TON Coin: The Digital Currency of the Telegram Open Network and its Founders
TON Coin is a decentralized digital currency that is part of the Telegram Open Network (TON). Its primary mission is to facilitate secure and fast transactions within the blockchain. Differentiating itself through its focus on the speed and security of transactions on the TON network, TON Coin has become a prominent option in the cryptocurrency space.
The TON Foundation is recognized for its impressive speed compared to other blockchains, reaching a maximum speed of 104,715 transactions per second (TPS). This exceptional speed is crucial in delivering a smooth and efficient experience to TON Coin users.
Initially conceived by Nikolai and Pavel Durov, the visionary founders of the popular messaging app Telegram, TON Coin has evolved to be fully managed by the TON Foundation. This transition to more institutionalized management has strengthened confidence in the coin and solidified its position in the cryptocurrency market.
The Evolution of Toncoin
The price of Toncoin ($TON) has experienced a remarkable trajectory since its launch in 2020. Initially, the coin was distributed through an open mining process that lasted from June 2020 to June 2022, allowing thousands of developers, investors and early adopters to obtain $TON.
Trading of $TON began before all available tokens were mined. In August 2021, $TON was trading at $0.50, but rose to $4.45 in November, representing a nearly 800% increase amid the booming cryptocurrency market.
However, $TON suffered along with the rest of the cryptocurrency market during the downturn, with the price dropping to $0.80 by June 2022. Despite this, the token experienced a steady climb throughout the rest of 2022 and into 2023 as it acquired more users and strengthened its network infrastructure. During this period, trading volume typically ranged from $25 million to $100 million per day.
Interest in $TON waned in the first half of 2023 after the project's first governance vote, driving the price to $1.20 in early August. Following Telegram's integration, $TON rose to $2.50 and continues to rise. The token has experienced a trading volume of more than $50 million for much of the recent time.
TON Price Predictions
- 2024: TON experienced a year of moderate fluctuations. The minimum price was $1.14, while the maximum reached $3.86. The average price was $2.72. This year marked a 29% increase over the previous year.
- 2025: A significant increase in the price per TON was observed during this year. Prices ranged from $0.95 to $4.24, with an average price of $3.29. There was a 56% increase compared to the previous year.
- 2026: This was another year of strong growth for TON. Prices ranged from $1.02 to $4.78, with an average of $3.76. The increase was 79% compared to the previous year.
- 2027: This year was notable for its sharp price fluctuation. A low of $0.17 and a high of $4.44, with an average of $4.27, were recorded. There was a significant increase of 103%.
- 2028: Continuing the upward trend, TON experienced another year of strong growth. Prices ranged from $0.44 to $4.79, with an average of $4.36, representing a 107% increase over the previous year.
- 2029: A 117% increase was observed compared to the previous year. Prices ranged from $2.24 to $6.82, with an average of $4.57.
- 2030: This was an exceptionally strong year for TON, with a 171% increase compared to the previous year. Prices ranged from $2.33 to $8.03, with an average of $5.69.
- 2031: Continuing its upward trend, TON recorded a 226% increase compared to the previous year. Prices ranged from $1.99 to $8.85, with an average of $6.86.
- 2032: This year marked another year of strong growth for TON, with a 274% increase over the previous year. Prices ranged from $2.99 to $10.84, with an average of $7.86.
