The cryptocurrency market cap went from $0 in 2011 to $3 trillion in 2024, and while predicting the exact crypto market cap for 2025 is challenging, the new year will most likely set the stage for a significant bull market. Bitcoin is expected to cross $150,000 over the coming months. In the years following Bitcoin’s launch, many didn’t fully understand its underlying mechanism, blockchain technology, and were often reluctant to allocate their time and energy to learn about cryptocurrencies as they had paper dollars in their pockets. Cryptocurrency is now an investible asset class. Above all, it’s a symbol of a larger movement for economic equality and accessibility, bringing out a new order in the sphere of digital currency. Bitcoin is the most widely traded cryptocurrency, but there are thousands of alternative coins built on different blockchain networks.
Altcoins can be made from scratch or forked from an existing code. Forks typically occur when developers disagree on a platform’s direction and alter the source code to initiate a separate chain. Many altcoins transcend Bitcoin’s flaws and limitations or achieve an alternative goal. Toncoin, the native token of The Open Network, is essential for users and developers alike because it enables access to various dApps and services, including decentralized browsing. The Toncoin value is a subject that captures the attention of both traders and investors, and it’s shaped by a wide range of variables. Cryptocurrency exchanges and financial platforms can provide up-to-date information.
Toncoin Was Developed By The Team Behind Telegram, The Popular Messaging App
Toncoin is an integral part of The Open Network and is inextricably linked to it. The Open Network, TON for short, is a blockchain platform designed to ensure exceptional transaction speed, over 100,000 transactions per second across 256 validators, but its journey hasn’t been without challenges. TON was developed by Nikolai and Pavel Durov, the founders of the Telegram messenger, and was later transferred to the dedicated community of developers and enthusiasts due to legal complications. Telegram originally conducted an ICO for Gram, sold only to accredited investors, but it faced regulatory scrutiny from the SEC, agreeing to pay an $18.5 million fine. Investors were offered various compensation options.
The blockchain project’s open-source nature made it possible for the TON Foundation to take control of the situation, rebranding it as Free TON and later simply The Open Network. Telegram officially ended its involvement in The Open Network in mid-May 2020, refusing to develop applications or features for the digitally distributed, decentralized, public ledger. As a matter of fact, it’s impossible for Telegram to do so. External software developers and others can contribute to the TON ecosystem through the development of smart contracts and applications. USDT, the world’s largest stablecoin, recently launched on TON to enhance global payments.
How Many Toncoins Are There In Circulation? What Is Toncoin’s Market Cap?
In June 2020, Toncoin became available for mining, therefore allowing cryptocurrency enthusiasts to build their portfolios steadily and avoid risk trading behaviors. By June 2022, the direct mining of Toncoin ceased, which means that new Toncoins will only enter circulation via PoS validators, who lock up some of their funds via staking. The TON ecosystem has nominators to maintain network security and efficiency, which limits accessibility for larger institutions that manage staking services for numerous clients. It’s necessary to distribute stakes manually across multiple pools, which impacts the final yield. Anyone can become a validator and receive Toncoin as a reward for actively participating and operating a secure network.
The current market capitalization of Toncoin is $ 14.49 billion, which means that it’s highly valued by the cryptocurrency market and has the potential for long-term growth. The Proof of Stake consensus algorithm, smart contract functionalities, and sharding technology give Toncoin a competitive advantage, so it doesn’t come as a surprise it’s become a favorite of retail and institutional investors. Toncoin is listed on multiple cryptocurrency exchanges. You can deposit fiat currency or use a payment method like a credit card or PayPal. Cryptocurrency exchanges have the same features as their brokerage counterparts, offering market and limit orders, as well as stop-loss orders.
A Variety Of Factors Can Affect The Price Of Toncoin And Traders’ Goals
As is often the case with cryptocurrency, Toncoin sees dramatic upward and downward price swings over short time frames, and this volatility is part of its appeal, as it creates the opportunity for high returns. Toncoin’s price is primarily affected by:
- Its utility in The Open Network: Toncoin was designed to fuel dApps within the TON ecosystem, such as wallets, DEXs, NFT marketplaces, etc. It can also be used to pay transaction processing fees and cross-chain transaction fees, guaranteeing the seamless operation of the blockchain. The list of use cases also includes payment for TON domains.
- Market sentiment: The overall attitude or emotional tone of traders and investors regarding advances in the TON ecosystem is yet another factor affecting Toncoin’s price. If the market sentiment is bullish, individuals decide to follow others, which leads to an increase in price. By contrast, if the market sentiment is bearish, most traders and investors expect a downward price movement.
- Other factors: Regulatory developments and macroeconomic elements shape Toncoin’s value. Donald Trump’s election win may be good for cryptocurrency, as the new administration can bring clarity to the regulatory landscape, but the outcome depends on whether the president-elect will stick to his promises.
Based on Toncoin’s historical performance, the price of the cryptocurrency could reach $10 by 2025, but you should take the prediction with a good dose of skepticism.
Conclusion
Toncoin could become a core digital asset in the world of decentralized finance, but its future depends on continued innovation and the expansion of use cases within the TON ecosystem created by the community using the technology designed by Telegram. The coin is considered a medium-risk investment, so even if it’s more volatile than large-cap cryptocurrencies, Toncoin has untapped potential and can deliver high returns. It’s essential to remain cautious and well-informed to stay up to date with market trends, regulatory developments, and security measures. Your investment decisions should be based on your risk tolerance, financial status, and time horizon.
Last but certainly not least, please note that this article is for educational purposes. This isn’t financial advice.
