• bitcoinBitcoin (BTC) $ 108,409.00
  • ethereumEthereum (ETH) $ 2,551.85
  • tetherTether (USDT) $ 0.999952
  • xrpXRP (XRP) $ 2.28
  • bnbBNB (BNB) $ 660.82
  • solanaSolana (SOL) $ 150.09
  • usd-coinUSDC (USDC) $ 0.999904
  • tronTRON (TRX) $ 0.286865
  • dogecoinDogecoin (DOGE) $ 0.169170
  • staked-etherLido Staked Ether (STETH) $ 2,551.47
  • cardanoCardano (ADA) $ 0.578564
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,212.00
  • hyperliquidHyperliquid (HYPE) $ 37.79
  • wrapped-stethWrapped stETH (WSTETH) $ 3,090.36
  • suiSui (SUI) $ 2.88
  • bitcoin-cashBitcoin Cash (BCH) $ 498.67
  • chainlinkChainlink (LINK) $ 13.33
  • leo-tokenLEO Token (LEO) $ 9.04
  • stellarStellar (XLM) $ 0.250926
  • avalanche-2Avalanche (AVAX) $ 17.97
  • usdsUSDS (USDS) $ 0.999814
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wrapped-eethWrapped eETH (WEETH) $ 2,734.09
  • the-open-networkToncoin (TON) $ 2.77
  • wethWETH (WETH) $ 2,551.83
  • hedera-hashgraphHedera (HBAR) $ 0.156743
  • litecoinLitecoin (LTC) $ 86.53
  • whitebitWhiteBIT Coin (WBT) $ 45.02
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999758
  • moneroMonero (XMR) $ 314.60
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,350.00
  • ethena-usdeEthena USDe (USDE) $ 0.999130
  • polkadotPolkadot (DOT) $ 3.34
  • bitget-tokenBitget Token (BGB) $ 4.30
  • uniswapUniswap (UNI) $ 7.45
  • aaveAave (AAVE) $ 281.96
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.455900
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 319.88
  • okbOKB (OKB) $ 48.04
  • aptosAptos (APT) $ 4.39
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 182.20
  • nearNEAR Protocol (NEAR) $ 2.13
  • internet-computerInternet Computer (ICP) $ 4.74
  • ethereum-classicEthereum Classic (ETC) $ 16.45
  • crypto-com-chainCronos (CRO) $ 0.080509
  • ondo-financeOndo (ONDO) $ 0.780761
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999863
  • kaspaKaspa (KAS) $ 0.074862
  • fasttokenFasttoken (FTN) $ 4.45
  • mantleMantle (MNT) $ 0.568722
  • gatechain-tokenGate (GT) $ 15.58
  • cosmosCosmos Hub (ATOM) $ 4.03
  • bonkBonk (BONK) $ 0.000023
  • vechainVeChain (VET) $ 0.020415
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.666769
  • official-trumpOfficial Trump (TRUMP) $ 8.49
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.186029
  • skySky (SKY) $ 0.078515
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,925.00
  • render-tokenRender (RENDER) $ 3.16
  • arbitrumArbitrum (ARB) $ 0.326162
  • ethenaEthena (ENA) $ 0.254130
  • quant-networkQuant (QNT) $ 106.83
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,552.18
  • filecoinFilecoin (FIL) $ 2.25
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.49
  • algorandAlgorand (ALGO) $ 0.174052
  • worldcoin-wldWorldcoin (WLD) $ 0.860336
  • usdtbUSDtb (USDTB) $ 0.999655
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997631
  • kucoin-sharesKuCoin (KCS) $ 11.01
  • sei-networkSei (SEI) $ 0.252162
  • binance-staked-solBinance Staked SOL (BNSOL) $ 159.20
  • usdt0USDT0 (USDT0) $ 0.999999
  • jupiter-exchange-solanaJupiter (JUP) $ 0.430796
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,675.29
  • nexoNEXO (NEXO) $ 1.21
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.32
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,908.17
  • spx6900SPX6900 (SPX) $ 1.26
  • fartcoinFartcoin (FARTCOIN) $ 1.10
  • flare-networksFlare (FLR) $ 0.015890
  • celestiaCelestia (TIA) $ 1.56
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999880
  • xdce-crowd-saleXDC Network (XDC) $ 0.065579
  • injective-protocolInjective (INJ) $ 10.36
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999849
  • blockstackStacks (STX) $ 0.643966
  • sonic-3Sonic (S) $ 0.305132
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,723.06
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.47
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,680.30
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.015316
  • optimismOptimism (OP) $ 0.533519
  • pax-goldPAX Gold (PAXG) $ 3,334.19
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,255.00
  • story-2Story (IP) $ 3.14
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,166.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999557
  • wbnbWrapped BNB (WBNB) $ 660.89
  • kaiaKaia (KAIA) $ 0.149472
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,691.18
  • dogwifcoindogwifhat (WIF) $ 0.843150
  • clbtcclBTC (CLBTC) $ 109,014.00
  • tether-goldTether Gold (XAUT) $ 3,327.00
  • flokiFLOKI (FLOKI) $ 0.000084
  • the-graphThe Graph (GRT) $ 0.082385
  • vaultaVaulta (A) $ 0.499554
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 168.34
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.25
  • immutable-xImmutable (IMX) $ 0.411939
  • msolMarinade Staked SOL (MSOL) $ 196.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,757.41
  • ousgOUSG (OUSG) $ 111.71
  • curve-dao-tokenCurve DAO (CRV) $ 0.504690
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • theta-tokenTheta Network (THETA) $ 0.680638
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998046
  • jito-governance-tokenJito (JTO) $ 1.85
  • lido-daoLido DAO (LDO) $ 0.714074
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • galaGALA (GALA) $ 0.013933
  • zcashZcash (ZEC) $ 38.66
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.44
  • saros-financeSaros (SAROS) $ 0.229839
  • iotaIOTA (IOTA) $ 0.155817
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • wrapped-hypeWrapped HYPE (WHYPE) $ 37.75
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 108,034.00
  • the-sandboxThe Sandbox (SAND) $ 0.241518
  • usual-usdUsual USD (USD0) $ 0.997692
  • aerodrome-financeAerodrome Finance (AERO) $ 0.687405
  • raydiumRaydium (RAY) $ 2.18
  • jasmycoinJasmyCoin (JASMY) $ 0.011994
  • super-oethSuper OETH (SUPEROETH) $ 2,552.47
  • tbtctBTC (TBTC) $ 107,899.00
  • syrupMaple Finance (SYRUP) $ 0.525502
  • newton-projectAB (AB) $ 0.008382
  • pendlePendle (PENDLE) $ 3.38
  • walrus-2Walrus (WAL) $ 0.400856
  • tezosTezos (XTZ) $ 0.524531
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,727.88
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,551.96
  • pyth-networkPyth Network (PYTH) $ 0.095160
  • falcon-financeFalcon USD (USDF) $ 0.991532
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,683.32
  • flowFlow (FLOW) $ 0.323767
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,411.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,551.83
  • decentralandDecentraland (MANA) $ 0.261829
  • true-usdTrueUSD (TUSD) $ 0.998310
  • bitcoin-svBitcoin SV (BSV) $ 24.69
  • coredaoorgCore (CORE) $ 0.488132
  • ripple-usdRipple USD (RLUSD) $ 0.999746
  • venomVenom (VENOM) $ 0.229826
  • apecoinApeCoin (APE) $ 0.594130
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999904
  • chain-2Onyxcoin (XCN) $ 0.013623
  • thorchainTHORChain (RUNE) $ 1.33
  • dexeDeXe (DEXE) $ 7.77
  • beldexBeldex (BDX) $ 0.061037
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004324
  • apenftAPENFT (NFT) $ 0.00000044
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.169125
  • morphoMorpho (MORPHO) $ 1.35
  • kavaKava (KAVA) $ 0.396135
  • heliumHelium (HNT) $ 2.31
  • usddUSDD (USDD) $ 0.999831
  • based-brettBrett (BRETT) $ 0.042354
  • staked-hypeStaked HYPE (STHYPE) $ 37.98
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.999102
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006920
  • starknetStarknet (STRK) $ 0.110833
  • stader-ethxStader ETHx (ETHX) $ 2,713.86
  • dydx-chaindYdX (DYDX) $ 0.515392
  • movementMovement (MOVE) $ 0.147555
  • compound-governance-tokenCompound (COMP) $ 40.44
  • neoNEO (NEO) $ 5.39
  • mog-coinMog Coin (MOG) $ 0.00000097
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.997016
  • elrond-erd-2MultiversX (EGLD) $ 13.25
  • conflux-tokenConflux (CFX) $ 0.072301
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,552.90
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 107,911.00
  • ecasheCash (XEC) $ 0.000018
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999963
  • aioz-networkAIOZ Network (AIOZ) $ 0.303108
  • deepDeepBook (DEEP) $ 0.143564
  • eosEOS (EOS) $ 0.499094
  • build-onBUILDon (B) $ 0.357334
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,814.76
  • ether-fiEther.fi (ETHFI) $ 0.934397
  • kaitoKAITO (KAITO) $ 1.45

Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish?

0 49

Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish?

The Toncoin price recovery has been one of the few bright spots in the cryptocurrency market over the past week. The climate of the broad market has been sluggish in the festive period, with the two largest assets Bitcoin and Ethereum struggling to make a mark.

With the Toncoin price now approaching the $6 mark, it appears that the altcoin is now fully in its recovery phase. According to a pseudonymous analyst, a recent on-chain phenomenon suggests that the price rally for TON is only just beginning.

What Happened Last Time TON Staking TVL Ratio Was At A Low Level?

In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Joaowedson discussed the dynamics between the staking TVL ratio and Toncoin price. According to the analyst, there is a correlation between the amount locked on TON and price movements.

The Quicktake analyst highlighted a trend whereby investors withdraw their assets in order to explore trading opportunities whenever there is a price increase. This phenomenon has also been observed in the TON ecosystem,with the TVL metric dropping in recent weeks.

Joaowedson noted that the staking TVL ratio has reached new lows, coinciding with what appears to be a bottom for the price of Toncoin. Ultimately, this suggests that the odds of an increase in the Toncoin price are higher.

Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish?

While the idea of reduced interest in staking leading to price growth seems counterintuitive, it can be justified by the increase in liquidity available for trading.

The Quicktake analyst explained:

When investors withdraw funds from staking, they often transfer them to exchanges for quick trades. This movement increases demand for the token, driving prices higher.

From a historical perspective, a similar situation occurred in March 2024 when the staking TVL ratio shrunk significantly as the TON price soared to new highs. “Interestingly, as interest in staking diminished, funds started migrating to centralized exchanges (CEX) and decentralized exchanges (DEX) like Ston.FI and Dedust, boosting the TVL in those categories,” Joaowedson added.

With investors more willing to make their assets available for trading, there is a higher likelihood of price increases due to growing demand. If this holds true, the Toncoin price could return to around its recent highs.

Toncoin Price At A Glance

As of this writing, the Toncoin price stands at around $5.78, reflecting a 0.5% decline in the past 24 hours. According to data from CoinGecko, the value of TON is up by more than 6% on the weekly timeframe.

Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish?

Featured image from Unsplash, chart from TradingView

Source

Leave A Reply

Your email address will not be published.