CandleFocus Toncoin (TON), Solana (SOL) Next to Reach New ATHs?
2024-12-09
Author: Content Editor
Bitcoin (BTC) and Binance Coin (BNB) recently set new all-time highs (ATHs) in this cycle, leading experts to believe that other cryptocurrencies will soon follow suit. According to a CryptoQuant community analyst, Solana (SOL) and Toncoin (TON) are two altcoins that could potentially reach ATHs. The Price Drawdown Heatmap, which measures the distance a cryptocurrency is from its price record, identified SOL and TON as having potential. SOL is currently 8% below its ATH, while TON is 15% below its peak. Both coins are said to have strong fundamentals, including active development teams and networks. SOL has a total value locked (TVL) indicator of over $9 billion, close to its ATH, while TON's TVL has decreased from $769 million to $387 million since July.
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