Toncoin (TON) is the native token of the first-level blockchain The Open Network (TON), originally developed by the Telegram team. The platform is focused on high scalability, fast transactions, and integration with Telegram (1 billion users), supporting DeFi, games, NFTs, and dApps. After regulatory issues in 2020, the project transitioned to independent developers under the management of TON Foundation.
- Price (June 10, 2025): ~$3.16–$3.22.
- Market capitalization: ~$7.5–$8 billion (10–12th place).
- Trading volume (24h): ~$200–$300 million, down from the peaks in November 2024.
- News:
- Network on TON: On June 1, 2025, the network experienced a 40-minute outage due to an error in the masterchain, quickly resolved.
- NFT volumes: Pavel Durov stated that TON is the #1 or #2 blockchain for daily NFT trading volumes (after Ethereum).
- Tether Gold: Launch of XAUt0 (gold stablecoin) on TON in collaboration with USDT0.
- TON Factory: Broxus launched a platform for scaling dApps with a throughput of 35,000 TPS.
- Payments: Appointment of former Visa Vice President Nikola Plecasa to develop payment strategy.
Technical analysis
- Current situation: The price of TON dropped by 6% on May 30, but recovered to $3.16–$3.22. A symmetrical triangle has formed on the 4-hour chart, indicating a potential breakout.
- Key levels:
- Support: $3.10–$3.17 (lower boundary of the triangle).
- Resistance: $3.44–$3.50, then $4.55 on a bullish breakout.
- Indicators:
- RSI (4-hour): ~49.37, neutral, with increasing bullish momentum.
- MACD: Approaching a bullish crossover, supporting the likelihood of an increase.
- SMA: Price around the 50-day SMA ($3.20), above the 200-day (~$2.80).
- Volumes: Decrease after volatility in May, but support at $3.17–$3.18 holds.
- Chart: Symmetrical triangle on the 4-hour chart with a possible breakout upwards. See on TradingView (TON/USDT) or CoinMarketCap.
Fundamental factors
- Positive:
- Integration with Telegram and the launch of TON Factory strengthen the dApps ecosystem.
- High NFT volumes and new stablecoins (XAUt0, tsUSDe) increase utility.
- Appointment of Plecasa signals a focus on payments.
- Risks:
- Recurrent network failures (June 2025, August 2024) raise questions about stability.
- Competition with Solana and Sui in high-performance blockchains.
- Dependence on Telegram may create regulatory risks.
Recommendations
- Traders: Buy when holding $3.17 (target $3.50–$4.55, stop-loss $3.00). Sell on a break below $3.10 (target $1.80–$1.90).
- Investors: Growth potential exists due to Telegram and dApps, but consider network failures. Await news on payments and NFTs.
- Monitoring: Follow X (@tonfoundation, @TheOpenNetwork) and charts on TradingView.
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