Toncoin Price crashed and entered a bear market after peaking at a record summit of $ 8.27 in June 2024.
Toncoin (tone) dropped from $ 3.53 to $ 3.53, which resulted in an erasure of $ 9 billion because its market capitalization increased from $ 8.8 billion to $ 8.8 billion.
The token accident started after its founder, Pavel Durov, was arrested and accused of 12 crimes in France. His accusations include drug trafficking, sharing images of sexual abuses on children and the authorization of illicit transactions.
The decline accelerated after most of the chips in its ecosystem did not meet expectations. The Hamster Kombat (HMSTR) crashed more than 80% compared to its top of all time, which gives it an assessment of only $ 103 million. Market analysts had projected an assessment exceeding $ 10 billion due to its 300 million users.
Other chips of the tone blockchain ecosystem, including Tapswap, Notcoin, Catizen and Dogs, have also dropped two -digit.
More data show that the number of active portfolios on the tonne blockchain has decreased considerably. Tonstat data indicate that active monthly wallets fell to four million, the lowest level since July of last year. The network had more than 12 million monthly portfolios in August.
The number of chain portfolio activations fell to 30,778, compared to 655,000 in August. Other chain metrics, including daily transactions and annual inflation rates, have also been down to the medal.
In addition, the Blockchain Ton continued to lose market share in other areas. The total value locked in its decentralized financial ecosystem fell to $ 172 million, ranking it like the 37th blockchain. Over the past 30 days, its decentralized exchange protocols have managed only $ 629 million in volume, which has treated $ 40 billion.
Tonceoin price analysis
The daily graphus shows that your culminated at $ 8.2790 in June 2024. He recently formed a model of death of death while the exponential movable mediums of 50 days and 200 days crossed.
Toncoin fell below the level of key support of $ 4.45, which was its lowest point on September 5. He also moved below the level of Fibonacci trace of 61.8%. The relative resistance index and the MacD indicators both point to the bottom.
Consequently, Toncoin should continue to fall, the sellers targeting the key support at $ 2.68, the level of trace of 78.6%.
