Toncoin (TON) has recently captured attention with significant price increases, setting a new all-time high (ATH) exceeding $7.3.
On June 2nd, Toncoin witnessed an 8.60% surge, propelling its price from approximately $6.3 to around $6.8. Subsequently, on June 4th, it experienced another notable spike of 7.48%, reaching over $7.3 and surpassing its previous ATH of around $7.2 set in April.
Despite a brief decline of over 1.6% on June 5th, Toncoin quickly regained its position. Presently, it trades at around $7.3, maintaining the new ATH.
Source: TradingView
Toncoin's Relative Strength Index (RSI) indicates a strong bull trend, with the RSI above 67, nearing the overbought zone.
Data from CoinMarketCap reveals Toncoin's seven-day increase of over 12%, ranking it among the top-performing assets. Only Binance (BNB) surpassed it, boasting over a 19% increase during the same period.
With a market cap of around $17.6 billion, Toncoin currently holds the ninth position by market capitalization. Additionally, its social dominance, although declining slightly, remains significant at over 1.3%, indicating active discussion within the cryptocurrency community.
Source: Santiment
Analysis of Toncoin's Open Interest on Coinglass reveals a substantial cash inflow in recent days, peaking at almost $227 million on June 5th before a slight decline to around $220 million at present.
Toncoin's remarkable performance and growing social dominance highlight its increasing popularity and investor interest, positioning it as a significant player in the cryptocurrency space.
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