By the end of 2024, TON's price could peak at $10.20.
Projections suggest $TON could hit $46.77 by 2030.
Launched in 2018 as a Layer-1 altcoin based on Ethereum, Toncoin has become a prominent player in the crypto space, especially after securing investment from Pantera Capital, a major hedge fund in the U.S.
Toncoin has seen impressive growth, with its value surging by 118.11% this year, placing it among the top 10 cryptocurrencies by market cap. However, the arrest of Telegram's CEO, Pavel Durov, has impacted the coin's price, raising questions about whether it can still reach the $10 milestone. Let’s dive into the possible price trajectory of Toncoin from 2024 to 2030.
Toncoin Price Prediction for October 2024
Currently, amid a bearish trend, TON is trading at $5.045, with a 3.21% intraday drop. If TON dips below $5.155, it may retest its low of $4.035. On the other hand, if market conditions improve, TON could climb to $7.680.
October Forecast:
Low: $4.035
Average: $5.857
High: $7.680
Toncoin Price Prediction for 2024
Significant updates or collaborations, such as those with Pantera Capital, could push TON to a high of $10.20. However, bearish action could cause it to drop to $4.12, with an average price of $6.16 for the year.
2024 Forecast:
Low: $4.12
Average: $6.16
High: $10.20
Toncoin Price Prediction for 2025
If adoption increases, TON could hit a new all-time high (ATH) of $16.65 in 2025. A bearish reversal could drop the price to $7.26, with an average of $12.95.
2025 Forecast:
Low: $7.26
Average: $12.95
High: $16.65
Toncoin Price Predictions for 2026-2030
The forecast shows steady growth for TON over the next several years, with prices ranging from $13.59 in 2026 to as high as $46.77 in 2030.
2026-2030 Forecast:
2026: Low - $13.59 | High - $22.08 | Average - $17.83
2027: Low - $17.55 | High - $28.84 | Average - $23.19
2028: Low - $24.69 | High - $34.19 | Average - $29.44
2029: Low - $30.21 | High - $40.63 | Average - $35.42
2030: Low - $35.99 | High - $46.77 | Average - $41.38
Market Sentiments and Conclusion
Toncoin has remained under bullish pressure, performing well in both short and long time frames. Coinpedia’s prediction suggests that, if the market rallies, TON could close 2024 at $10.20. However, a bearish downturn might bring it down to $4.12, with an average of $6.16.
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