Is Toncoin Building a Foundation for a Long-Term Comeback? Analyst Weighs In

Is Toncoin Building a Foundation for a Long-Term Comeback? Analyst Weighs In
Toncoin (TON) continues to face a challenging market environment, struggling to reverse its recent downward trajectory. Trading below the $4 mark, the asset’s price performance over the past weeks has remained largely in the red. Amid these conditions, CryptoQuant contributor Darkfost has shed light on some underlying trends, highlighting that long-term investors are still seeing positive returns despite the overall bearish climate. Related Reading: Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle Evaluating TON’s Long-Term Viability and Market Stability According to Darkfost in the post uploaded on the CryptoQuant QuickTake platform, long-term holders—those who have maintained their positions for over a year—are currently enjoying a 69% profit, even as short-term investors face losses. This dynamic raises questions about TON’s potential as a long-term investment, prompting a closer look at the project’s ecosystem and liquidity. A key metric in this regard is the total value locked (TVL) on the network. Despite market-wide downturns affecting numerous altcoins, data shared by Darkfost revealed that TON’s TVL remains steady at $300 million, maintaining a level of stabi ..

Support the originator by clicking the read the rest link below.