Can TON coin make a comeback? Faced with the grim situation, how do investors choose?
On August 14, the price of TON finally reached $7, which was the first time this month! Originally, everyone thought that the cryptocurrency market would be as hot as in the first quarter of this year, but it didn't work out. So this time, the price increase of TON was like a long-awaited rain for friends who hold coins, and they were so excited!
But reality always likes to joke. Now the price of TON has dropped back to $6.5. It seems that this altcoin may experience another Waterloo. Why do you say that?
First of all, TON holders are not confident enough! There is something called MDIA, which looks at how long everyone holds the coin on average. If this number goes up, it means that many people plan to hold it for a long time, and the price will rise easily. But now, MDIA has fallen, which means that some people have begun to waver and want to run away as soon as the price fluctuates.
Another data also confirms this point, which is "token holding time". This thing also depends on whether everyone wants to sell the coin. As a result, the holding time of TON has plummeted by 95% in the past week. Isn't it obvious that many people want to run!
If this continues, it will be difficult for the price of TON to return to $7! It may fall by about 10% again, just like the previous few times, and it is not impossible to drop directly to $6.19.
Of course, if many people suddenly want to buy TON, the price may rebound, maybe it can reach $7.26. But in general, it seems that the situation of TON is still quite serious.
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