Toncoin (TON) review and price prediction for the next bull run

"The Open Network To Unite All Blockchains And Internet." Toncoin (TON) Review

By Coins Reporter | Coinsreporter | 10 Dec 2023


Originally launched by Telegram in 2018, TON is an open source layer 1 blockchain with almost similar use cases as does Ethereum. In fact, Telegram raised $1.7  Billion in private funding largely due to projecting it as a competition to Ethereum. Initially TON was launched as Telegram Open Network and was run by Telegram itself. But it was rebranded as The Open Network when TON Foundation took over the network. 

It's quite interesting to note that with such a huge market cap that TON Coin has, It has remained rather unpopular in comparison to other top 20 coins on the market cap rank. However The Open Network with a clear tagline 'to unite all blockchains with internet' has all the ingredients for reshaping what it hails. Let's find everything about TON in this step by step review. 

What is The Open Network or TON?

As the name suggests, TON is the  open network for all. It's a layer 1 decentralized and open source blockchain network that focuses on building a seamless and user friendly environment for everyone. TON boasts almost all the features that Ethereum can scale, albeit at a much faster pace. Unlike Ethereum TON is designed to process millions of transactions per second. Also TON secures it's blockchain with DPoS, whereas Ethereum still uses PoW, albeit not in ETH 2.0.

TON vs Ethereum 2.0 comparison. Toncoin vs Ethereum 2.0

TON is not only highly scalable, it also boasts a series of other components as well. For example, TON DNS services, TON storage services, TON websites and so on. TON also provides a smooth smart contract platform for developers. 

According to TON official website, "TON Blockchain is designed as a distributed supercomputer, or “superserver,” intended to provide a variety of products and services to contribute to the development of the decentralized vision for the new internet." 

What essentially it sounds like TON is a blockchain that wants to make every aspect of Blockchain Technology as much practical as possible. The hefty vision of TON is to be 'the one for all purpose blockchain'. 

What is Toncoin (TON)?

Toncoin (TON) is the native currency for The Open Network or TON. It's used for network operations and transactions over TON blockchain. It's also used   as currency or digital token for games and collectibles built upon TON network. 

Unlike many other networks, TON does not require a secondary chain as its primary chain does everything for its ecosystem. You can pay, stake, vote, buy and sell goods, create and authenticate NFTs or collectibles with Toncoin. 

Toncoin Circulating Supply is 3.5 billion and the total supply is 5.1 billion. However Toncoin does not have a fixed maximum supply so as to fight scalability issues if ever faced. 

Currently the market cap of Toncoin is around $8 billion and it is ranked 16th on the basis of its total market cap. 

Where to buy Toncoin (TON)?

It's very interesting to note that Toncoin isn't available on any of the tier 1 exchanges except for Bitfonex, OKx and Kucoin. However you can swap it on Uniswap DEx. Other major exchanges to offer TON include Bybit, HitBTC and Gate.io.

Toncoin (TON) Price Prediction for 2024 and 2025

Currently Toncoin is trading at around $2.25 a coin. It presents a good buying opportunity as upto now TON hasn't followed the bullish trend of other altcoins. Recently most altcoins including Bitcoin has surged quite considerably, however TON has rather been stable or infact it has rather been down after making little highs to $2.70 in October this year. 

Considering the user friendly nature and utility of TON with a backing of Telegram, TON has all the possibility to re-enter into the Top tens in 2024. If it happens tomorrow the market cap of Toncoin would double and the prices will move in the same direction.

The price for 1 TON can reach as high as  $15 in 2024 and $25 in 2025.

These aren't so much gains considering, this would the first bull run for TON. The gains may even be 50x or 100x if the project sees major developments or partnerships happening in next 2 years. 

 

What do you think about The Open Network or the TON as a project? What is your future prediction for Toncoin?

 

As Always Thanks for Reading and Tipping 

Adios ... Ciao.... Bye ... Take care ...

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Coins Reporter
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Once a Bitcoiner and forever will be. Love to share my views even if they are unbelievable.


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