Exploration
Blockchain Buzz
Buzz
Insights into Toncoin (TON) Price Predictions from CryptoQuant Analysts
Insights into Toncoin (TON) Price Predictions from CryptoQuant Analysts
By:
Mete Demiralp
08.06.2024 – 15:02
Updated:
10 seconds ago
0
Recently, CryptoQuant, a renowned cryptocurrency analysis firm, delved deep into the realm of Toncoin (TON) price analysis. The examination honed in on TON’s price volatility and its Adjusted Sharpe Ratio, offering key insights for investors.
The primary focus of the study was the traditional Sharpe Ratio, a metric that calculates the excess return of an investment relative to its standard deviation, thus portraying the investment’s return volatility.
Through CryptoQuant’s analysis, it was uncovered that TON’s 7-day volatility consistently surpassed its 30-day volatility over the past two and a half years, indicating that TON price is more reactive to short-term fluctuations compared to long-term trends.
In addition, the study shed light on the speculative nature of the coin and the growing involvement of Telegram users in DeFi and GameFi, hinting at a substantial impact of volatility on the token at a foundational level.
As per analysts, the 180-day Sharpe Ratio analysis suggests that TON price has hit a saturation point, potentially hinting at a looming bearish movement in the foreseeable future.
*Disclaimer: This article does not constitute investment advice.
For access to over 300 cryptocurrencies, sign up with Binance exchange via this link for a 20% COMMISSION DISCOUNT!
Stay updated with exclusive news, analytics, and on-chain data by following our
Telegram
and
Twitter
accounts!
Get Notifications from Comments Here
Notify me when new replies are posted to my comment
Label
Name:
Mail
Δ
Label
Name:
Mail
Δ
0
Comments
Inline Feedbacks
View all comments
