Source: Crypto Insider
TON’s Sharpe Ratio has entered a “low risk” zone for the first time in a year. Potential customers have taken notice of this. Even though this could appear to be a good sign, it’s crucial to think things through before acting. The price of TON has fluctuated between $2 and $8 over the last 12 months, now settling at $5.26. How promising does this low-risk indication appear to be?
In the past, when TON entered the “low risk” zone, it has not resulted in quick benefits. It frequently showed that the market was approaching a bottom but had not yet reached it. If you’re looking for a straightforward buying opportunity, use care. There may be further pricing fluctuations in the future because of TON’s erratic behavior.
Is there a hidden risk, or is the price of ton coin stable?
Although TON’s recent price swings suggest some consistency, the lower Sharpe Ratio suggests the contrary. Before dropping back to $5.25, the price spiked to $8. Even if this appears to be less volatile, historical patterns show that “low risk” warnings weren’t always effective at preventing additional market declines.
The trading volume has fallen by 20% in the last two months, adding to the uncertainty. This shows that traders are less interested. Lack of trade volume frequently signals lack of momentum. This low momentum may hinder any future price recovery.
Ton coin Holders reach 90 Million: Will a Ton coin Rally Increase Demand?
TON has become more well-known within the last few trading months. It has solidified its place among the top 10. The quick valuation follows the success of several of its protocols. The tap-to-earn game, Hamster Kombat, is one example.
On-chain statistics indicate the Ton coin’s user base has grown because of its expansion. There were around 90 million TON holders as of early October, a 24X increase from the previous year.
There is a greater chance that TON will grow in tandem if Bitcoin rises and breaks above $66,000 and $70,000 in the upcoming sessions.
Awaiting a More Clearly Signaled
Even though the Sharpe Ratio’s “low risk” indicator could seem alluring, it’s crucial to examine TON’s price history in more detail. The flat transaction statistics and declining market volume suggest a cautious attitude. The better course of action might be to monitor the asset until a clearer low-risk signal is received.
