- CryptoQuant reports TON’s Sharpe Ratio in the Low-Risk zone, indicating potential stability after a volatile year.
- Investors should watch TON closely and wait for an extremely low-risk signal before considering any new positions.
- TON’s user base exceeds 100 million, signaling strong adoption and a key factor in the token’s future value growth.
CryptoQuant, a blockchain data analysis firm, reported that the Sharpe Ratio Risk Indicator for TON has shown a Low-Risk position for the first time in the past year. This move follows a highly fluctative year for the token with its price rising from $2 to even highs of $8 before being valued at the current $5.28. The entry to this Low-Risk zone is a positive development for the market and may helps investors to understand the future trends.
The Sharpe Ratio points towards low risk zone for TON, which usually indicates that markets are getting more stable. Nevertheless, the historical data demonstrates that, when cryptocurrency was in this zone earlier, it sometimes required some time to reach the bottom. This means that even though the risk may be lower at the moment more price changes may still occur before the market becomes stable again.
TON User Growth
The platform recommends that token be placed on the watchlist and that an investment should not be made until there is an extremely low risk signal. This approach enables the investors to take advantage of more likely better buying opportunity situation in the market.
Besides the Sharpe Ratio cooling off, token has other positive indicators: it is gradually recovering its previous dynamics. One of the most important metrics is the number of users, which has recently exceeded 100 million. This tremendous rise in user count indicates that more people are starting to engage in the coin and this could work as a key factor to determine the future value of cryptocurrency.
TON’s Price Stability
Toncoin is trading at $5.28 and has recorded a 24-hour rise of 0.28%. This a moderate increase indicates that the token could be entering a phase of short term stability. In the last one week, TON has gone up by 0.53%. This gradual growth shows a continuous, though slow, upward trend in its price trend analysis.
Source: TradingView
TON is still a coin to watch in the crypto space especially in the current Low-Risk phase. Short term traders and long-term investors can also look forward to new opportunities with the token as market conditions change and the usage of the coin progresses on.
