Is Toncoin a Steady Eddie Among Cryptos?
Toncoin (TON) has been a bit of a wallflower when it comes to price swings compared to its crypto cousins. As of Tuesday morning, the Distributed Software Platform had dipped a modest 1.66% to $5.26.
Moderate Moves with Modest Risk
According to InvestorsObserver, Toncoin has a moderate volatility rank of 31, putting it in the bottom third of cryptos tracked. But hold your horses, this score isn't based on a single bad day. Instead, it reflects recent trends. Toncoin's moderate price swings are paired with a low Risk/Reward Gauge reading, suggesting it has decent protection from price manipulation.
Room to Grow
The price action for Toncoin looks promising. With support hovering around $4.86 and resistance at $5.58, there's some headroom before we hit any significant selling pressure.
What's the Deal with Coins?
A coin, in crypto speak, is a digital currency that has its own blockchain. These coins are often used for everyday transactions. Depending on the coin you're looking at, those payments can range from general-purpose use to more specific applications.
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