Toncoin Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has experienced a 4.47% price decrease over the past 24 hours, continuing a week-long downward trend of 6.0%. Trading volume has dropped by 55.0% over the past week, and the circulating supply has decreased by 0.16%. Toncoin's current market cap is $21.83 billion, ranking it #10.
May 23, 2024 | 7:00 pm
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NEGATIVE IMPACT
Toncoin (TON) has seen a significant price drop of 4.47% in the last 24 hours, continuing a week-long decline of 6.0%. The trading volume has also decreased by 55.0%, indicating reduced market activity. The circulating supply has slightly decreased by 0.16%, bringing the market cap to $21.83 billion, ranking it #10.
The significant price drop and reduced trading volume indicate a bearish trend for Toncoin in the short term. The decrease in circulating supply is minor but contributes to the overall negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100