Toncoin Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has seen a price decrease of 5.17% in the last 24 hours, now at $2.3, despite a weekly uptrend of 4.0%. The trading volume has decreased by 2.0% over the past week, with the circulating supply slightly down by 0.03% to 3.46 billion. Toncoin's market cap is currently ranked #15, valued at $7.95 billion.
January 17, 2024 | 7:00 pm
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NEGATIVE IMPACT
Toncoin (TONUSD) has experienced a 5.17% price drop over the last 24 hours, despite a recent weekly gain, with a decrease in trading volume and a slight reduction in circulating supply.
The price drop of 5.17% in the past 24 hours is a significant short-term negative movement, which is likely to influence investor sentiment negatively. The decrease in trading volume suggests lower investor interest, which could further pressure the price. However, the recent weekly uptrend indicates some resilience, which may limit the extent of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100