Toncoin, one of the leading crypto tokens, has always carved a unique price trajectory for itself. Per CoinMarketcap, Ton Token has recently flipped Cardano to enter the top 10 crypto realm, beating ADA out of the race to trend at the coveted 9th position on the roster.
Also Read: Can XRP ETF Hype Push Ripple’s Price To Breach $0.75 in June?
Toncoin: What Makes It Unique
Toncoin describes itself as a blockchain that is an open-source entity, boasting the support of several contributors, including the Swiss-based NGO The Ton Foundation.
One of Toncoin’s most notable price achievements would be the token’s integration with Telegram, the instant messenger app on Android. Telegram had recently expanded on the said partnership by including Toncoin in its revenue ad offering, expanding Toncoin’s utility to a whole new level.
“To make this possible, we’re introducing a new type of ad, which users can purchase with Toncoins, a cryptocurrency powered by the TON Blockchain. We chose the TON Blockchain because it has low fees, high transaction speeds, and holds a record for the number of transactions it can process per second.”
The token has often been advocated publicly by Telegram’s CEO Pavel Durov, which has contributed significantly to helping Ton ascend to new price highs.
Ton Price Forecast: Is the $10 On Cards For Ton This June?
According to CoinCodex, Toncoin is aiming for a spectacular price ascent in June. The token is currently trading at the $6 price level. Per CC, the token can easily breach past critical price levels to trade at an all-new high in June.
The platform further predicts the token to surge by 40% to trade at the $9 price threshold by June 5, 2024.
Also Read: US Dollar Dump: India & China To Trade With Maldives In Local Currency
“The Toncoin price forecast for the next 30 days is a projection based on the positive and negative trends. Based on these, TON will be changing hands at $9.59 on June 5, 2024, gaining 48.29% in the process.”
Similarly, by June 28, 2024, Toncoin is expected to surge by 200% to trade at the $21 price level.
“According to our current Toncoin price prediction. The price of Toncoin is predicted to rise by 226.84% and reach $21.13 by June 28, 2024. Per our technical indicators, the current sentiment is bullish. While the Fear & Greed Index is showing 72 (greed). Toncoin recorded 16/30 (53%) green days with 9.61% price volatility over the last 30 days.”