{"id":612038,"date":"2024-06-08T08:30:38","date_gmt":"2024-06-08T08:30:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=612038"},"modified":"2024-06-11T08:00:53","modified_gmt":"2024-06-11T08:00:53","slug":"toncoin-ton-faces-price-fatigue-possible-drawdown-ahead-analyst","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/toncoin-ton-faces-price-fatigue-possible-drawdown-ahead-analyst\/","title":{"rendered":"Toncoin (TON) Faces Price Fatigue, Possible Drawdown Ahead &#8211; Analyst"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Toncoin (TON) has been <a href=\"https:\/\/ktsl888.com\/news\/on-a-tear-toncoin-outshines-bitcoin-with-price-surge-and-social-buzz\/\" target=\"_blank\" rel=\"noopener \">one of the best-performing crypto assets<\/a> in recent times, gaining by over 221% since the start of 2024. The Telegram-integrated token has particularly caught the attention of many investors, after securing a spot in the top 10 cryptocurrencies according to market cap. However, amidst TON\u2019s purple patch, a certain technical indicator has sounded the alarm for a potential decline in the coming weeks.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/toncoin-ton\/toncoin-ton-forms-double-top-pattern-bearish-or-bullish\/\" target=\"_blank\" rel=\"noopener \">Toncoin (TON) Forms Double Top Pattern, Bearish Or Bullish?<\/a><\/div>\n<h2><strong>Adjusted Sharpe Ratio Indicates Overvaluation For TON: Analyst<\/strong><\/h2>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6662e556760da66c5f3e8740-Analyzing-TONs-Price-Volatility-and-Adjusted-Sharpe-Ratio-Implications-for-Specu?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=shiven-moodley&amp;utm_term=ton\" target=\"_blank\" rel=\"noopener nofollow\">According to Shiven Moodley<\/a>, an analyst on data analytics platform CryptoQuant, the comparison of TON\u2019s Adjusted Sharpe Ratio to volatility reveals that the asset\u2019s 7-day volatility has consistently surpassed its 30-day volatility over the past two and a half years.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For context, the Adjusted Sharpe Ratio is used to calculate the excess return of an investment relative to its risk, however with the consideration of additional factors that may affect the risk-adjusted return, thus providing a more nuanced measure of an asset\u2019s performance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Data from TON\u2019s Adjusted Sharpe Ratio versus volatility analysis indicate that Toncoin experiences more frequent and significant short-term price swings compared to its long-term price movement, thus implying the asset is highly sensitive to short-term events.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moodley attributes the cause of such volatility to the speculative nature of <a href=\"https:\/\/ktsl888.com\/news\/toncoin-tsunami-1-billion-whale-activity-shakes-up-price-whats-next\/\" target=\"_blank\" rel=\"noopener \">TON<\/a> as well as the rising numbers of Telegram users in DeFi and GameFi, thus forcing the significant volatility to occur at a \u201cfundamental level\u201d.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, according to the current 180-day Sharpe Ratio analysis, TON\u2019s price could have attained a level of fatigue. Therefore, the recent profits from the assets may not be sustainable with a potential price drop expected in the \u201cnear term\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Given this market analysis, short-term traders are expected to capitalize on this volatility which may prove profitable but is a highly risky strategy. However, long-term investors should consider that TON\u2019s price movement over an extended period is considerably lower and stable as observed from data from the 30-day volatility metric.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_612059\" aria-describedby=\"caption-attachment-612059\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-612059\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/GPd463gbQAA8AcP.jpeg?w=860&#038;resize=860%2C475\" alt=\"Toncoin\" width=\"860\" height=\"475\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/GPd463gbQAA8AcP.jpeg?w=1658 1658w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/GPd463gbQAA8AcP.jpeg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/GPd463gbQAA8AcP.jpeg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/GPd463gbQAA8AcP.jpeg?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/GPd463gbQAA8AcP.jpeg?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/GPd463gbQAA8AcP.jpeg?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/GPd463gbQAA8AcP.jpeg?w=1140 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-612059\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<h2><strong>Toncoin Price Overview<br \/>\n<\/strong><\/h2>\n<p><strong><span style=\"font-weight: 400\">At the time of writing, Toncoin is trading at $7.38 following a 3.36% decline in the last day. However, the token presents a positive performance on larger time scales with an impressive 17.64% gain recorded over the last seven days. <\/span><span style=\"font-weight: 400\">TON\u2019s daily trading volume is also on the green side having risen by 11.57% and is currently valued at around $402.12 million. With a market cap of $17.96 billion, TON ranks as the ninth largest crypto asset.