ton coin price Update, What is 1 ton coin price in India

Ton coin price has never been stable, I think the reason for its fame lies in its price rise.

The Toncoin (TON) cryptocurrency is one of the new crypto projects, at the origins of which is a team of crypto enthusiasts led by brothers Nikolai and Pavel Durov, creators of the Telegram messenger. TON, short for The Open Network, which is translated from English as an open network. This is a project that is gaining popularity, which even investors far from the crypto world could have heard about.

 

ton coin price Current – TON 

In this article, we will take a detailed look at what it is, who is behind it, where all the fuss around the TON coin comes from, and what its prospects are.

• History of TON creation.
• Details of the TON project.
• Popularity of TON coin.
• Prospects of TON coin.
• Technical analysis of TON coin.
• Where to buy TON coin and in which wallets to store it.

a brief History of TON creation

There is an opinion that the founder of Telegram Pavel Durov is behind the development of TON coin. And to some extent, this is true. In 2018, he and his brother Nikolai Durov planned to launch their own blockchain-based platform for decentralized applications (dApps) called Ton, which was supposed to partially solve the problem of monetization of the popular messenger. The main cryptocurrency of the project was to be the Gram coin, which would be used to pay for applications and services, support authors, subscriptions, etc.

The project attracted a lot of public attention, the ICO (initial coin offering) was successfully held, and preparations for the main launch were actively underway. But in 2019, the US Securities and Exchange Commission (SEC)recognized Gram coins as securities. That is, their issue had to be registered according to securities rules for it to be legal. Since this was not done, the court banned the listing of the corresponding tokens, and in May 2020, the Durovs announced the closure of the project. Subsequently, the developments of the almost finished project were transferred to the developer community. here we will also discuss TON coin price and its ups down market.in India 1 ton coin price also a part of our discussion.

 

The developer community continued to develop the project – thanks to the open source code, a new network was launched by several independent developer groups called The Open Network and its own token TON coin. Of the several groups, the main one became one with the main developers in the person of Anatoly Makosov and Kirill Emelyanenko with the TON Foundation community (formerly NewTON).

At the moment, TON is an open decentralized blockchain platform with several key developers, which is being developed by a community of programmers, managers, designers, etc. All of them are interested in the development of the project and make their contribution.

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a Short TON Project Details

The initial idea of ​​the project was not to create a new cryptocurrency, but to create a technology that would become a new generation network, the “New Internet”, by its properties. With a cheap and fast blockchain that is capable of infinite scaling, with the ability to combine other blockchains into a single decentralized global network. The original detailed technical document “White paper” written by Nikolai Durov describes the basis of the technology that would make it possible to implement all of this. And the current developers are building the network based on this and other original documents.

In addition to the main idea of ​​the project to unify the blockchain, TON also presents many other functions, including decentralized data storage, a blockchain-based domain name system (analogous to DNS), a platform for making transactions, its own unique blockchain and the TON coin.

ton coin price in India

Here we should immediately note that the TON coin price, like the rate of other cryptocurrencies, depends on macroeconomic trends, the Fed’s rhetoric, Bitcoin dynamics, etc. Of course, users and the blockchain’s ability to expand play an important role. And the project should be fine with these two indicators: expansion is technically possible, and the project has gained quite an impressive number of users in 2022. The number of network addresses has increased to 1.4 million (128 thousand at the beginning of the year), and users tracking social networks to 2 million (600 thousand at the beginning of 2022).

The sharp jumps in the price of TON coin can be traced on the chart below. In a few days, the price rose by 40-80%..

Let’s separately consider the pros and cons of the project from the point of view of including TON coin price in your investment portfolio.

Pros:

1. A strong foundation of the project with founders in the person of the Durov brothers and Telegram.
2. A real, promising idea with a concrete plan and goals. Not a meme coin like Dogecoin , but a global technology with global plans.
3. A large, growing ecosystem that includes all the major blockchain tools. The ability for these tools to interact with each other both within the main blockchain and beyond it, with the regular Internet and other blockchains.
4. Popularity of the coin and the project as a whole: TON has been one of the most discussed projects lately due to the famous name of its creators, the scandal with the SEC, the idea of ​​creating a new Internet and a huge advertising campaign. All this attracts new users.
5. Diverse use of the token. Already now, TON coin is used to pay for various goods and services (DNS, NFT, Proxy, applications, etc.), and not just staking. Over time, the possibilities of using the token will only expand.
6. TON is a fully decentralized, open-source project. This makes it transparent and increases trust in the entire ecosystem.

