Toncoin and Dogecoin found patrons in IT companies: these cryptocurrencies are actively supported by businessmen - the creator of Telegram Pavel Durov and the head of Tesla Elon Musk. The interviewed experts told what to expect from two crypto projects in the future and in which of them it is better to invest.

Durov's Toncoin

In May 2020, the creator of the Telegram messenger Pavel Durov announced the termination of his team's work on the Telegram Open Network (TON) blockchain platform and the Gram cryptocurrency. The reason was the ban of the American court on the distribution of Gram.

The businessman wanted to create a platform with a transaction speed significantly higher than that of Bitcoin and Ether.

Gram was supposed to be built into the Telegram messenger. In some ways, the project resembled Libra, which was announced by the head of Meta, Mark Zuckerberg, and which also has not yet appeared due to the bans of US regulators. It seemed that Gram was abandoned, but in 2020 information appeared that the project was resumed and renamed Toncoin.

Later, a source of Durov's Code, close to the Telegram team, said that Toncoin is indeed being developed and that the TON Foundation team is working on the project.

According to the interlocutor, it was this group of developers who got access to the original blockchain repository on GitHub and the official domain ton.org.

The leaders in the cryptocurrency team are Anatoly Makosov and Kirill Emelianenko, who won Pavel Durov's programming contests many times.

On December 23, Durov spoke on his Telegram channel about the new owners of Toncoin. He assured that Telegram is no longer associated with the development of the project.

The cost of the token increased by 20% in 15 minutes from the moment of publication. It was regularly promoted within Telegram using the official advertising platform.

According to CoinMarketCap, the price of one token has reached 295 rubles at the time of this writing.

Dogecoin Mask

The head of Tesla and SpaceX Elon Musk is a controversial popularizer of cryptocurrencies. He openly influences their course through Twitter posts and sometimes public speaking.

An entrepreneur can use different news feeds. For example, to hint at the possibility of paying with bitcoins for the purchase of a Tesla electric car.

The main hobby of a businessman in recent months has become a game with the Dogecoin cryptocurrency rate.

He actively encouraged fans to invest in it. Musk even adopted a Shiba Inu dog, which is the symbol of Dogecoin. In September, he posted the first photo of the puppy on Twitter.

In October, the billionaire claimed that many workers on Tesla's production lines own Dogecoin. "It looks like the cryptocurrency of the people," Musk assured.

According to CoinMarketCap, the price of one token has reached 13 rubles at the time of writing.

Is it worth investing?

Chen Limin, CFO and Head of Trading at ICB Fund, said that Toncoin is "just a faint shadow of the original idea."

“There are a huge number of projects creating their own Internet and financial ecosystem, so there are many competitors on the market,” the expert said. As an example, he cited Internet Computer with a capitalization of $ 5 billion (40th place among cryptocurrencies).

In his opinion, while Durov does not actively support the development. “One mention on the Internet is clearly not enough for some serious impulse for development,” the specialist believes.

Limin is more positive about Dogecoin.

He noted that this playful currency was able to rise in value precisely because of the actions of Musk, who was at the right time in the right place.

“Musk's manipulations simply fell on fertile ground - then the market was growing in general and more serious coins were already at their peak. That is why such a rally became possible, ”the expert is sure.

According to him, unlike most other currencies, Dogecoin's emission volume is unlimited, which deprives the token of deflationary pressure.

However, Limin also believes that in the crypto market, projects without practical use are gradually leaving the market. And Dogecoin is just a native token that was created as a joke and does not develop in any way.

According to Limin, the coins from Durov and Musk are of no interest. “They can grow for a company with the rest of the market, but there is no reason to talk about some kind of overgrowth,” he concluded.

The head of the analytical department of AMarkets Artem Deev, in turn, said that he considers Toncoin an interesting asset.

“The token really grew rapidly, gained popularity and at some point became more profitable than ether on video cards without a hashrate limiter,” he said. However, the expert clarified that this coin from Durov will only grow for a limited time.

“The entire initial emission of Toncoin was evenly distributed across ten smart contracts, and computing power is used to extract coins from these accounts,” Deev said. He cited data from the developers' website that it will take no more than 270 days to completely empty these smart contracts, after which mining will stop.

The expert noted that the mining period may be reduced - it all depends on the number of investors.

Deev is more skeptical about Dogecoin.

"This is an absolutely speculative asset that simply transfers value, but, unlike other tokens, does not have any peculiarities in technology, development team, payment infrastructure," he said.

According to the expert, although the token has grown significantly in 2021, it has no particular prospects for growth.

"Unless Tesla accepts the asset as payment, which is unlikely," Deev said.

He concluded that in the short term, Dogecoin may rise, but will not break the $ 1 mark and will eventually go down.

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