CandleFocus

TON Crypto: Volatility Rises Post-Golden Cross, Is $14 Next?

TON crypto's price surged by 35% following the Golden Cross event on November 6, 2024, reaching $6.20. Increased volatility and rising trading volumes, particularly on DEXs like STONfi and DeDust, suggest that the next rally could push the price towards $14. The number of tokens being traded is positively correlated to the price of TON, indicating that user activity on these platforms could be an early sign of price rallies. Transaction volumes for TON have also seen significant increases, particularly in the higher value ranges, indicating growing popularity and increased trading activity. The correlation between transaction activity and price movement suggests the presence of more users and institutions in the TON ecosystem.

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