In the past two months, the cryptocurrency industry has been soaring. However, it has not affected all assets. The currency that seems to have stopped its explosive growth is Toncoin, although it is still expected to reach $20 by 2025. Now traders face the most critical question: when? Toncoin is the native cryptocurrency of The Open Network (TON), developed by the messaging app Telegram. The connection of the token to this app played a significant role in its growth earlier this year. Despite a slight regression, as the calendar approaches the new year, the asset is set to experience significant events.
Is Toncoin expected to soar to $20? TON is expected to stir things up in 2025.
The importance of this year for the cryptocurrency industry is undeniable. With Donald Trump set to become the first president in history to support cryptocurrency, the entire market is soaring. In fact, Bitcoin has led this trend, as the token has reached a six-figure price for the first time in its history.
However, the upward trend of BTC has not proven to benefit all boats. Despite the surge in the prices of many tokens in recent weeks, the situation has not been smooth sailing. With Toncoin's decline in recent weeks, questions have been raised about the goal of reaching $20 for TON sometime in 2025.
According to CoinMarketCap, Toncoin has fallen by over 4.2% in the past 24 hours. This decline has caused the asset to drop below the support level of $6.1. However, this cryptocurrency is still up 171% over the past year. Additionally, it is expected to return to an upward trajectory by the beginning of next year.
According to data from the price prediction platform CoinCodex, TON is expected to far exceed its historical high of $8 by the beginning of next year. Specifically, analysts predict that Toncoin will reach a record price of $28 in January 2025. This increase will be 382% higher than the current forecast. However, they also predict that this will be the asset's annual peak price. In fact, they expect that the asset will not challenge the $20 mark after May of next year.
In the past two months, the cryptocurrency industry has been soaring. However, it has not affected all assets. The currency that seems to have stopped its explosive growth is Toncoin, although it is still expected to reach $20 by 2025. Now traders face the most critical question: when?
Toncoin is the native cryptocurrency of The Open Network (TON), developed by the messaging app Telegram. The connection of the token to this app played a significant role in its growth earlier this year. Despite a slight regression, as the calendar approaches the new year, the asset is set to experience significant events.
Is Toncoin expected to soar to $20? TON is expected to stir things up in 2025.
The importance of this year for the cryptocurrency industry is undeniable. With Donald Trump set to become the first president in history to support cryptocurrency, the entire market is soaring. In fact, Bitcoin has led this trend, as the token has reached a six-figure price for the first time in its history.
However, the upward trend of BTC has not proven to benefit all boats. Despite the surge in the prices of many tokens in recent weeks, the situation has not been smooth sailing. With Toncoin's decline in recent weeks, questions have been raised about the goal of reaching $20 for TON sometime in 2025.
According to CoinMarketCap, Toncoin has fallen by over 4.2% in the past 24 hours. This decline has caused the asset to drop below the support level of $6.1. However, this cryptocurrency is still up 171% over the past year. Additionally, it is expected to return to an upward trajectory by the beginning of next year.
According to data from the price prediction platform CoinCodex, TON is expected to far exceed its historical high of $8 by the beginning of next year. Specifically, analysts predict that Toncoin will reach a record price of $28 in January 2025. This increase will be 382% higher than the current forecast. However, they also predict that this will be the asset's annual peak price. In fact, they expect that the asset will not challenge the $20 mark after May of next year.