Toncoin surges 25% in a week to leave TON holders 6.2% in profit and…

Toncoin feel significantly a few weeks ago. However, it recovered on the charts soon after, with its gains allowing the altcoin to...

‘s price saw some major bouts of depreciation about two weeks ago. However, it has since started recovering, with the altcoin actively making an effort to revisit it historical levels.

Now, while the asset has not fully rebounded to its previous levels yet, the recent uptrend is still a sign of strong recovery.At the time of writing, TON was trading at around $5.8, with a slight hike of less than 1%. However, with Toncoin’s price rebounding recently, its market capitalization registered a notable recovery. At press time, Toncoin’s market cap stood at over $14.5 billion, propelling it back to ninth position among the market’s biggest cryptos.

The MVRV dropped below zero during Toncoin’s price decline, hitting a low of -18%. This indicated that holders were seeing losses of over 18% on average.

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