Toncoin Overview

Toncoin is a crypto made by Telegram. and is the native token of the TON blockchain at layer 1 which implements a proof of stake (PoS) consensus mechanism system.

Currently Toncoin occupies 14th position on Coinmarketcap, current Toncoin price is $1.45, ATH $5.84 was reached on Nov 12, 2021, Market cap is $4.96 billion, $13.4 million and Circulating supply is 3.4 billion TON.

According to my prediction using the Trendline method the price of Troncoin will fall in the next ten days below $1. but in the long term it looks to be profitable and at least for 2024 it will be above $2. What do you think, is Toncoin worthy of being used as an investment instrument?

I had never heard of this token sincerely, I had seen it in coinmarketcap but I did not know anything about it, I only knew that it existed and nothing else, is the native token of the Telegram platform? is there used a lot?

That doesn't matter, Toncoin is the native token of Telegram,The Ton Token has also been widely adopted so that it has many users and is widespread, this token also focuses on scalability and efficiency, with a fast transaction process. Toncoin also has its own wallet, ton.org.

Toncoin may have the advantage of being the native token of Telegram and having widespread adoption. The focus on scalability and efficiency, along with a fast transaction process, could be positive indicators for Toncoin's growth. These features may attract more users and contribute to its long-term profitability.

I use Telegram but I was not aware that toncoin was created by Telegram. I have seen this coin on coin market cap, but never taken interest on this coin yet.