Ledger Wallets Now Support TON Coin and Other TON Tokens

Key takeaways

• Toncoin (TON) is now available in Ledger hardware wallets along with a selection of other assets from the ecosystem
• Over the course of 2023, The Open Network blockchain has seen a consistent increase to daily active wallet addresses and total transactions
• The TON price prediction algorithm expects a consolidation around the recent range high before more positive price action after the Bitcoin halving

TON now available in secure wallet solutions after Ledger announces support

Ledger announced support for Toncoin (TON) today as the hardware wallet provider integrated a variety of cryptocurrencies that can be found in The Open Network (TON) ecosystem. At the time of writing, TON is +3.80% up in the past 24 hours.

? @Ledger hardware wallets have added support for #TON!

You can now securely store your $TON and other TON tokens (jettons) on Ledger devices to ensure the highest security standards for your assets.

For guidance, check out this detailed step-by-step guide?… pic.twitter.com/tyouEnlNiP

— TON ? (@ton_blockchain) December 13, 2023

Ledger is the world’s leading manufacturer of cryptocurrency hardware wallets, and the recent integration of TON with Ledger devices unlocks greater access to TON tokens using a highly secure storage solution.

Carl Anderson, VP of Engineering at Ledger, stated that “The Open Network and Ledger share similar values when it comes to the right to privacy and the commitment to giving everyone freedom of money. Now, TON users can ensure they have access to uncompromising security as well as privacy.”

Ledger is currently running a promotion for the holiday period that offers 20% off all hardware wallets in the catalogue. The offer will run up until 23rd December and could represent a great opportunity for anyone seeking to lock down their crypto assets with the highest degree of security.

You can find out more about the Ledger offer by heading over to their website here.

TON continues to boost the accessibility of its ecosystem following positive few months for the project

TON has enjoyed a series of positive developments over recent months that has driven the native token into the crypto top 20. Since Telegram announced its support for the blockchain in September, TON has seen consistent growth in terms of both new user sign ups and daily transaction volume.

Over the course of 2023, TON has seen its total users grow +122% from 1.8 million to 4.0 million, while total daily transactions now averages over 1 million on a regular basis. The integration with Telegram has also ushered more institutional interest towards the network, with Dubai International Finance Centre (DIFC) announcing that TON is now an officially recognized cryptocurrency in the jurisdiction.

Total transactions per day on The Open Network, via TON Stat

On top of a consistent increase to total users and active on-chain wallet addresses, TON has seen a spike in daily transactions in recent days. The spike aligns well with Ledger announcing its support for TON and adjacent tokens, but it also may have been contributed to by the recent launch of inscriptions for Toncoin.

On balance, TON has been going from strength to strength in recent months as the wider crypto markets continue to climb upwards in the run-up to the Bitcoin halving in early 2024.

TON price prediction December 2024: Algorithm forecasts brief consolidation heading into the new year

The TON price prediction algorithm expects a minor price increase for TON over the next month. In total, the AI price model has predicted a +4.75% rise in a move that would keep the token around its recent range high.

TON currently finds itself +86% up from its August low and has held strongly around its peak since the chain’s integration with Telegram was announced in September. After hitting a high of $2.77, the current market price of TON is $2.20 despite a -9% drop in recent days.

TON will seek to hold support within the current range of $1.91 to $2.77 following the recent retracement, and the algorithm has forecasted that the upcoming consolidation will successfully remain inside this range before more positive price action continues in the new year.

The bottom line

Ledger announcing its support for TON follows a series of positive developments that have taken the price of the native token up +86% since August. The move has placed TON firmly in the crypto top 20 while the project continues to improve the accessibility of the blockchain and its supported dApps.

The positive developments for TON in recent months could provide it with a firm springboard heading into 2024. With the Bitcoin halving event drawing closer and closer, the TON price prediction algorithm expects a short-term consolidation leading into the new year.