TON price prediction, can it reach $10 by the end of the year?
This altcoin from Ethereum Layer-1 ecology was born in 2018 and plays a pivotal role in the field of cryptocurrency. After being favored by Pantera Capital, a well-known American hedge fund and venture capital institution, Toncoin quickly attracted the attention of investors.
This year alone, Toncoin has achieved an astonishing increase of about 118.11%, successfully ranking among the top ten cryptocurrency market capitalizations. However, the good times did not last long. With the arrest of Telegram CEO Pavel Durov, TON's price suffered a heavy blow.
This series of events can't help but make investors interested in whether Toncoin can achieve its target price of $10. Are you one of them?
TON Price Prediction in October 2024
As the bearish trend of TON price intensifies, the continuous pullback has pulled its value to an important support level. Currently, the price of TON is $5.1848, with an intraday increase of 1.81%.
If Toncoin price drops below $5.155, it could retest the low of $4.035. On the upside, if the broader market recovers, TON price could rise to $7.680.
If the Ethereum-based project is able to release major updates or announce a partnership with heavyweight investment institutions such as Pantera Capital, TON price could hit a high of $10.20 this year.
However, things tend to develop in both directions. If faced with stricter regulatory policies or bearish market sentiment, the price of this Layer-1 altcoin could fall sharply to a low of $4.12. In such a scenario, the average price of this first-layer altcoin could fall back to around $6.16.
Toncoin Price Prediction 2025
This year is predicted to be a bull market, and the price of TON may see more adoption. This could lead Toncoin to a new high of $16.65.
On the contrary, if there is a bearish reversal, TON coin price may fall to $7.26. As a result, the average trading price of the altcoin may drop to $12.95.
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