Backed by Telegram's 900 million monthly active users, the $TON ecosystem has been favored by investors from last year to this year.
First, TON has been rising since the end of February this year, with a 4-fold increase. Its market value has directly reached 18.9 billion US dollars, ranking 8th. The TVL of the entire TON ecosystem has also grown rapidly, increasing by more than 6 times in just four months. In the recent falling market environment, TON has been little affected and is still rising. The entire ecosystem is very prosperous and is favored by many institutions.
However, the price of TON token has been tepid recently, and it still cannot compete with the SoL ecosystem. Crypto analysts predict that by the end of summer 2024, the price of TON will be around $10.11. In August 2024, the price of TON tokens may drop to a minimum of $10.29. The peak is expected to be $9.93 in August 2024.
Finally, I feel that the price of ton coin has been suppressed by something. Good things take time. The same is true for holding coins. Use time to exchange for profits, buy in batches! Wait for the flowers to bloom. $TON This is my personal opinion and does not constitute investment advice!
