Altcoin News: Study: TON Value May Exceed $20 Billion in 5 Years
October 11, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
New York Investment Fund Decentral Park Capital conducted a study of the Telegram Open Network project and said that for 5 years the cost of TON could exceed $20 billion.
In a report titled “The Current State of the Telegram Open Network: A sleeping giant awakens,” researchers said that within 5 years, the TON’s cryptocurrency Gram could enter the 10 largest coins by capitalization.
TON can act as a gateway between cryptocurrencies and various applications in order to provide banking services to people who do not have access to them. In addition, Web 3.0 applications may appear on the TON platform.
However, the project still needs to deal with many internal and external problems, among which there is a lack of openness for developers, not too friendly attitude to the project from the governments of various countries and the expected gap between the demand and supply for Gram cryptocurrency.
Researchers note that TON is less open to developers compared to other cryptocurrency projects, and this is bad, as less talented programmers are attracted “in a world where talents are worth its weight in gold”.
In addition, government skepticism may slow down the adoption of the Gram cryptocurrency. Analysts also expect that after the launch of the project, people who bought Gram coins will start selling them, which could bring down the price of the altcoin.
Recall that the full launch of the TON blockchain is expected at the end of this month. In addition, rules for using the Gram cryptocurrency wallet appeared on the Telegram website this week.
Author: Marko Vidrih
