Jasmine Birtles
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Current TON Value in USD: Updates and Forecasts
Moneymagpie Team
28th Nov 2024
The Open Network, or TON, is a decentralized blockchain created by Nikolai Durov. The same person created Telegram social media, and the initial idea was for this network to have its own cryptocurrency. In 2020, US regulators issued an injunction, and Telegram left the project.
Today, the TON Foundation is behind the platform. Despite that, it still maintains strong connections with Telegram, and it’s available on this social messaging app. TON is a blockchain that supports smart contracts and allows the building of decentralized apps. Toncoin, the native currency, serves to settle transactions and for in-app purchases. It’s easy to check the current TON to USD rate, and it’s worth noting the currency takes 12th place in the overall crypto rankings.
What does the future hold for Toncoin and The Open Network? Our article discusses its current and historical pricing, along with factors that shape the coin’s value.
- 5 Main Factors Shaping TON’s Value Against the Dollar
- Historical Price Patterns of The Open Network: Clues for 2025
- Predictions for TON to USD in 2025
5 Main Factors Shaping TON’s Value Against the Dollar
The primary elements that influence the value of TON in US dollars are market supply and demand, relevant regulations, and technological progress. Here’s a detailed overview of the main factors shaping TON’s worth against USD.
1. Market Demand and Supply Dynamics
Toncoin has an infinite maximum supply. At this moment, about 50% of the total supply of 5.12 billion tokens is in circulation. Supply and demand are relative categories that depend on market sentiment and other factors. Institutional investors who make large investments could create increased demand. The same applies to news regarding the platform, which could have both positive and negative effects.
If the crypto market is booming, the demand for TON could also increase, which would result in a price boost. On the other hand, there might be too many Toncoins in circulation at some point. If there isn’t enough demand, that will knock down the coin’s value.
2. Blockchain Innovations and Network Upgrades
Technological innovations are a vital factor in determining the price of crypto coins. If the developers announce an important upgrade, that could create hype. Investors might react by acquiring the currency immediately, hoping its value would skyrocket in the future. That reaction leads to short-term demand and price increases.
Another essential event occurs when a technological innovation is implemented. That means the developers succeeded in releasing a vital update. It should have a positive effect on the currency. TON Foundation keeps working on network upgrades. The idea is to enhance smart contracts and other utilities to ensure the coin is more competitive and adaptable.
3. Macroeconomic Indicators and Global Policies
The US dollar is the most-traded currency worldwide and one of the ten highest-valued fiat currencies. It’s no wonder it has the power to affect the global financial market, including cryptocurrencies. Interest rates, inflation, unemployment rates, and GDP growth all affect the national economy. Global economic policies are also variable. All this can have an effect on crypto investments, including the demand for TON coins.
4. Regulatory and Legislative Changes
The mood toward cryptocurrencies is different worldwide. For example, many believe that the newly-elected President of the US, Donald Trump, intends to make America crypto-friendly. This is why the crypto market experienced a boom after the election. It’s also an indicator of how significant an effect the USA and the US dollar can have on the crypto market.
Things are different in other countries. Some have banned cryptocurrencies altogether, while others issue digital assets with central banks behind the currency. TON and other cryptos react to any legislative and regulatory changes, so it’s important to monitor news in this category.
5. Adoption of TON by Major Organizations
Although it’s not official anymore, TON is still strongly connected to Telegram. You can use Toncoin within the app to gain various benefits, such as in-game purchases. TON also lists other companies as strategic partners. The names include but aren’t limited to Bybit, Cumberland, BitGo, Pantera, and Kingsway Capital. Every time a major organization or institution partners with TON, that has a positive effect on the currency’s value.
Historical Price Patterns of The Open Network: Clues for 2025
TON used one of the latest booms of Bitcoin to flourish and gain a new all-time high in July 2024. It was $8.24, but in the last few months, the value dropped to today’s $5.5. Overall, during the year, there has been a noticeable growth trend. That indicates the historical price patterns have been favorable toward TON.
Impact of TON’s Initial Token Distribution and Investor Behavior
TON conducted the initial coin offering, which collected over $1.7 billion. During this first part of distributing Toncoins, there was also a private sale. Statistics show that 98.55% of five billion tokens were pre-mined by miners who had a connection to the TON Foundation. Network governance decided via voting to freeze over one billion Toncoins for two years.
All the actions taken then were with the goal of contributing to the coin’s scarcity. Investor behavior was largely favorable toward TON, primarily because it had strong connections to Telegram. Telegram already had an established reputation, and The Open Network benefited from that.
Introduction of Staking or Yield-Generating Features in TON
TON implemented the proof-of-stake consensus mechanism with the goal of allowing staking coins on the network. The idea was to incentivize users to become validators and pursue profit via interest. They’d lock up Toncoins for a while and generate earnings once the agreed time passed.
Staking and yield-generating have the power to decrease circulating supply and promote long-term investments. The demand could go up with the supply remaining scarce, driving the coin price up.
Predictions for TON to USD in 2025
Expert predictions for TON strongly vary, mainly if you focus on 2025. Cautious investors warn that Toncoin might lose some value and be between $3.43 and $4.14 the following year. Optimistic forecasts, however, indicate that TON will go up from the start of 2025. Its value could be anywhere from $8.9 to $20.90 throughout the year.
Long-term forecasts are much more favorable. Predictions expect strong growth for TON until the end of the decade, just like for the entire crypto market. If the economic trends remain favorable for the industry and we keep seeing technological innovations, there’s no doubt that the crypto market will keep growing in the years to come.
The Open Network, or TON, is a decentralized blockchain created by Nikolai Durov. The same person created Telegram social media, and the initial idea was for this network to have its own cryptocurrency. In 2020, US regulators issued an injunction, and Telegram left the project.
Today, the TON Foundation is behind the platform. Despite that, it still maintains strong connections with Telegram, and it’s available on this social messaging app. TON is a blockchain that supports smart contracts and allows the building of decentralized apps. Toncoin, the native currency, serves to settle transactions and for in-app purchases. It’s easy to check the current TON to USD rate, and it’s worth noting the currency takes 12th place in the overall crypto rankings.
What does the future hold for Toncoin and The Open Network? Our article discusses its current and historical pricing, along with factors that shape the coin’s value.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.
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