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TON
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1 TON = 2.07 USD
Last updated 2024-02-23 11:23:50(UTC-0)

Toncoin price live data summary

The live price of Toncoin is $2.07 per (TON / USD) today with a current market cap of $7.18B USD. The 24-hour trading volume is $37.39M USD. TON to USD price is updated in real time. Toncoin is -2.58% in the last 24 hours. It has a circulating supply of 3,467,303,400 .

What is the highest price of TON?

TON has an all-time high (ATH) of $5.84, recorded on 2021-11-12.

What is the lowest price of TON?

TON has an all-time low (ATL) of $0.3906, recorded on 2021-09-20.

When is a good time to buy TON? Should I buy or sell now?

When deciding whether to buy or sell TON, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget TON technical analysis can provide you with a reference for trading.
According to the TON 4h technical analysis, the trading signal is Strong sell.
According to the TON 1d technical analysis, the trading signal is Sell.
According to the TON 1w technical analysis, the trading signal is Neutral.

Toncoin price performance in USD

24h7d30d90d1yAll-time
-2.58%-6.90%-4.08%-13.58%-18.26%--

Toncoin price history in USD

TimeLowHigh
24h$2.06$2.13
7d$2.06$2.3
30d$2.02$2.3
90d$2.02$2.48
1y$1.17$2.76
All-time$0.3906(2021-09-20, 2 years ago )$5.84(2021-11-12, 2 years ago )

Toncoin market information

Market capCombinedShapeIcon
$7,178,125,277.65
-2.58%
Fully diluted market capCombinedShapeIcon
$10,564,636,585.85
-2.58%
Volume (24h)CombinedShapeIcon
$37,388,812.18
-12.14%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+67.00%
24h volume / market capCombinedShapeIcon
0.0052
Circulating supplyCombinedShapeIcon
3,467,303,400 TON
Total supply / Max supplyCombinedShapeIcon
5.1B TON
-- TON
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Toncoin ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Toncoin Social Data

In the last 24 hours, the social media sentiment score for Toncoin was 0, and the social media sentiment towards Toncoin price trend was Bearish. The overall Toncoin social media score was 1,453, which ranks 369 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,240,010 times, with Toncoin being mentioned with a frequency ratio of 0.01%, ranking 132 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Toncoin, with a total of Toncoin mentions of 162. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has decrease by 33%.

On Twitter, there were a total of 3 tweets mentioning Toncoin in the last 24 hours. Among them, 33% are bullish on Toncoin, 0% are bearish on Toncoin, and 67% are neutral on Toncoin.

On Reddit, there were 0 posts mentioning Toncoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Toncoin. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
1.45K(#369)
Social contributors(24h)
0
0%
Social mentions(24h)
162(#132)
-33%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
3
-25%
Twitter sentiment(24h)
Bullish
33%
Neutral
67%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Toncoin(TON)

About The Open Network

The Open Network (TON) is a layer-1 blockchain that aims to transform the cryptocurrency landscape. Founded in 2018 with the name Telegram Open Network, TON firstly started as Gram but evolved into its current form as an open-source project driven by a passionate community of developers and enthusiasts.

The Open Network utilizes the Proof-of-Stake (PoS) consensus model. This model is known for its energy efficiency and scalability, making it a perfect fit for TON's ambitious goals. One of TON's key features is its remarkable transaction speed. In The Open Network, it only takes approximately 5 seconds to generate a new block on each shardchain and the masterchain.

The journey of TON hasn't been without challenges. Originally, Telegram conducted an initial coin offering (ICO) for Gram, but it faced regulatory scrutiny from the Securities and Exchange Commission (SEC). This led to legal battles, and eventually, Telegram had to refund investors and pay hefty penalties. However, the project's open-source nature allowed the TON Foundation to pick up the reins, rebranding it as The Open Network and continuing its development with renewed determination. In 2022, The Open Network launched its mainnet.

Resources

Whitepaper: https://ton.org/whitepaper.pdf

Official website: https://ton.org/

How Does The Open Network Work?

