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TON’s Staking Patterns Echo March 2024’s Rally – Higher Highs Coming?
The cryptocurrency market has been witnessing a significant shift in sentiment lately. Investors and traders alike have started to take notice of the changing trends, particularly when it comes to Toncoin (TON). As per recent data, staking patterns for TON have been echoing those seen in March 2024’s rally – and this could signal higher highs ahead.
In an analysis shared by CryptoQuant Insights, it was observed that during the March rally, there was a notable drop in the amount of TON locked in staking. This, combined with rising market prices and growing demand for the token, led to a surge in price action. Fast forward to today, and we’re seeing eerily similar patterns.
The data suggests that this trend could continue, potentially leading to even higher highs for TON’s price. With social sentiment now on the rise, it seems likely that investors will continue to flock to the asset as they did back in March.
Source: ambcrypto.com
