- A 10% price increase could bring TON’s short-term holders back into profit.
- TON Foundation and Jupiter Exchange to develop a liquidity aggregator and cross-chain swaps.
- Rising sentiment could trigger a bullish rally and attract new market participants.
TON is close to a major breakout. A 10% price increase could put short-term holders back in the green. Rolling Percentage Gains for Holding Periods, a key metric, shows that holders in the 1-week and 1-month range are currently down -6% and -9%.
Even a small price gain can change things, creating a domino effect of renewed investor sentiment and buying interest. A decisive breakout can affect the profitability index, giving market participants a psychological boost.
When investors see profit potential, they get excited, which attracts more traders. This can create a positive loop of buying pressure, improved sentiment, and increased participation, possibly setting the stage for a broader market rally.
Moreover, past trends show that these kinds of market shifts often bring in new buyers as sentiment changes. A 10% increase not only benefits short-term holders but also attracts traders looking to jump on emerging trends.
TON Expands in DeFi with Cross-Chain Swaps
Beyond price metrics, the TON blockchain is also growing in the DeFi space, adding a new dimension to its ecosystem. On December 31st, 2024, the TON Foundation partnered with Jupiter Exchange, a well-known platform for decentralized trading.
Read also: TON Ecosystem Expands with Stablecoins, DEX Growth in 2024
Together, they want to build a cutting-edge liquidity aggregator on the TON blockchain, paving the way for seamless cross-chain swaps. This initiative not only makes TON a key player in DeFi but also shows its commitment to making blockchain more accessible for both institutional and retail investors.
If TON breaks through the 10% threshold, it could start a rally fueled by improving sentiment, stronger participation, and a solid track record of innovation in decentralized finance.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