<br \/>\n<\/span><br \/>\n<\/strong><\/p>\n<figure style=\"width: 1479px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/RyJ8JBjv\/\" alt=\"Toncoin\" width=\"1479\" height=\"893\"><figcaption class=\"wp-caption-text\">TON trading at $7.397 on the 4-hour chart | Source: TONUSDT chart on Trading chart<\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\"><em>Featured chart from Binance, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toncoin (TON) has been one of the best-performing crypto assets in recent times, gaining by over 221% since the start of 2024. The Telegram-integrated token has particularly caught the attention of many investors, after securing a spot in the top 10 cryptocurrencies according to market cap. However, amidst TON\u2019s purple patch, a certain technical indicator has sounded the alarm for a potential decline in the coming weeks. Related Reading: Toncoin (TON) Forms Double Top Pattern, Bearish Or Bullish? Adjusted Sharpe Ratio Indicates Overvaluation For TON: Analyst According to Shiven Moodley, an analyst on data analytics platform CryptoQuant, the comparison of TON\u2019s Adjusted Sharpe Ratio to volatility reveals that the asset\u2019s 7-day volatility has consistently surpassed its 30-day volatility over the past two and a half years. For context, the Adjusted Sharpe Ratio is used to calculate the excess return of an investment relative to its risk, however with the consideration of additional factors that may affect the risk-adjusted return, thus providing a more nuanced measure of an asset\u2019s performance.\u00a0 Data from TON\u2019s Adjusted Sharpe Ratio versus volatility analysis indicate that Toncoin experiences more frequent and significant short-term price swings compared to its long-term price movement, thus implying the asset is highly sensitive to short-term events. Moodley attributes the cause of such volatility to the speculative nature of TON as well as the rising numbers of Telegram users in DeFi and GameFi, thus forcing the significant volatility to occur at a \u201cfundamental level\u201d.\u00a0 However, according to the current 180-day Sharpe Ratio analysis, TON\u2019s price could have attained a level of fatigue. Therefore, the recent profits from the assets may not be sustainable with a potential price drop expected in the \u201cnear term\u201d. Given this market analysis, short-term traders are expected to capitalize on this volatility which may prove profitable but is a highly risky strategy. However, long-term investors should consider that TON\u2019s price movement over an extended period is considerably lower and stable as observed from data from the 30-day volatility metric. \u00a0 Toncoin Price Overview At the time of writing, Toncoin is trading at $7.38 following a 3.36% decline in the last day. However, the token presents a positive performance on larger time scales with an impressive 17.64% gain recorded over the last seven days. TON\u2019s daily trading volume is also on the green side having risen by 11.57% and is currently valued at around $402.12 million. With a market cap of $17.96 billion, TON ranks as the ninth largest crypto asset. Featured chart from Binance, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":612039,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[13177,12143,87713,79564,88282],"class_list":["post-612038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-telegram-open-network","tag-ton","tag-toncoin","tag-tonusd","tag-tonusdt"],"acf":[],"yoast_head":"\n<title>Toncoin (TON) Faces Price Fatigue, Possible Drawdown Ahead - Analyst<\/title>\n<meta name=\"description\" content=\"Amidst Toncoin remarkable purple patch, a certain technical indicator has sounded alert of a potential decline in the coming weeks.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/toncoin-ton-faces-price-fatigue-possible-drawdown-ahead-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toncoin (TON) Faces Price Fatigue, Possible Drawdown Ahead - Analyst\" \/>\n<meta property=\"og:description\" content=\"Amidst Toncoin remarkable purple patch, a certain technical indicator has sounded alert of a potential decline in the coming weeks.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/toncoin-ton-faces-price-fatigue-possible-drawdown-ahead-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-08T08:30:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:00:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/download.jpeg?fit=300%2C168\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Semilore Faleti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SemiloreFaleti\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Semilore Faleti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/toncoin-ton-faces-price-fatigue-possible-drawdown-ahead-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/toncoin-ton-faces-price-fatigue-possible-drawdown-ahead-analyst\/\"},\"author\":{\"name\":\"Semilore Faleti\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49\"},\"headline\":\"Toncoin (TON) Faces Price Fatigue, Possible Drawdown Ahead &#8211; 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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