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Showing posts with the label price drop

Should You Worry About Toncoin's 40% Yearly Price Drop?

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Toncoin’s (TON) price has faced a substantial price drop over the last year. According to CoinGecko data, TON’s price has fallen by more than 40% since September 2024 and 62.5% since its all-time high of $8.25, which it attained in June of last year. TON is currently down by 0.7% in the daily charts, 1.1% in the weekly charts, 2.4% in the 14-day charts, and 7.8% over the previous month. Let’s discuss if you should worry about TON’s dwindling price. Source: CoinGecko What’s Behind Toncoin’s Massive Price Drop? Source: Asia Crypto Toncoin (TON) climbed to a peak of $8.25 in June of last year amid a bullish market sentiment. The asset has lost substantial steam over the last few months. TON’s lackluster performance could be due to the general bearishness that loomed over the crypto market over the last few months. Some crypto assets, such as Bitcoin (BTC), Ethereum (ETH), BNB, and XRP, climbed to new all-time highs earlier this year. However, other...

Dogecoin Crashes 21% In 30 Days: But It Could Rebound Soon

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Dogecoin (DOGE) is facing a steep price correction. The memecoin is trading in the red zone in nearly all time frames. DOGE’s price is down 1.6% in the daily charts, 13.6% in the weekly charts, 12.9% in the 14-day charts, and 21.7% over the previous month. Despite the massive pullback, the memecoin has risen by 40.4% since June 2024. Source: CoinGecko Why Dogecoin Could See A Recovery Soon Source: Watcher.Guru According to X user “Trader Tardigrade,” DOGE’s average directional index (ADX) seems to mirror its 2020 pattern. DOGE was trading at around $0.004 by the end of 2020. The original memecoin’s price skyrocketed to an all-time high of $0.7316 by May 2021. The rise represents a rally of about 18,175%. If DOGE experiences a similar rally, its price could surge to $31.25. #Dogecoin's weekly Average Directional Index (ADX) shows a lower low following two tops in the mid-zone. This pattern mirrors ADX behavior just before significant moves in 2020 $Doge/W1 p...

Pi Coin Drops 24.13%—What’s Next for Investors

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Pi Coin’s price drop has rocked the crypto world as the token plummeted 24.13% in just 24 hours, leaving investors concerned about Pi Network price prediction and future prospects. This sudden decline raises serious questions about the ongoing crypto market volatility and also what this might mean for Pi Coin’s future value, especially amid broader market challenges that continue to affect digital assets. Source: CoinGecko Also Read: Top 3 Cryptocurrencies That You Should Watch This Weekend Pi Coin Price Drop: Causes, Market Trends & Investor Outlook Source: Motivation Market Forces Behind the Decline The Pi Coin price drop is happening within an already subdued cryptocurrency market, with the global crypto market cap standing at about $2.76 trillion, down approximately 1.69%. At the time of writing, Pi is trading at US$0.8876 with a 24-hour volume of around $51.28 million, and this represents a significant drop that places Pi about 47.11% below its 7-day high of $1.68. Pi h...