**Analysis of Toncoin's Recent Price Drop and Possible Accumulation ➔**
1. **Current Price Status**: Toncoin, linked to Telegram, is currently priced at $3.89, marking a significant 28% decline over the past month.
2. **Historic Low Indicators**: This drop places Toncoin at a historic low, suggesting it may be entering an accumulation phase favorable for long-term investors.
3. **Risk Metric Analysis**: Analyst Joao Wedson from CryptoQuant points out that Toncoin's Normalized Risk Metric (NRM) is at historic lows, indicating a potential buying opportunity.
4. **Understanding NRM**: The NRM assesses an asset's price against weighted moving averages. A low NRM typically suggests that the asset is undervalued.
5. **Investment Opportunity**: Toncoin’s low NRM levels in both medium and long-term perspectives highlight a low-risk zone for accumulation.
6. **Market Value Assessment**: The Market Value to Realized Value (MVRV) ratio further confirms Toncoin's undervalued condition.
7. **Future Projections**: Although there was a recent 1% uptick, Toncoin's future price largely depends on investor activity. Strengthening support could push prices to $4.17, with a potential peak of $4.96. Conversely, lack of accumulation might drag the price down to $2.91.
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