Over the last two months, the cryptocurrency sector has been surging. However, it hasn’t affected all assets across the board. One that has seemingly halted explosive growth has been Toncoin, although it is still predicted to reach a price of $20 in 2025. Now traders are faced with the most critical question: when?
Toncion is the native crypto for The Open Network (TON), which is developed by messaging application Telegram. The token’s connection to the app was tremendous for its growth earlier this year. Despite a small step back, there are big things set for the asset as the calendar nears a new year.
Also Read: Toncoin (TON), Solana (SOL) Next in Line for All-Time Highs?
Toncoin Set for $20 Surge? TON is Looking to Make Waves in 2025
There is little argument against the importance that this year has had on the cryptocurrency sector. With Donald Trump set to be the first pro-crypto president in history, the entire market is surging. Indeed, it is being led by Bitcoin, as the token reached a six-figure price for the first time in its history.
Yet that rising tide, that is BTC, has not proven to lift all boats. Although a host of tokens have skyrocketed in recent weeks, that has not been true across the board. With Toncoin faltering in recent weeks, it has placed some skepticism regarding calls for TON to target $20 at some point in 2025.
Also Read: Toncoin Holders Hit Record 100M as TON Adoption Surges 2,225%
Over the last 24 hours, Toncoin is down more than 4.2%, according to CoinMarketCap. That decrease has the asset falling under its $6.1 support. However, the cryptocurrency is still up a remarkable 171% over the last year. Moreover, it is expected to return to its winning ways early next year.
According to price prediction platform CoinCodex, TON is expected to far surpass its $8 all-time high early in the coming year. Specifically, analysts have projected Toncoin to reach a $28 record price in January of 2025. That increase would mark a 382% surge from its current projection. However, they also predict that to be the yearly high for the asset. Indeed, they do not expect the asset to challenge the $20 mark after May of next year.
