TON Volatility Reaches All-Time Low: Price Explosion Imminent?

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Toncoin currently exhibits remarkably minimal price fluctuations. As per CryptoQuant analyst “joaowedson”, the token’s annualized realized volatility over 7 and 30 days has hit all-time lows. This could indicate a stage of tranquility, yet history shows that such calm periods often precede significant market turbulence.

Yearly projected volatility from daily price changes, a measurement used to gauge market sentiment over a specific timeframe, is a crucial instrument in market analysis.

16th placed TON has a market cap of about $12.48 billion and trades around $498 million over 24 hours. In contrast, HBAR, ranked 15th, sees daily trading activity of approximately $1.5 billion, while SHIB, at 17th position, records $1.7 billion in trades. This suggests less investor engagement or enthusiasm for TON, but past trends indicate that periods of low activity can often precede significant price changes.

TON Price Movement

Currently, TON is being traded at $5.17, with no major fluctuations observed within the last day based on CoinMarketCap’s data. In the last month, the token has experienced a 6% decrease in value. Yet, over the course of the past year, it has seen an impressive 130% price increase, indicating its potential for long-term growth.

In simpler terms, TON is currently forming a descending triangle pattern due to its low volatility. Important levels determine its short-term direction, and a break above the current trendline could indicate an upcoming strong upward movement. Conversely, if it falls below the $5.14 support level, it might offer attractive investment opportunities for those looking at long-term holdings.

The analyst indicates that past trends predict a rise in TON’s price movement. Yet, he advises a careful strategy and continuous observation of further signals before making any definite moves. Furthermore, traders on platform X propose that as funds shift towards other cryptocurrencies, the TON system may witness substantial momentum.

Massive Growth on the Blockchain

In 2024, the blockchain of TON experienced significant expansion beyond just its price fluctuations. The Total Value Locked (TVL) on TON soared, increasing a staggering 14 times over the past year, currently standing at a whopping $263 million, as reported by DeFiLlama. A major factor contributing to this growth was the introduction of native USDT on TON in May 2024, which boosted user adoption significantly. Now, USDT makes up approximately 69% of all stablecoins used on the network.

The STON.fi decentralized trading platform has become a key player, handling approximately 41% of all USDT trades, surpassing centralized exchanges such as Bitget in this area. This trend highlights the increasing popularity of decentralized finance (DeFi) among TON users, suggesting that they are favoring these types of solutions over traditional centralized platforms.

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2025-01-20 13:04