Toncoin Falls More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has seen a price decrease of 7.98% in the last 24 hours, now at $5.15, despite a 33.0% increase over the past week from $3.83. The trading volume surged by 50.0%, and the circulating supply rose by 1.13% to 3.47 billion, positioning TON at a market cap ranking of #13 with $17.79 billion.
March 26, 2024 | 3:01 pm
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Toncoin's price fell by 7.98% to $5.15 in the last 24 hours, despite a weekly increase of 33.0%. The trading volume and circulating supply have also seen significant changes.
The short-term price drop of 7.98% in Toncoin, despite its recent weekly gains, indicates a potential volatility in the market that could lead to further short-term declines. The increase in trading volume and circulating supply suggests a heightened interest and activity in Toncoin, but the immediate impact of the price drop is negative. Given the significant changes and the current market cap ranking, these factors are highly relevant and important for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100