Experts discuss whether Toncoin （TON） is overvalued based on user value metrics and market support.
Points
- Toncoin undergoing market revaluation based on user value metrics.
- Concerns about TON being overvalued compared to Ethereum （ETH）.
- Community remains optimistic despite skepticism.
- TON plays a significant role in Telegram’s ecosystem and popular games.
- Short-term price predictions and market behavior analysis.
Toncoin （TON） is undergoing a market revaluation based on user value metrics, sparking discussions about its true market worth. Cryptopolitan reports that concerns about Toncoin’s valuation stem from metrics mapping users to fully diluted market capitalization. By this measure, TON appears overvalued compared to Ethereum （ETH）, with Toncoin users valued at $120,000 each, versus ETH users at $100,000.
Despite these concerns, the Toncoin and Telegram communities remain optimistic. Some speculate that the price could rise to $10. However, skepticism persists, particularly regarding TON’s market price performance and support. Currently, incentives for holding TON include potential for farming airdrops and token circulation within Telegram’s advertising economy. TON is crucial for several popular games on Telegram, which are gaining traction alongside increased interest in clicker games, farming airdrops, and other mini-apps.
In the short term, TON is nearing a critical point, risking a drop below its 50-day moving average （MA）. This has led to predictions of a correction below $5. TON’s price movements often operate independently of broader market trends, driven by its unique factors.
解説
- Fully Diluted Market Capitalization: The total market value of a cryptocurrency if all possible coins or tokens were in circulation.
- Farming Airdrops: Distribution of free cryptocurrency tokens to promote new projects, often requiring users to hold or stake tokens.
- 50-Day Moving Average （MA）: A technical indicator used to analyze price trends by smoothing out short-term fluctuations and highlighting longer-term trends.