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Analyzing Toncoin’s Surge: What the Sharpe Ratio Tells Us
The cryptocurrency market has been in a state of flux over the past few days, with many coins experiencing significant price movements. One such coin is Toncoin (TON), which has seen a surge in value of 3.41% over the past day after four consecutive days of uptrend. The data suggests that this upward trend may be indicative of a market recovery.
According to Cryptoquant analysis, the Sharpe ratio for Toncoin has recently declined from its yearly peak, signaling moderation in risk-adjusted returns as the market stabilizes in anticipation of a potential altseason.
Source: ambcrypto.com
