atoz_crypto

Toncoin (TON), the native cryptocurrency of the decentralized Open Network (TON), has seen growing interest since its inception. With strong backing from Telegram’s founders and a rapidly expanding ecosystem, Toncoin is poised for significant growth in the coming years. In this article, we’ll explore Toncoin’s potential price trajectory from 2024 to 2030.

Overview of Toncoin (TON)

Toncoin was originally developed by Telegram’s Pavel and Nikolai Durov, with a vision to create a blockchain that could handle millions of transactions per second. Despite facing setbacks, including regulatory issues with the SEC in 2019, Toncoin has rebounded and continued its development through community-driven efforts. TON uses a proof-of-stake (PoS) consensus and is designed for scalability, with fast transactions and minimal latency.

Toncoin plays a central role in the TON ecosystem, facilitating payments, staking, and governance and supporting decentralized apps, storage, and more. As the adoption of these services grows, demand for Toncoin is expected to increase.

Toncoin Price Prediction 2024

The cryptocurrency market has witnessed strong growth in 2024, and Toncoin has followed suit. At its peak, the price reached $8.24 in June 2024, driven by the overall market rally. With bullish indicators such as strong technical analysis and a favourable market outlook, Toncoin will likely surpass the $10 mark by the end of 2024, provided that market conditions remain positive.

Toncoin Price Prediction 2025-2030

Looking further ahead, Toncoin’s price could experience substantial growth between 2025 and 2030. With increased adoption, strategic partnerships, and technological advancements such as TON Sites, TON DNS, and decentralized file storage, Toncoin’s utility will drive its demand.

2025: As the ecosystem matures and more businesses adopt TON-based services, the price could approach $15–$20.
2026-2027: If Toncoin continues to attract institutional interest and the TON network scales effectively, a price range of $30–$40 is possible.
2028-2030: Should TON maintain its competitive edge and grow significantly in both adoption and technological development, Toncoin could hit $50–$100 by 2030.
Key Factors Influencing Toncoin’s Price

Market Conditions: The broader cryptocurrency market dynamics will play a major role in Toncoin’s price trajectory. Toncoin tends to rise in bull markets and may dip during market corrections.
Adoption: The more developers, businesses, and users integrate Toncoin into their services, the higher the demand for the token.
Technological Developments: Key upgrades and the successful launch of features like TON Sites and TON Payments will enhance Toncoin’s use cases and could propel its value.
Conclusion

Toncoin has strong potential for growth from 2024 to 2030. While short-term volatility is likely, the long-term outlook remains positive due to the project’s innovative technology, solid use cases, and increasing adoption. With strategic partnerships and continuous development, Toncoin could experience a steady upward trajectory in the years ahead.

Cambodia’s Central Bank Approves Compliant Stablecoin Services, Bans Unbacked Assets Like BTC

In the latest development, The National Bank of Cambodia has approved compliant stablecoin services but bans unbacked assets like BTC.
The Central Bank of Cambodia now allows commercial banks and payment institutions to provide services involving Category 1 cryptocurrencies, i.e., backed or stable cryptocurrencies. However, unbacked cryptocurrencies, such as Bitcoin, remain prohibited.
The development was formalized in a prakas issued on December 26 and announced by NBC on December 27 as reported by The Phnom Penh post. The directive aims to regulate operations and businesses involving digital currencies, reflecting the country’s effort to keep pace with global financial innovations.

Under the new directive from the National Bank of Cambodia (NBC), commercial banks and payment institutions must obtain prior approval to offer crypto-related services. Authorized institutions can engage in activities such as exchanging crypto assets for fiat currencies, transferring crypto between accounts, and providing custody services. However, they are explicitly prohibited from using their customers’ crypto assets for their own purposes.
Historically, Cambodia has banned cryptocurrency transactions and trading due to concerns about high risks, including money laundering, fraud, and illicit activities in the black market.

Economic researcher Hong Vanak of the Royal Academy of Cambodia noted the growing global popularity of cryptocurrencies, which are used not only for payments but also traded like stocks due to their highly volatile prices, particularly unbacked cryptocurrencies.
Vanak argued that cryptocurrencies provide limited benefits to Cambodia’s national economy due to their digital and decentralized nature, which makes regulation, taxation, and ownership tracking challenging. However, he acknowledged that commercial banks and institutions offering crypto asset services could generate revenue through user fees.#GMTBurnVote #Crypto2025Trends #XmasCryptoMiracles #BTCXmasOrDip?

The rise in the prices of Bitcoin has lured many investors toward the cryptocurrency market. In this article, we have discussed the reasons to invest and why not to invest in bitcoin.

8 Reasons to Invest in Bitcoin :
1. Appreciating Value:

The value of Bitcoin has increased over time. The graph shows an upward trend since the launch of this cryptocurrency. Very few investments in India have shown this trend in terms of monetary trend.

In June 2009:

Price of 1 BTC = .04736 INR

On Jan 2018:

Price of 1 BTC = 680634.36 INR

The price of bitcoin has increased drastically over the period of time.