Cons:

1. Damaged reputation: SEC lawsuits, pumps due to loud advertising and rumors about the patronage of the project by a person in the shadows due to a huge budget, false rumors about the ownership of more than 90% of the coins by one user. All this casts a shadow and makes one wary, although these are unconfirmed or already refuted rumors. Thus, owning the main share of a specific cryptocurrency destroys the very idea of ​​decentralization: firstly, in this case, one person or a small group of people can independently make the decisions they need without taking into account the opinion of the community, and secondly, this gives freedom to price manipulation – owners can sell most of their coins, as a result of which the rate of this cryptocurrency will collapse. In the case of TON coin, one of the project developers, Anatoly Makosov, personally denied these rumors. According to the statistics of project observers, the largest wallet contains 36.58% of the coins.
2. Strong advertising and popularity of the project are not only a plus, but also a minus – because of this, the price of the token has repeatedly risen sharply, which could potentially lead to a bubble .
3. Difficulty in determining the fair value of the coin. This disadvantage is typical for almost all cryptocurrencies. There are no clear multipliers for determining the fundamental justified price.

Where to buy TON coin and on which wallets to store it

At the moment, TON coin is available for purchase on many centralized and decentralized crypto exchanges : Huobi Global, FTX, KuCoin, Uniswap (V3), Gate.io, OKX, LBank, MEXC, EXMO, CoinEx, Biswap, BitMart, Nomiswap, BitoPro, ACE, DigiFinex, Tidex, Unocoin, Bit.com, BingX, and HitBTC. Note that TON coin is not traded on Binance. A potential listing on this exchange may attract additional interest in the coin.

Also note that TON coin is integrated with Telegram, and you can buy the coin directly through it in the @wallet and @cryptobot bots. Buying through them will be most convenient. There are 2 official bridges for transferring cryptocurrency to other networks: Ethereum and BNB Chain.

Wallets for storing TON coin:

• Tonkeeper,
• Tonhub,
• Ton Wallet,
• SafePal,
• Coin98 Wallet,
• MyTonWallet,
• OpenMask.

When purchasing via Telegram, storage is available in the same @wallet and @cryptobot bots. And when transferring via bridges, the wrapped TON coin Price (a token transferred from one blockchain to another) can be stored on MetaMask or Binance Chain Wallet.

One of the few tools for predicting the price of cryptocurrency is technical analysis. Therefore, it is always advisable to look at the chart before buying or selling.

Here we see that the coin is trading at the lower boundary of its price ascending channel. This line is quite a strong support. In addition, it can be noted that the 50-day moving average (EMA, red line) is both a strong support and resistance for the token. Therefore, if the trend line is broken downwards, the next barrier for the price will be the 50-day EMA and a strong support level in the region of $ 2.14.

If we talk about growth prospects, then it is worth paying attention to the level of $2.33 and $2.66. In any case, it is initially worth following the leaders of the cryptocurrency market, Bitcoin and Ethereum .

Conclusion

TON is a really loud project with a loud history. But behind it there is real functionality and an idea with a potentially breakthrough technology. The authors strive to change the usual Internet, combining it with blockchains, providing the user with a convenient solution for interacting with them. New tools are systematically introduced, new functionality is deployed and the number of users increases. It would seem that all the conditions for the implementation of a promising project and further growth of the coin are met. But it is worth remembering the high risks of cryptocurrency , its high volatility, the nuances of a particular project as a whole.

Investing in cryptocurrency, like traditional investing in organized stock market instruments, has the same principles:

• Compliance with the diversification rule  – investing not in one cryptocurrency, but in several.
• Pinpoint selection – it is necessary to conduct a detailed analysis of the cryptocurrency, its differences and advantages from other traditional crypto projects, the scope of its use, and make a forecast of its prospects.
• Investment protection. Cryptocurrency is an extremely risky asset , so the balance of risk and profitability can only be maintained by having a large share of protective instruments in the investment portfolio.