Is it time to sell Toncoin (TON)?

CryptoQuant, a well-known crypto analysis company, recently conducted an in-depth study on the pricing of Toncoin (TON).

The study focused on the price volatility of TON and its adjusted Sharpe ratio, which provides extremely important information for traders.

The main focus of the analysis was the traditional Sharpe ratio, which measures the excess return of an investment relative to its standard deviation. This ratio shows the volatility of investment returns.

CryptoQuant's analysis findings showed that over the past two and a half years, TON's 7-day volatility has consistently exceeded its 30-day volatility. This shows that the price of TON is more prone to sudden fluctuations in the short-term compared to its long-term behavior.

The analysis also points to the speculative nature of the coin and the rise in the number of users engaging in DeFi and GameFi. These factors suggest a significant impact on the token's volatility at a fundamental level.

According to the analysis, based on the 180-day Sharpe ratio, the price of TON seems to have reached a fatigue level. Analysts suggest that this could signal a potential downward trend in the near future.