Is this coin going to die? Are you holding it?
Based on a metric that maps users to a fully diluted market cap, TON tokens may be overvalued. Therefore, compared to Ethereum (ETH), TON tokens are overvalued. The market cap of Toncoin users is $120,000, while the market cap of ETH users is $100,000, indicating that TON may be overvalued.
Just as the Toncoin and Telegram communities are betting that the token will rise to $10, doubts about its performance have arisen.
Now, what keeps TON afloat are some of the incentives to not sell, including the potential for airdrop farming. TON is also circulating in Telegram's ad economy and may be needed for some of the hottest Telegram games. Doubts about TON come at a time when click-to-play games, airdrop farming, and other applets are popular on Telegram.
In the short term, TON is close to breaking below its 50-day moving average, sparking market predictions of a drop below $5. Short-term price predictions do not depend on overall market performance, as TON operates based on a different set of price factors.
Coinglass data also puts TON in the overbought category, ahead of all other overbought coins and tokens.
Market consolidation is a good opportunity to lay out. I will start laying out the bids I have studied for a long time immediately; each bid is expected to have a short-term increase of more than 30%, long-term holding or even doubling;
If you like spot and have more than 1000u to lay out, please leave a message in the comment area, let me see it! ! ! Free to take you...