- Scalable Architecture with Sharding: TON boasts a multi-level structure based on the principle of sharding. Sharding involves partitioning the blockchain into multiple subnets known as shards. Each shard has its own unique data and purpose, enabling parallel processing of transactions. This sharding approach significantly reduces latencies, enhances network throughput, and allows TON to handle a massive number of transactions simultaneously.

- Turing Complete Smart Contracts: TON's flexible multi-blockchain platform supports Turing complete smart contracts. These contracts can execute any computation, making TON a versatile ecosystem for building decentralized applications (dApps) and enabling complex interactions within the network.

- Self-Healing Vertical Blockchain Mechanism: To ensure robustness, speed, and consistency, TON employs a self-healing vertical blockchain mechanism. This innovative feature ensures that the network can rapidly recover from any issues and maintain its integrity without requiring centralized interventions.

What Is TON Token?

- Toncoin (TON) - The Native Currency: At the heart of TON is its native cryptocurrency, Toncoin (TON). It plays a crucial role in the ecosystem, acting as a means of payment for transaction fees and staking to secure the network. Toncoin is essential for users and developers alike, as it enables access to various platform services and applications.

Earning Passive Income from Toncoin: TON offers opportunities for participants to earn passive income through two main roles - Validators and Nominators.

- Validators: Validators are responsible for validating transactions and securing the network. To become a validator, individuals need high-performance hardware, high-speed internet, and must stake a substantial amount of Toncoin (currently 600,000 TON). Validators earn interest from validating transactions and maintaining the network's integrity.

- Nominators: Nominators pool their Toncoin assets and lend them to validators, enabling them to earn rewards. The rewards are then distributed among the members of the pool, creating a more accessible way for users to participate and earn passive income, even with smaller amounts of TON.

What Determines Toncoin's Price?

The Toncoin price is a subject that captures the attention of both investors and traders, and rightfully so. Toncoin's current price is shaped by an array of variables, making it essential to understand these driving factors.

Utility in The Open Network (TON)

One of the main elements affecting Toncoin's value is its utility within The Open Network (TON), a Layer 1 blockchain network. The PoS (Proof-of-Stake) consensus model, smart-contract functionalities, and sharding technology give Toncoin a competitive advantage. These technical specs not only have a direct impact on the Toncoin market cap but also hold considerable weight in Toncoin price predictions for 2023 and the years ahead.

Transaction Fees

In addition to utility, transaction fees play a vital role in Toncoin's pricing strategy. Toncoin sets itself apart with a low fee structure, particularly when compared to networks like Ethereum where gas fees can escalate quickly. This aspect positively influences the Toncoin to USD exchange rate and the broader Toncoin USD price.

Market Sentiment

Market sentiment, often swayed by advances in the TON ecosystem and the overall crypto landscape, is another crucial component affecting the Toncoin price today. For example, the launch of decentralized applications (dApps) and services that use Toncoin can lead to increased demand, thereby pushing the Toncoin USD price upwards.

Other Factors

Investor behavior, regulatory developments, and macroeconomic elements also shape Toncoin's value. If you're asking, "How much is Toncoin worth today?" or "Where can I check Toncoin's current price?", numerous cryptocurrency exchanges and financial platforms offer up-to-the-minute data. These platforms can even give you a historical view, helping you understand Toncoin value over time.

Conclusion

In conclusion, The Open Network (TON) is a promising layer-1 blockchain with remarkable transaction speed and an energy-efficient Proof-of-Stake consensus model. Despite initial challenges, its open-source nature and dedicated community have driven its development forward. With innovative features and opportunities for passive income, TON holds the potential to transform the cryptocurrency landscape and shape the future of decentralized applications.

It's important to note that like any other cryptocurrencies, The Open Network carries its own risks and it's always wise to do your own research and exercise caution while investing.

Trade TON perpetual futures

After having successfully signed up on Bitget and purchased USDT or TON tokens, you can start trading derivatives, including TON futures and margin trading to increase your income.

The current price of TON is $2.07, with a 24h price change of -2.58%. Traders can profit by either going long or short onTON futures.

Join TON copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or TON tokens, you can also start copy trading by following elite traders.

Toncoin news

See more
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BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Coindesk2023/12/18 21:31#Markets#Bitcoin ETF#BlackRock
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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

TokenInsight2023/09/08 13:49#Bitcoin#NFT
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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

TokenInsight2023/08/22 15:31#Social#Coinbase

People are also inquiring about the price of Toncoin.

