Toncoin Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has experienced a 6.85% decrease in price over the last 24 hours, marking a continuation of its downward trend with a total decrease of 4.0% over the past week. The trading volume for Toncoin has decreased by 17.0%, and its circulating supply has decreased by 0.28%. Currently, Toncoin's market cap ranks it at #12 with a value of $17.45 billion.
April 02, 2024 | 3:02 pm
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Toncoin has seen a significant price decrease of 6.85% in the last 24 hours, with a weekly decline of 4%, and a decrease in trading volume by 17%. The circulating supply has also decreased by 0.28%, affecting its market cap which is now at $17.45 billion, ranking it #12.
The significant price decrease of Toncoin, along with a reduction in trading volume and circulating supply, suggests a bearish short-term outlook for TONUSD. The decrease in circulating supply typically indicates a reduced availability for trading, which can lead to price volatility. However, the current downward trend and reduced trading activity could deter investors, leading to a negative impact on its price in the short term.
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