Toncoin Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has seen a decrease of 5.74% in the last 24 hours, marking a continued downtrend with a total decrease of 12.0% over the past week. The trading volume has dropped by 39.0%, while the circulating supply slightly increased by 0.08%, reaching 3.47 billion. Currently, Toncoin's market cap ranks it as the 10th largest, valued at $18.27 billion.
April 29, 2024 | 7:02 pm
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NEGATIVE IMPACT
Toncoin's price has decreased by 5.74% in the last 24 hours, contributing to a 12% decline over the past week. The trading volume has significantly decreased by 39%, while the circulating supply has marginally increased.
The significant decrease in Toncoin's price over both the last 24 hours and the past week, combined with a substantial drop in trading volume, suggests a negative short-term impact on its valuation. The slight increase in circulating supply may also contribute to the downward pressure on price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100