Toncoin

Coin

<ul class="wp-block-list news-points"> 
 <li>TON dropped 11% to $5.12 amid Pavel Durov’s arrest, lowest since May 1.</li> 
 <li>Metcalfe valuation suggests TON might be undervalued with strong network activity.</li> 
 <li>Technical indicators show bearish momentum, with potential for further price decline.</li> 
</ul> 
Toncoin (TON) has <a href="https://cryptoquant.com/insights/quicktake/66d20ba58e55b539742f07b2-TONs-Price-Decline-after-Pavel-Durovs-Arrest-Puts-the-Currency-at-an-Attractive-" target="_blank" rel="nofollow">experienced</a> a decline in value following the arrest of Telegram’s Founder and CEO, Pavel Durov, in France. On August 26, <a href="https://coinedition.com/pavel-durovs-arrest-shakes-ton-but-chickkings-stands-strong/">TON’s price</a> dropped by 11%, closing at $5.12, the lowest level recorded since May 1. The decline raised questions about the currency’s future but may also present a strong risk-reward situation for investors. 
TON had previously reached an all-time high of $8.17 on June 14. However, the recent fall to $5.12 marks a downturn for the currency. Even with this decline, the current price of <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="nofollow">$5.37 </a>places TON closer to the lower band of its Metcalfe valuation, which currently stands at $4.60. The upper Metcalfe valuation band, meanwhile, is set at $18.40. 
<figure class="wp-block-image size-full">
 <img decoding="async" width="512" height="288" src="https://coinedition.com/wp-content/uploads/2024/08/unnamed-48.png" alt="" class="wp-image-489989" srcset="https://coinedition.com/wp-content/uploads/2024/08/unnamed-48.png 512w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-300x169.png 300w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-380x214.png 380w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-127x70.png 127w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-159x89.png 159w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-255x143.png 255w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-313x175.png 313w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-440x247.png 440w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-414x233.png 414w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-293x165.png 293w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-375x211.png 375w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-328x185.png 328w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-144x81.png 144w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-123x70.png 123w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-129x73.png 129w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-48-355x200.png 355w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://cryptoquant.com/insights/quicktake/66d20ba58e55b539742f07b2-TONs-Price-Decline-after-Pavel-Durovs-Arrest-Puts-the-Currency-at-an-Attractive-" target="_blank" rel="nofollow">CryptoQuant</a>
 </figcaption>
</figure> 
The Metcalfe valuation bands, calculated based on the number of active unique addresses on the TON network, provide a way to assess TON’s value in relation to its user base. 
Interestingly, the TON network saw a rec…
The post <a href="https://coinedition.com/toncoins-metcalfe-valuation-is-the-crypto-undervalued/">Toncoin’s Metcalfe Valuation: Is the Crypto Undervalued?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Toncoin’s Metcalfe Valuation: Is the Crypto Undervalued?

Coin Edition

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