Decentral Park Capital Research: Telegram Open Network Value To See $20 Billion In 5 Years
The value of the Telegram Open Network (TON) is set to surpass $20 billion USD in about five years, a new research piece suggested. The research was done by Decentral Park Capital, a venture fund based in New York City.
According to the document, which was named as “The Current State of Telegram Open Network: A Sleeping Giant Awakens”, the native crypto of the company can become one of the largest cryptos in the market a few years from now. The document points out that in about five years, the GRM tokens could enter the Top 10 cryptos in the market.
The researchers affirmed that the project has potential and that it can serve as a gateway for unbanked people to enter the crypto world.
Not everything in the report about TON was positive, though. According to the research, the network will have to address several issues to be able to introduce its technologies in an effective manner.
For instance, the major issues that the network is set to face include a certain lack of openness to developers and the unfriendly attitude that many governments around the world have with crypto-based projects such as this one.
Lack of openness was highlighted as a huge disadvantage in a world in which talent is pretty scarce. Also, it can be another reason for the government to be somewhat suspicious of the project, so this was defined as the major risk for the project.
The Telegram Open Network is set to be released before the end of October. Its official wallet will be integrated to Telegram and it can be acquired individually.