TON’s staking patterns echo March 2024’s rally – Higher highs coming?

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  • The staking ratio has begun to dip while the price bounced to $6
  • If the dynamics from March repeat themselves, a strong price move higher can be expected

As a seasoned researcher with over two decades of experience in the crypto market, I find myself quite optimistic about Toncoin [TON]. The recent price surge to $6 and the dipping staking ratio are intriguing indicators that we might be on the cusp of an even bigger bull run.

Toncoin (TON) appears to have a very optimistic trajectory in this cycle. A recent analysis by AMBCrypto even predicts potential bullish goals for this upward trend, reaching up to $19.5. Moreover, insights into the staking ratio suggest that a near-term price spike might be imminent.

Recently, there’s been an increase in positive public opinion about the subject. Simultaneously, the surge in TON token holders with a non-zero balance further emphasizes the natural desire for the token.

Comparing the present-day and March

According to an analysis by Joao Wedson on CryptoQuant Insights, he noticed a connection between the increasing market price and a decrease in TON staking. Specifically, during March 2024, the quantity of TON tied up in staking (staking TVL ratio, represented in purple) decreased substantially as the price trended upward.

When investors perceive a change in sentiment among altcoins, they may choose to move their investments from those coins to trading platforms. This movement can increase the demand for that coin, which in turn can cause its price to rise.

During times of increased market volatility and growth, locked tokens may lack adaptability. This rigidity could potentially limit their usefulness, as seen by the quick decrease in the staking Total Value Locked (TVL) ratio during the previous summer.

The analyst noted that it seemed like TON was moving away from a decline in its price value. As a result, there might be another decrease in the staking Total Value Locked (TVL) ratio, potentially prolonging the upward trend over the next few weeks.

High network growth shows faith in Toncoin

Over the last fortnight, it has been observed by AMBCrypto that both the number of daily active addresses and the network’s expansion have shown an upward trend. Interestingly, during this period, the value of TON climbed from $5 to $6.

The increasing number of distinct addresses engaged in daily transactions, along with the formation of new addresses within the network, suggests a strong interest and high demand for Toncoin.

In the past few months, it appears that significant investors (those holding over 100 TON and up to a million) have been actively unloading their supplies on the market, leading to a noticeable decrease in their number, suggesting increased selling pressure during this period.

Read Toncoin’s [TON] Price Prediction 2025-26

In contrast, smaller holders, those with fewer than 10 Toncoins, have been actively purchasing more. This behavior seems contradictory to the notion that there is a high demand for Toncoin, as the absence of significant whale accumulation might suggest.

A decrease in the staking Total Value Locked (TVL) ratio might suggest that investor sentiment is becoming increasingly optimistic. Over the coming weeks, additional price increases could lead to more tokens being removed from staking to pursue trading possibilities.

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2024-12-27 20:08