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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...

Jim Cramer, the notable CNBC stock analyst, recently showered generous words of praise for the cryptocurrency domain. Cramer shared how certain cryptocurrencies are thriving at the moment and could deliver better returns by drawing a comparison with the precious yellow metal gold. However, the internet is fearing the inverse Cramer phenomenon, which may inadvertently affect the cryptocurrencies mentioned by him. What is this phenomenon all about, and which cryptocurrencies might be affected? Let’s find out. Also Read: Buy Jio Financial Shares: Target 342 With a Profit of 5%, Say Analysts Jim Cramer Praises Crypto Coins Like Bitcoin and Ethereum Source – Investopedia Jim Cramer, the popular American TV personality and a former hedge fund manager, recently announced his adoration for the cryptocurrency domain. While hosting his CNBC show, Cramer stated how crypto can be a great hedge against US deficits while drawing a comparison with gold. The former hedge manager was quick t...

The month of August has been largely uneventful for Bitcoin so far, with the premier cryptocurrency having struggled to reclaim the $65,000 price mark since August 2. Currently, Bitcoin is slightly below $60,000 as the bulls and bears seek to grab control in what has been a range-bound market for the past week. Interestingly, CryptoQuant analyst XBTManager has shared revelations that indicate the BTC market is likely to maintain its current bearish form for the time being. Related Reading Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift 11 hours ago Wide Spot-Perpetual Gap Spells Trouble For Bitcoin On August 16, XBTManager reported that Bitcoin’s Spot-Perpetual Price Gap, as tracked on the Binance exchange, is continually in a negative form indicating that the asset may record more price loss due to a su...