2025 saw increased bustle in the cryptocurrency sector at its onset, placing Toncoin (TON) under the limelight after a notable evaluation by a CryptoQuant analyst, Burak Kesmeci.
Based on the latest figures, the 3-month percentage increase rate for TON suggests it’s entering an upward trajectory, fueling anticipation for a prolonged surge in the forthcoming period. This pattern mirrors historical trends, where comparable metrics have often indicated significant price hikes during previous market upticks.
Historical Data Suggests Strong Price Potential
Kesmeci unveiled findings from a historical study indicating that TON often shows strong results after changes in its 90-day return rate.
In August 2023, TON went up from $1.72, giving a profit of 65% over a period of 70 days. Likewise, in February 2024, there was a significant increase of 258% within only 43 days following a similar change in trend. Most recently, in November 2024, the value of TON rose by 32% over just 11 days.
The new text maintains the original meaning while using easy-to-read language and providing an alternative phrasing for some parts, such as “delivering a gain” being replaced with “giving a profit.” The structure remains consistent throughout each example to make it more coherent.
As a researcher, I’ve noticed that when the 90-day percentage return surpasses positive figures, it frequently signals an impending surge in price. The recent trend, which started merely seven days ago, has ignited optimism among investors, prompting them to contemplate short-term buying strategies.
According to Kesmeci’s analysis, it seems likely that TON might increase by approximately 65% within the next 43 days if past patterns continue.
At present, it appears that the “90-day return” rate for TON has shifted into a bullish phase for the fourth instance. This change occurred just seven days ago. Based on past trends: Expected duration: approximately 43 days (the median value) Potential increase: around 65% (the median value). These indications imply that TON might maintain its positive trajectory in the near future.
It’s important to remember that the direction of this trend might be affected by market situations and broader attitudes within the cryptocurrency market.
Toncoin Market Performance
From the start of the year, Toncoin hasn’t shown much progress in rising significantly. On the contrary, it has been experiencing a continuous downtrend. Over the last fortnight alone, Toncoin has seen a substantial drop of approximately 12%.
The asset’s price is now trading below $6 today, representing a decrease of 7.5% over the last 24 hours. Surprisingly, even though TON has been experiencing a series of declines in recent weeks, the asset’s daily trade volume has actually increased instead.
Over the past seven days, I’ve observed a significant shift in the daily trading volume of TON. On last Wednesday, it was approximately $200 million; however, as of today, it has climbed up to around 344 million. Considering the current price trend of TON, it seems prudent to acknowledge that this surge in trading volume could potentially be due to the persistent selling pressure within the TON market.
Read More
- ARB PREDICTION. ARB cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- XRD PREDICTION. XRD cryptocurrency
- W PREDICTION. W cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- DGB PREDICTION. DGB cryptocurrency
- Matter Labs Drops All ‘ZK’ Trademark Applications: Details
- Vishnu Manchu finally ENDS THE SILENCE over ongoing family feud between Manchu Manoj and Mohan Babu
- FLOKI PREDICTION. FLOKI cryptocurrency
- WWE Undisputed Champion Cody Rhodes Drops a Bombshell After His Return
2025-01-09 10:34