Toncoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has experienced a 4.2% price drop in the last 24 hours, marking a continuation of its 8.0% decline over the past week. The trading volume has decreased by 62.0%, while the circulating supply has slightly increased by 0.11%. Currently, Toncoin's market cap is ranked #15, valued at $7.15 billion.
January 25, 2024 | 3:00 pm
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NEGATIVE IMPACT
Toncoin's price has decreased by 4.2% in the last 24 hours and 8.0% over the past week, with a significant 62.0% drop in trading volume and a minor increase in circulating supply.
The price drop of 4.2% in the past 24 hours and the overall 8% decrease over the week indicate a bearish trend for Toncoin. The substantial decrease in trading volume suggests lower investor interest, which could further pressure the price. The slight increase in circulating supply may also contribute to the downward pressure on price. Given these factors, the short-term impact on TONUSD is likely negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100