Study: TON Capitalization May Exceed $20 Billion by 2024
According to a new study by the New York cryptocurrency fund Decentral Park Capital, the value of the Telegram Open Network (TON) blockchain platform can exceed $20 billion over 5 years. A 59-page document titled “The Current State of Telegram Open Network: A Sleeping Giant Awakens” states that TON's native cryptocurrency Gram (GRM) could become one of the top 10 digital assets in the next five years. The study made an accent on the high TON`s potential, emphasizing that the platform could become a bank for people out of the banking system as well as the first platform for Web 3.0 applications, “akin to the App Store for Web 2.0.” However, the report notes that TON has to solve a number of internal and external problems to make its promising technologies real. Decentral Park identified three of TON's main problems: a lack of openness for developers, a negative attitude from a number of countries, as well as an alleged lack of demand and pressure from sellers. According to the study, TON is less open to developers than its competitors. Some countries may also restrict Gram adoption. Finally, low interest from cryptocurrency investors and possible delays in launching can lead to pressure from sellers in the short and medium-term.