Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge
On-chain data shows the Toncoin investors are holding a significant amount of unrealized profit even after the recent bearish action in the asset’s price. Toncoin Is Still Trading A Notable Distance Above Its Realized Price In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in a few indicators related to Toncoin. The first metric of relevance is the “Realized Price,” which tells us, in short, the cost basis of the average investor on the TON network. When the spot price of the cryptocurrency is trading above this indicator, it....
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Data shows the Correlation between Bitcoin and S&P 500 has declined to zero recently, a sign that BTC is no longer attached to the stock market. Bitcoin Correlation To S&P 500 Has Witnessed A Plunge Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed about the trend in the Correlation between Bitcoin and S&P 500. The “Correlation” here refers to an indicator that keeps track of how tied together the prices of any two given assets are. Related Reading: Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge When the value of this....
On-chain data suggests the Toncoin whales have participated in significant accumulation over the past week, which could be bullish for TON. Toncoin Whales Have Bought Large During The Last Seven Days As explained by analyst Ali Martinez in a new post on X, Toncoin whales have been active with net buying recently. The on-chain indicator […]
As the cryptocurrency market experiences volatility, savvy investors, often referred to as “sharks,” are strategically adding Toncoin (TON) and Mpeppe (MPEPE) to their portfolios. With both cryptocurrencies showing promise in unique areas of blockchain innovation and decentralized finance, this move has caught the attention of the broader crypto community. Let’s dive into why Toncoin (TON) […]
The Telegram founder has revealed that the Toncoin network is set to see its transaction fees drop by sixfold in one week’s time. Toncoin To Drop Transfer Fees As Part Of MTONGA In a new post on X, Telegram founder and CEO Pavel Durov has shared that the Toncoin network will undergo a change related […]
Over the past 24 hours, the majority of the crypto market has been moving slowly, with the premier cryptocurrency Bitcoin falling below the $26,000 mark again. Toncoin, on the other hand, continues to defy the current market conditions, registering a significant price climb in the past day. The TON price experienced a substantial increase on the first day of September, which is consistent with its overall trend in August. TON Soars By 11% In A Single Day Toncoin currently leads the altcoin market as one of the top gainers following an 11% price rise in the past 24 hours. In the same....