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Information about Toncoin (TON)
Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by messaging platform Telegram. The project was later abandoned, taken over by the TON Foundation, and renamed from “Telegram Open Network” to “The Open Network”.
Project developers want to build an ecosystem: decentralized hosting, decentralized services, domain name system (DNS equivalent), anonymous network, instant payment platform, and transaction processing Fast translation at a low price.
The Open Network (TON) is a fast, secure and scalable blockchain project capable of handling up to millions of transactions per second (TPS), at the same time, friendly to both users and service providers.
TON is a native token, designed to power the ecosystem. TON is used to:
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Toncoin retreated to 2.45 USD, a critical support, but struggles against the 4 USD resistance. A rejection at this threshold could indicate market exhaustion, with 3.93 USD acting as a substantial level where many addresses hold Toncoin.
The recent surge in whale accumulation, with net inflows up by 2159.82%, signals bullish interest. However, failure to maintain support at 3.93 USD could lead to cascading sell pressure and liquidations.
As of March 28, 2025, Toncoin is priced at 3.90 USD, showing a potential for growth but is challenged by a critical resistance at 4 USD. The recent integration of Grok AI into Telegram is expected to enhance its ecosystem and foster increased demand.
Open Interest for Toncoin has risen by 14.66%, indicating trader optimism. However, the market is experiencing volatility, with more long positions being liquidated than short ones, highlighting caution among traders.
SUI has seen significant growth in stablecoin transfers, overtaking TON. Current daily active addresses further affirm SUI’s position with 1.8 million compared to 600,000 for TON, indicating robust market engagement.
Approaching a key support level at 2.23 USD, SUI may soon experience a price uptick. Market indicators suggest increasing buying activity, with a target price of 2.50 USD if momentum supports the trend.
Toncoin’s price may surpass 4 USD based on volume indicators. Currently, the market shows a bearish position, yet demand remains strong, with a breakout past 3.95 USD crucial for a bullish trend.
Investors should monitor the 4 USD and 3.4 USD levels for potential buying opportunities. Increasing capital inflows and favorable analytics suggest a rally could be forthcoming if these thresholds are addressed.
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