Toncoin Rises More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has seen a significant increase in its price, rising 5.03% in the last 24 hours to $6.73, and over 14% in the past week from $5.9. The coin's trading volume surged by 135% over the week, with its circulating supply also increasing by 0.47% to over 3.47 billion. Currently, TON's market cap ranks it 9th at $23.44 billion.
April 15, 2024 | 3:02 pm
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POSITIVE IMPACT
Toncoin's price increase to $6.73, with a 14% gain over the past week and a significant 135% increase in trading volume, indicates strong market momentum and investor interest.
The substantial price increase and trading volume surge for Toncoin suggest a bullish short-term outlook. The increase in circulating supply without negatively impacting the price further supports the positive momentum. Given these factors, the short-term impact on TONUSD is likely to be positive, reflecting continued investor interest and market strength.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100