What Happened Last Time TON Staking TVL Ratio Was Low?
The Toncoin price rebound was one of the few cryptocurrency market bright spots last week. The market has been slow during the holidays, with Bitcoin and Ethereum unable to make an impression.
Toncoin looks to be completely recovering as its price approaches $6. A pseudonymous expert says a recent on-chain phenomena shows TON's price rise is only starting.
What Happened Last Time TON Staking TVL Ratio Was Low? Joaowedson, a CryptoQuant analyst, wrote a Quicktake on Toncoin pricing and staking TVL ratio. The expert says TON lockups affect pricing.
The Quicktake analyst said that investors sell assets to trade when prices rise. Also, the TON ecosystem's TVL measure has dropped in recent weeks.
Joaowedson remarked that Toncoin's price appeared to have bottomed out as the staking TVL ratio dropped. Thus, Toncoin price increases are more likely.
Investors typically move staked cash to exchanges for speedy trading. Demand for the token rises, raising prices.
History shows that the staking TVL ratio shrank dramatically in March 2024 as the TON price reached new highs. Joaowedson noted that while staking interest declined, money migrated to controlled exchanges (CEX) and decentralized exchanges (DEX) like Ston.FI and Dedust, raising their TVL.
Price rises due to demand are more likely when investors trade their assets. If so, Toncoin may rebound to its recent highs.