TON Annualized Realized Volatility Reaches Record Lows Amid Market Stagnation
Toncoin (#TON) Volatility
- Annualized realized volatility for TON over the past 7 and 30 days reached record lows.
- Market capitalization stands at $12.48 billion with a 24-hour trading volume of $498 million.
- Comparatively, HBAR (15th) has a volume of $1.5 billion and SHIB (17th) has $1.7 billion.
- Current price: $5.17, showing no significant changes in the last 24 hours and a 6% decline over the past month.
- Long-term growth potential indicated by a 130% price surge over the past year.
- TON's price action forms a descending triangle; a breakout above resistance may signal upward momentum.
- A dip below the $5.14 support level could present buying opportunities.
- Analysts recommend monitoring additional indicators before confirming positions.
Blockchain Growth
- Total value locked (TVL) on TON increased 14-fold in the past year, currently at $263 million.
- Introduction of native USDT in May 2024 contributed significantly to user adoption, making up 69% of stablecoins on the network.
- Decentralized exchange STON.fi processes 41% of all USDT transactions, surpassing centralized platforms like Bitget.
- Growing preference for decentralized finance (DeFi) solutions among TON users is noted.