Is TON on the Verge of Further Losses Before a Turnaround?

January 27, 2025 04:00 AM EST | By Team Kalkine Media

Is TON on the Verge of Further Losses Before a Turnaround? — Image source: Shutterstock

Market Sentiment and Short-Term Movements

The sentiment surrounding TON has remained muted, with the cryptocurrency struggling to gain traction in the short term. Despite minor fluctuations, TON has continued its downward path over the past week. Broader market trends are likely to play a significant role in shaping its future movement, with many awaiting a shift in sentiment that could drive its value in a different direction.

Price Expectations and Key Levels

Some sources have pointed out that TON may continue its downward movement until it reaches a certain level, which has been indicated as $4.9.

Competition from $Trump Token

The $Trump token has recently surpassed TON in market capitalization, drawing attention to this change in the market. This shift highlights the competitive nature of the cryptocurrency market, where various tokens constantly fluctuate in value. The increased market cap of $Trump token may influence the dynamics of TON’s position in the market.

Focus on New Tokens

With the ongoing struggles of TON, there has been a growing interest in newer tokens, such as RTX. As market participants explore alternatives, tokens like RTX are gaining attention due to their different features or market activities. This shift reflects the ever-changing landscape of the cryptocurrency market, where new contenders are continually emerging.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.