TONcoin (TON) Price Prediction: Will it Reach $3 in 2023?

• Toncoin (TON) is a decentralized layer-1 blockchain cryptocurrency that trades at $2.49, indicating a 4.3% price increase in 24 hours.
• Toncoin is currently outperforming the crypto market with a 6.8% 7-day gain and has remained above its 50-day and 200-day Simple Moving Average (SMA) since the golden cross formation.
• Technical analysis suggests that TON may reach $3 in the coming weeks and can double to around $7.74 by 2025.

What Is Toncoin (TON)?

Toncoin (TON) is a decentralized layer-1 blockchain cryptocurrency created to make payments faster, easier, and more secure for users all over the world. It enables users to send value globally without any third party intermediary or restrictions imposed on them by governments or central banks. The coin has been trading since December 2022, with slight fluctuations within its current price range of $2 -$3 USD per token.

Current Price of Toncoin

At press time, TON has a 14-day price gain of 9.2% and a 30-day price rally of 8.8%, while most coins‘ prices are down due to the overall crypto market conditions this year. With a 6.8% 7-day gain, TON continues to outperform the global crypto market which has only increased by 1.4%. Currently, it trades at $2.49 which indicates a 4.3% price increase in 24 hours alone showing promise for future growth potentials in 2021 and beyond!

Technical Analysis of Toncoin

The Relative Strength Index (RSI) is at 57