Toncoin (TON) has always surpassed most key cryptocurrencies. Although the cryptocurrency market is in a downturn, the price of TON has risen by more than 40% in the past seven days.
According to the data information of CoinMarketCap, the tracking website of the cryptocurrency market, after the price rose by 20.77% in the past 24 hours, the current transaction price of TON is 1.83 dollars. At the same time, cryptocurrency reached the bottom of $1.50 and the top of $1.92.
In addition, TON can increase the BTC and ETH, the two largest cryptocurrencies in the market, by about 12.45% and 4.68% respectively. The 24-hour trading volume of TON also reversed, rising by 200% at this stage, to 37477217 US dollars
In terms of valuation, TON is the 30th largest cryptocurrency, with a total market value of 2219766213 dollars. This also makes altcoin rank 29th after Algorand (ALGO), 31st before Bitcoin Cash (BCH).
From the daily curve of TONCOIN/USD, the coin price fell slightly after meeting the pressure level of $2.00. Since the 9-day moving average is above the longer 20-day moving average, there is still some upward trend.
However, the daily RSI line is skewed towards the oversold area, which is a bullish data signal. Investors should consider taking long positions in TON within two to three days in the near future.
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