnership with Alibaba Cloud, Toncoin has announced plans to set up 256 servers for a performance testing event that occurred on October 31, 2023. As stated in the announcement, the goal of this event was to formally designate the TON blockchain as the fastest blockchain globally and attain recognition from the Guinness World Records. The test was successful and TON has officially bypassed all L1 blockchains and centralized payment networks such as PayPal, Visa, and Mastercard. The team behind Toncoin said:

“We’re ecstatic to report that the test was successful, and TON Blockchain reached a staggering speed of 104,715 transactions per second. This makes TON Blockchain the fastest and most scalable blockchain in the world. And yet, this record is far from reaching TON’s limit. Thanks to its unique architecture, TON can process millions of transactions per second from billions of users by adding more nodes, confirming that TON is technically miles ahead of all the other existing blockchains.”

This positive news drew the attention of investors, but investors should keep in mind that market conditions can change rapidly, and staying informed and employing risk management strategies are crucial when navigating the cryptocurrency market. In the days to come, TON and the cryptocurrency market will remain significantly influenced by the decisions of the U.S. Securities and Exchange Commission (SEC) and investors should keep in mind that while positive developments can trigger substantial price increases, they also carry potential risks.

Technical analysis for Toncoin (TON)

Toncoin (TON) has advanced from $1.27 to $2.76 since August 19, 2023, and the current price stands at $2.31. A break above the $2.40 level would indicate that Toncoin (TON) could probably test the price level at $2.50 again. As long the price of Toncoin (TON) is above the line that I marked on the chart below, there is no risk of a bigger sell-off.

Technical analysis for Toncoin (TON)

Important support & resistance levels for Toncoin (TON)

Important support & resistance levels for Toncoin (TON)

On this chart (the period from July 2023), I marked important support and resistance levels that can help traders understand where the price could move. TON has weakened from its recent highs, but if the price jumps above $2.40, the next target could be resistance that stands at $2.50.

The current support level is $2.20, and if the price breaks this level, it would be a “SELL” signal, and we have the open way to $2. If the price drops below 2, which represents an important support level, the next target could be $1.80 or even below.

What speaks for the rise in the Toncoin (TON) price

Toncoin (TON) is a fairly new project in the blockchain space, but its expanding popularity, coupled with the growth of the Toncoin ecosystem and the increasing demand for privacy-centric transactions, suggest that Toncoin has the potential to be an important player in the cryptocurrency market.

For the bulls to remain the control of price movement, a move above $2.50 would be beneficial. There’s widespread anticipation among crypto analysts for the imminent approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). Should this approval materialize, the price of TON will likely experience a positive performance. Should the price of TON surpass $2.60, the subsequent significant resistance level at $2.80 might become the next target.

What indicates a downfall for Toncoin (TON)

The downfall of TON can be influenced by a wide range of factors, including negative rumors, market sentiment, regulatory developments, technological advancements, and macroeconomic trends. The highly volatile nature of the cryptocurrencies may scare investors to sell TON if some negative news happens in the cryptocurrency market and because of this, investing in TON involves a significant degree of unpredictability and substantial risk.

Investors should keep in mind that the price of TON is also correlated with the price of Bitcoin, and if the price of Bitcoin drops below the $40000 price level, that would certainly have a negative influence on the price of TON.

What do analysts and experts say?

Numerous crypto analysts have the opinion that Toncoin (TON) is a promising project that could have a bright future, and it is likely that the coin will continue to play a significant role in the cryptocurrency market. Toncoin (TON) is experiencing significant growth in use, and there’s a great opportunity for developers to get a massive audience quickly. According to a Yahoo Finance report, the TON blockchain has demonstrated substantial growth since 2022, with the number of addresses surging from 170,000 to 3.5 million. The recent integration with Telegram exposed TON to approximately 800 million users on Telegram and crypto analysts say that this development should be positive for the future performance of TON.

At the same time, Toncoin (TON) has officially become the world’s fastest blockchain – as TON Blockchain reached a staggering speed of 104,715 transactions per second which makes TON Blockchain the fastest and most scalable blockchain in the world. TON’s new world record is not just a benchmark or a PR stunt; it’s a statement highlighting the possibilities of TON Blockchain Technology. By setting the stage for the world’s first blockchain-powered SuperApp, TON isn’t just breaking records but also exploring the horizons for new use cases and Web3 adoption.

Disclaimer: Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to lose. The information on this site is presented for educational purposes only and should not be construed as investment or financial advice.

by Our Certified Author
Toncoin Newsflash
    Team behind TON launch data storage projectTeam behind TON launch data storage project
    Thursday, 5 Jan 2023 1:39 pm
    The TON Foundation team behind the acclaimed The Open Network and its fast-rising Toncoin are looking to make a splash into the cold storage market with their exciting and innovative new project. TON Storage will see the former Telegram founders branch into data with users paying in TON to keep their data stored safely on the related blockchain without the need for a centralized web server...
    Read the full newsflash


    Toncoin leads the altcoins with 30% weekly price riseToncoin leads the altcoins with 30% weekly price rise
    Friday, 16 Dec 2022 1:32 pm
    People had high hopes when Telegram announced a blockchain and accompanying token. Seems they might have been right, although the project was taken over by another organization. Today it's leading the top rising altcoins with an increase of 30% since this time last week...
    Read the full newsflash


    Telegram to build a crypto exchange and non-custodial walletTelegram to build a crypto exchange and non-custodial wallet
    Tuesday, 6 Dec 2022 1:08 pm
    Telegram is set to further progress its footprint into the cryptocurrency industry after announcing plans to launch a non-custodial wallet and a decentralized crypto exchange. Telegram initially added support for crypto payments via the TON coin in April. In the announcement, Telegram's CEO and founder, Pavel Durov, stated that to avoid a recurrence of the FTX collapse, projects based on the blockchain should focus on decentralization...
    Read the full newsflash


    Telegram now accepts crypto trading with BTC and TONTelegram now accepts crypto trading with BTC and TON
    Monday, 28 Nov 2022 3:24 pm
    The native token of Telegram, TON, that was later run by a separate group outside the founders, can now be traded on Telegram along with Bitcoin (BTC). Those using the Telegram app can now both buy and sell crypto. The use case has been developed by The Open Network, which used to be called Telegram Open Network. For everyone looking to trade more than two coins or tokens, while looking for the best possible spread, check out Kucoin where you can trade TON...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
  • Gorilla logo
     Gorilla
    ETHEREUM-TOKEN
  • Dynasty Wars logo
     Dynasty Wars
    SOLANA-TOKEN
  • Kaspa logo
     Kaspa
    NATIVE-COIN
  • IOTA logo
     IOTA
    NATIVE-COIN
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top