What is the current price of Toncoin?

We update our Toncoin to USD price in real time. Get the live Price of Toncoin on Bitget.

What is the 24 hour trading volume of Toncoin?

Over the last 24 hours, the trading volume of Toncoin is $37.39M.

What is the all-time high of Toncoin?

The all-time high of Toncoin is $5.84. This all-time high is highest price for Toncoin since it was launched.

Can I buy Toncoin on Bitget?

Yes, Toncoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Toncoin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Toncoin with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is the history of Toncoin?

Toncoin, commonly known as TON (The Open Network), began as an ambitious project by Telegram founder Pavel Durov. In 2018, Telegram raised $1.7 billion in a landmark ICO for TON, originally introducing the native token called Gram. However, the U.S. Securities and Exchange Commission (SEC) halted the project, citing the sale of unregistered securities. As a result, Telegram had to refund a significant portion of the raised funds and abandon the project in 2020. Nevertheless, thanks to its open-source foundation and a dedicated community, TON was resurrected independently of Telegram. The community continued its development and, in 2022, successfully launched The Open Network's mainnet, marking a pivotal milestone in TON's journey.

How many transactions per second (TPS) can Toncoin handle?

According to its whitepaper, Toncoin, or TON (The Open Network), is designed with advanced scalability in mind and can handle millions of transactions per second. This remarkable capability is achieved through the use of masterchains and shardchains, allowing the network to process transactions at a rate that outpaces many existing blockchains. This high TPS capability positions TON to potentially support widespread adoption and meet the demands of a large user base.

Why is the price of Toncoin so volatile?

Cryptocurrencies, in general, tend to be more volatile than traditional assets. This can be attributed to a relatively smaller market size, speculative trading, regulatory news, and rapid technological changes. For Toncoin, any news or updates related to its development or adoption can result in price fluctuations.

What is TON token Used For?

TON is the primary cryptocurrency of The Open Network (TON). It has several core functions:
- Payment and Transaction Fees: TON serves as the network's currency. It's used for transaction fees, smart contract executions, and payments within decentralized applications (dApps) on the network.
- Governance: TON coin holders can partake in the network's decentralized governance, voting on proposals for upgrades and the blockchain's future directions.
- Staking: Being a Proof-of-Stake (PoS) network, users can stake TON coins to engage in the consensus process, validating transactions and even creating new blocks.
- Trading and Investment: TON can be traded against other cryptocurrencies. Investors might buy and hold (HODL) TON based on its future prospects. Always consult up-to-date data, such as current prices, market cap, and trading volumes, before making investment decisions.

Can I mine Toncoin (TON)?

You can't traditionally "mine" Toncoin since all TON coins were created before the mainnet launched. However, you can "stake" your coins to earn rewards. Here's how: - Choose a Staking Pool: Go to tonvalidators.org and look through available staking pools.
- Select a Pool: Find one you like and click "Show More", then "Deposit".
- Stake Your Coins: Click "Add Stake". Remember, you need at least 10,000 TON to stake.
- Transfer Amount: Input how many TON coins you want to stake and approve it.
- Send to Pool: They'll give you a wallet address. Transfer your TON coins from your wallet to this address. Add a comment "d" to your transaction.
- Earn Rewards: After staking, you'll start earning rewards based on your stake. Remember, staking involves risk. Always do thorough research before committing your assets.

Is Toncoin (TON) a good investment?

As of August 2023, Toncoin (TON) stands as the 11th largest cryptocurrency by market capitalization, indicating significant market interest. However, determining its viability as an investment requires careful consideration. Cryptocurrencies, including TON, are notoriously volatile, and their value can fluctuate based on various factors, such as market trends, regulatory changes, and the project's fundamentals. Before investing in TON or any other asset, it's crucial to assess your risk tolerance, conduct thorough research on the cryptocurrency's underlying factors, and potentially seek advice from financial professionals. Remember, a high market rank is not a sole indicator of a good investment; broader context and due diligence are key.
Cryptocurrency investments, including buying Toncoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Toncoin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Toncoin purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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