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Will Toncoin (TON) Bearish Trends Extend into 2025? Price Prediction
Toncoin whales are offloading their coins, sparking a bearish outlook for TON. Despite this, the TON Ecosystem remains optimistic about the coin’s price forecast, with predictions as high as $19.
The past six months have seen Toncoin (TON) in a downward trend, mirroring a broader decline of altcoins against Bitcoin. However, a recent surge in trading volume suggests a potential rebound could be on the horizon.
The bearish outlook is primarily driven by whale investors’ reduced cash inflows into TON since August 2024. Data from Santiment indicates that large-scale sellers have offloaded over 890,000 TON coins since mid-2024, with a significant portion of these sales occurring after Telegram founder Pavel Durov’s arrest in the same period.
The development has sparked concerns about the potential for TON to extend its bearish trends into 2025. Notably, Santiment’s data suggests that whales have been dumping their holdings across several altcoins, posing a risk to the broader market.
Despite this gloomy outlook, the TON Ecosystem remains committed to developing a scalable decentralized finance (DeFi) ecosystem and integrating with the Bitcoin blockchain. This could potentially lead to increased adoption and value appreciation for TON in the long term.
Industry expert Alan Santana has recently predicted that TON will enter a new phase in 2025, ending the bearish patterns observed in previous years. According to his forecast, TON is likely to test new price levels, with early estimates ranging from $9 to $13. Some even predict the coin could reach as high as $19.65.
It is crucial for investors to conduct their own research and consult financial advisors before making investment decisions based on these predictions.
Source: http://www.crypto-news-flash.com
