Data on the series shows that Toncoin investors get a large amount of unveiled profits even after the last decline in the original price.
Toncoin is still noting a noticeable distance over the price of rights
In new mail In X, Glassnode discussed the latest intersection on the latest trend in a few toncoin indicators. The first scale of importance is the “achieved price”, which in short, the cost of the ordinary investor on the TON network.
When the immediate price of the encoded currency is traded over this indicator, this means that it can be assumed that my holder as a whole carries a clear amount of unreasonable profits. On the other hand, the scale involves the dominance of loss in the market.
Now, here is the graph that the Analysis Company is sharing, which shows the trend in the price achieved over the past few years:
As offered in the graph above, the price of Toncoin was higher than the price achieved for a period of time now, which means that in general investors had gains. This arrangement has not changed even after the clouds in the currency recently.
Historically, the achieved price was a support level for the original. The reason behind this is the fact that investors are likely to interact with declines on the basis of cost by buying more, if the mood in the market is upward.
Nowadays, the value of the scale is $ 2.43, which is significantly less than the immediate price. Based on the historical style, Glassnode notes that the level “is still a decisive level of potential purchase pressure.”
The next indicator shared by the Analysis Company is the market value of the achieved value (MVRV). This scale tracks the percentage between the immediate price and the price verified by Toncoin.
From the graph, it is clear that the ratio has recently decreased and reached a value of about 1.54. “This means that, on average, investors sit in approximately 54 % unimaginable profit,” explains Glassnode.
Although the total market managed to withstand the recent decline, it does not mean that there was no loss of panic at all with Toncoin. As in the graph below for the achieved loss offers, it ended with the buyers who entered the summit in achieving a great deal of loss in the low price.
Price ton
At the time of this report, Toncoin is trading about $ 3.77, an increase of approximately 3 % in the past 24 hours.