What is Toncoin?
Toncoin is the native currency of The Open Network (TON), a fast and scalable blockchain initially developed by the Telegram team. Although Telegram had to backtrack on the project after a legal battle with the U.S. SEC, the community continued to develop it, and today it is being re-embraced by Telegram as an integrated payment network within the app.
Reasons for the expectation of an imminent price explosion
1. Official adoption by Telegram
In March 2024, Telegram officially announced the integration of the TON wallet into its application, meaning that over 900 million users can now use TON directly, opening up tremendous opportunities for the currency's adoption.
2. Growth in on-chain activity
TON is witnessing a significant rise in daily transactions and the number of active wallets, with the launch of many decentralized applications (dApps) and games on the network, adding actual use cases for the currency.
3. Strong community support and marketing
The community around TON is very active, and media partnerships through Telegram and Web 3 enhance TON's position as one of the major upcoming players in the market.
4. Scarcity of supply and low inflation
Unlike many currencies, TON has a relatively low inflation schedule, making it scarcer over time, which is a factor that typically contributes to price increases.