TONCOIN, driven by the popularity of Telegram games and strong blockchain performance, is projected to hit $50 by the end of 2024.
The TON blockchain is quickly rising, and its token price is climbing with it. It first gained attention through popular tap-to-earn games like Notcoin and Hamster Kombat, which are linked to Telegram. These games have increased Telegram’s users and sparked strong interest in TON. But is this only the start?
These Telegram-based apps use the Telegram Open Network (TON), which has caused a big increase in blockchain use. According to Artemis data, TON’s daily transactions have far exceeded Ethereum’s and are still growing. On July 17, TON had 4.9 million transactions, while Ethereum had 1.2 million. TTON has significantly more daily active addresses than Ethereum. It also outperforms Ethereum’s Layer 2 solutions, such as Arbitrum, Base, and Optimism, in daily transactions.
TONCOIN’s Price Surge and Market Dynamics
The growing popularity of TON-based games explains the rise in its token price. Compared to Bitcoin, TON has performed better. On March 14, Bitcoin hit a new high but then dropped nearly 27%, losing $20,000. In contrast, from March 14 to April 11, TON surged by 102%. Currently, TON is close to its all-time high at $7.3. Despite some price corrections, TON’s value keeps increasing. Since February 24, TON has gone up by 310%, while Bitcoin has only risen by 22%. Although TON’s price is lower than Bitcoin’s, its steady increase contrasts with Bitcoin’s more erratic trend. If TON keeps up its current growth, it could reach $35-$40 by the end of the year. With new features and the growing popularity of games like Hamster Kombat and Notcoin, its price might even hit $50.
The latest updates on Telegram indicate it’s becoming an all-in-one app. Besides messaging, calling, video streaming, groups, and supergroups, Telegram now has mini-apps. With almost 1 billion users, Telegram’s growth is supported by its massive base. The addition of crypto-based games is likely to keep users engaged and push the token’s price even higher.
Conclusion
In conclusion, the rise of the TON blockchain is more than just a passing trend. It reflects its strong ecosystem and strategic moves within Telegram. As Telegram-based games grow and the TON blockchain becomes more useful, TONCOIN has a promising future and could reach $50 by the end of 2024.
FAQs: TONCOIN Poised to Reach $50 by 2024
1. What is TONCOIN and why is it expected to reach $50 by the end of 2024?
- TONCOIN is the native token of the Telegram Open Network (TON). It’s expected to reach $50 by the end of 2024 due to its growing popularity, particularly through games on Telegram, and its strong blockchain performance.
2. How has the popularity of Telegram games influenced TONCOIN’s price?
- The popularity of games like Notcoin and Hamster Kombat on Telegram has significantly increased interest in TONCOIN, contributing to its rising value. These games have boosted Telegram’s user base and driven up demand for TONCOIN.
3. How does the TON blockchain’s performance compare to Ethereum?
- The TON blockchain has outperformed Ethereum in terms of daily transactions. As of July 17, TON recorded 4.9 million transactions compared to Ethereum’s 1.2 million. Additionally, TON has more daily active addresses and surpasses Ethereum’s Layer 2 solutions in daily transactions.
4. What recent trends have contributed to TONCOIN’s price surge?
- TONCOIN’s price surge can be attributed to the success of Telegram-based games and a strong blockchain performance. From March 14 to April 11, TONCOIN surged by 102%, while Bitcoin, in comparison, experienced a drop after hitting a new high.
5. What are the future prospects for TONCOIN?
- Given its current growth trajectory and the increasing popularity of Telegram-based apps and games, TONCOIN has a strong chance of reaching $35-$40 by the end of the year. If trends continue and new features are introduced, its price might even hit $50.
6. How is Telegram evolving and how does this affect TONCOIN?
- Telegram is evolving into an all-in-one app, offering not just messaging and calling but also mini-apps and crypto-based games. This evolution supports the growth of TONCOIN by engaging a larger user base and integrating more features into the platform.
7. What should investors consider about TONCOIN’s growth?
- Investors should consider TONCOIN’s robust ecosystem, increasing daily transactions, and the growing user base of Telegram-based games. These factors indicate a strong potential for continued growth and value increase.
