$15 Beginner Gift $TON
Steps:
1- Go to my profile and copy the code installed in the first post
2- Go to binance Bay
3- Go to the red envelope and paste the code in the designated box and congratulations on the gift
Toncoin (TON) is struggling to gain momentum.. Expected 17% drop
Telegram-linked Toncoin (TON) has seen a slight 1% increase in price over the past week. However, this only reflects the overall bullish trend of the market, as it has not yet received significant demand from whales or retail investors.
The altcoin is at risk of falling by double digits in the near term if demand remains low. This analysis explains why.
Toncoin Investors Are Moving Away
Toncoinâs market value to realized value (MVRV) ratio, which measures the total profitability of all its holders, shows that the altcoin has been undervalued in recent weeks. As of this writing, the 30-day and 90-day MVRV ratios are -0.26% and -5.38%, respectively.
A negative MVRV ratio has historically been a buy signal. It indicates that the asset is trading below its historical holding cost and may be poised for a rebound. However, this has not been enough of a reason for Toncoin investors to accumulate the coin.
