The Ton Team has announced the introduction of bitcoin liquidity on the Ton-telegram ecosystem. This move which has been well-received on the crypto market will likely lead to a rise in the Toncoin (TON) price . Coincidentally, the Toncoin price surged during the past 7 days, ending on 30 November. As a fact, the TON price increased by 91.5% during the month. However, it rose by 1.91% within the last 24 hours. More significantly, the value of TON spoked by 41.2% during the past 60 days. At press time, TON is trading at $3.786 TON/USDT on Gate.io. The graph below shows TON’s price trajectory during the last month.
Toncoin Price Performance During the Last 30 Days- Gate.io
The graph shows TON’s fast moving trend that started on 5 November 2024. The main reason linked to this remarkable price performance was Trump’s presidential election victory in the United States. That development was followed by a crypto market wide positive sentiment. In addition, the stabilization of the macroeconomic environment in the U.S has also injected much confidence in the sector. Another factor that might have added bullishness to TON was the recent announcement of the introduction of synthetic Bitcoin token, TON Teleport BTC, on the The Open Network blockchain.
Generally, though, the Toncoin has performed remarkably during the year. Its price value increased by 188.6% during that period. The network is well-known for various tap-to-earn games that exist there. These include Hamster Kombat, Catizen and Notcoin which have attracted many users to the TON Network.
TON to Launch Synthetic Bitcoin Token
The TON blockchain has followed the footsteps of many leading networks by introducing a synthetic bitcoin token, TON Teleport BTC. That token will act as a bridge for people to use bitcoin in the DeFi sector. The synthetic bitcoin token (tgBTC) will support many DeFi activities on the network that include liquidity provision, yield farming and trading. Basically, the token will maintain a 1.1 peg with bitcoin. This move will also increase the demand for bitcoin. As a result bitcoin is likely to keep its dominance in the crypto sector. This is not the first time that TON has bridged other cryptocurrencies. It has already integrated Tether USDT. And it is most likely that the team will continue to add other cryptocurrencies to its network.
As said above, this move will enable users to utilize tgBTC in various mini-apps that exist on the Telegram- Ton ecosystem. Some leading web3 mini-apps that may soon adopt tgBTC include EVAA and STON.Fi. In addition, the launch of tgBTC brings many benefits to the TON ecosystem. As an example, the existence of the token creates arbitrage opportunities across different DeFi platforms which promotes trading. Interestingly, the holders of the new asset will have another opportunity to generate yield.
TON Market Analysis
As said, the news of the launch of tgBTC has generated positive market sentiment towards TON. Definitely, this will contribute to its price performance. At present, the higher time frame price charts show bullish momentum. However, on the lower level there is an indication of bearishness.
TON Daily Price Chart – Gate.io
As the picture above shows, TON is within an uptrend that began some weeks ago. First, the Ichimoku Cloud indicator shows that the coin has weak bullish momentum. This is because it has a narrow future cloud. Also, there is a bearish divergence between the price and the volume. In other words, the price is rising while the volume is falling. In most cases, this move is a reversal indication. Similarly, the RSI, with a reading of 74.11 is within the overbought market state. Usually, an RSI reading above 69 indicates that the asset is within an overbought condition. However, a reading of 20 or below shows an oversold market state. It is essential to realize that the TON moving average analysis indicates a bullish outlook as well.
The coin is on the verge of registering a golden cross. This is because the 50-day EMA (green) is about to crossover the 200-day EMA (red). In fact, the golden cross is a strong bullish signal. The fact that it is emerging on the daily time frame makes the signal very strong.
Ton Price Prediction in 2025
Various TON price predictions show that its value may continue to rise until the end of June. As an example, Gate.io forecasts the TON price to reach $11.46 TON/USDT by mid-2025. This represents a 77.95% rise. If its price forecast turns out to be correct the TON price may fluctuate around $21 by the end of the year.
The TON bullish outlook is also supported by several analysts. As an example, Rose Premium, a crypto analyst, predicts that the TON price may reach $10 TON/USDT by the end of the year. According to the analyst the key levels the TON will break above include $6.10 and $8. However, he believes that if its value falls below $5 that price forecast will be invalidated. Thus, as things stand, the prediction is still valid. It is important to note that price predictions only give a general direction the price may go. They are not definite guides of what will happen. Therefore, the investors should continue to analyze the TON price movement.
