Toncoin Up More Than 8% In 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has seen a significant increase in its price, rising 8.79% in the last 24 hours to $6.32, and a 21.0% gain over the past week from $5.13. The coin's all-time high is $7.63. Trading volume surged 97.0% over the week, with the circulating supply growing by 0.26% to over 3.47 billion. Toncoin's market cap ranks it #9 at $21.94 billion.
May 09, 2024 | 7:00 pm
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POSITIVE IMPACT
Toncoin's price increase to $6.32 represents a significant short-term gain, with a 21.0% increase over the past week and a trading volume surge of 97%.
The substantial price increase and trading volume surge indicate strong market interest and positive momentum for Toncoin. The growth in circulating supply is modest, suggesting that the price increase is not due to an oversupply. The market cap's rise to the 9th position further validates the growing investor confidence in Toncoin.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100