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Positive Signal for Altcoin Price Linked to Telegram: Could Be the Beginning! - Coin Bulletin
As another positive signal is added to the altcoin linked to Telegram, analysts think this could be the start of a trend.
According to on-chain data analysis platform CryptoQuant analyst, signals of transitioning to profitability have emerged for Toncoin (TON) investors, while short-term losses decrease, which could mark the beginning of a positive period in price movements for Telegram-linked Toncoin TON.
CryptoQuant analyst noted that the losses among short-term investors in TON are gradually decreasing. According to the data, as of February 3, 2025, 1-week investors are experiencing a 21% loss, while 3-month investors are facing a 33% loss, but as of February 21, 2025, these figures have dropped to 3.8% and 29.3% respectively. This decline indicates that investors are getting closer to profitability.
CryptoQuant analyst stated that reducing the losses of short-term investors could lead to a positive change in market sentiment. This process could make investors more optimistic, attracting new participants to the market. If this trend continues, it could be the beginning of a more sustainable uptrend in the TON price.
Due to the Telegram connection, TON, which has attracted attention, has become one of the prominent assets in the crypto market in recent times. An analyst emphasizes that the transition of short-term investors to profitability could be a positive signal in terms of price movements.