2. No Third Parties
Bitcoin is operated as a virtual currency platform. There is no third party involved who has been able to tamper with bitcoins. The databases store every redundant copy of the transaction, an investor is making online.

3. No Tracking
If you are a user of bitcoin and own a wallet. The wallet details such as no. of bitcoins, transactions time, etc cannot be tracked by anybody else. The only exception is when the wallet user voluntarily discloses the wallet address, then only it can be tracked.

4. Flexibility
To transfer the funds or investing money, is still a cumbersome process in many traditional investment products. There is a lot of paperwork required such as Address Proof, Pan card, photos, etc (as part of the KYC Process).

There is no such paperwork required to transact in bitcoins. A user is required to create a wallet and address and also, you can have as many addresses as per the feasibility, there is no limit.

5. Accessibility
Bitcoin is easily accessible to mass as it can be transacted using cryptocurrency online exchanges. These exchanges have made cryptocurrencies easy to use and transact. Not only bitcoin but other cryptocurrencies can also easily be purchased or sold through these exchanges.

6. Based on Advanced Technology
Bitcoin is developed in the aftermath of the 2008 financial crisis in the United States. It is based on blockchain technology which eliminates the need for an intermediary for the transactions.

The users can make transactions among themselves safely without the involvement of traditional banks or any central authority. The transaction is transparent and hence, users bypass the unnecessary fees and delays from banks.

7. Growth Prospects in Future
Advanced technologies have disrupted the marketplace, and digitalization is playing an important role. Bitcoin is built on revolutionary technology and it is expanding rapidly.

We have witnessed how the cryptocurrency market has soared in the year 2017. Most of the organizations including a few international banks have also commented on the acceptance of bitcoin.

8. Being used as a Currency
A majority of people these days are attracted to Bitcoin largely because they hope Bitcoin will turn out to be an excellent investment.

That, however, was not the intended use of the creators of Bitcoin.

Its actual use is as a currency and various places are beginning to accept Bitcoin as tender.

The use of Bitcoin to make payments in return for goods and services is widespread in some countries. One such prominent nation is Japan.

Reasons Why Not to Invest in Bitcoins
1. Unregulated
Bitcoin is not regulated by any authority or regulatory organization. Other investments such as mutual funds, etc are regulated by authority organizations or banks.

If we make transactions from bank accounts or use a credit card, we can reach out to banks in case of any discrepancies. The same is not applicable to bitcoin transactions. It can lead investors in a vulnerable situation in case of defaults.

2. Volatile
The price of bitcoin has shown an upward trend in the past but in recent months it has been extremely volatile.

The price of bitcoin on 11 December 2017 was :

1 Price of 1 BTC = 1377202 INR

The price of bitcoin on 23 January 2018 is :

Price of 1 BTC = 680634.36 INR

The above figures show that it is dropped by almost 50% in value. There is a lack of ecosystem in bitcoin functioning and there is not much to analyze as bitcoin is not backed by any other asset.

People are investing in random speculations as not much information is available in this cryptocurrency market. Many economists have predicted that the high soaring prices of bitcoin may form a bubble and can burst which will impact investments drastically.

3. Not a Legal Tender
The trading of bitcoin is still considered illegal in India. Cryptocurrencies are not recognized by the Reserve Bank of India (RBI). RBI has also stated that it has not provided any license related to the trading of cryptocurrencies.

If investors or users are dealing with bitcoins and other cryptocurrencies they are at their own risk. However, the government is planning to introduce laws to levy income tax on the earnings from cryptocurrencies.

4. No Security
Most investors want to pool their capital in safe and secure investments. The major problem with bitcoin is its uncertainty about the future.

There is always a risk of extreme volatility, cyber attacks in digital transactions, and several others.

5. Prone to Illegal Activities
As bitcoin transaction is not regulated by the government and also there is no trail to entail data about the transactions i.e. users at both ends of transactions remain anonymous in case of bitcoin transactions.

This feature of bitcoin is prone to terrorist usage and illegal activities. Many cases have occurred where the hackers have demanded bitcoins from the users. Even after meeting their demands, most of the users found their data lost in this attack.

6. Rise of Other Cryptocurrencies
The rationale behind the rise in the price of bitcoin over the period of time can be attributed to its leadership in the cryptocurrency marketspace.

Now, it is not the only cryptocurrency based on blockchain technology, there are several other cryptocurrencies evolved in the last few years. Hence, there is no guarantee that bitcoin will be the market leader in the upcoming years.

7. Virtual Appearance
Bitcoin exists only on computers as there is no asset which backs the value of bitcoin. Even paper money, bonds, and certificates can be presented to the RBI or banks to redeem money.

There is no such possibility with bitcoin as it is just a code written on the computer and hence it also more prone to attack from hackers.

8. Comparison with Ponzi Schemes
Due to the operational issues and the dubious nature of this cryptocurrency, many advisors have compared it with the Ponzi schemes.

The rationale behind this comparison is the lack of clarity regarding bitcoin trading.