Toncoin (TON) Market Analysis
Current Price and Market Cap
The current price of Toncoin (TON) is $5.55 USD, with a 24-hour trading volume of $306,482,628. Toncoin has a market capitalization of $11,839,666,014, ranking it among the top cryptocurrencies.
Price Performance
Over the past 24 hours, TON's price has increased by 2.63%. However, it has seen a 10.96% decrease in the past 7 days and a 16.56% drop in the past 30 days. The all-time high price for TON was $8.24, reached on June 15, 2024.
Technical Analysis
According to technical indicators, Toncoin is currently in a strong buy position. The RSI (14) is at 58.46, indicating the token is neither overbought nor oversold. The MACD (12,26) is at 0.019, signaling a buy signal.
Social Sentiment
In the last 24 hours, the social media sentiment score for Toncoin was 3.1, with a bullish trend. The overall social media score was 56,062, ranking TON 33rd among all cryptocurrencies. On Twitter, 21% of mentions were bullish, 8% bearish, and 71% neutral.
Future Outlook
Toncoin, as the native cryptocurrency of The Open Network (TON), has the potential to grow as the blockchain ecosystem expands. With its fast transaction speeds, low fees, and energy-efficient Proof-of-Stake consensus, TON aims to attract a large user base. However, the token's price remains volatile and is influenced by the overall cryptocurrency market trends.
