TON has entered a low risk area on the Sharpe Ratio Risk Indicator for the first time in 12 months. This comes after a year of significant price fluctuations. Over the past year, TON’s price surged from $2 to $8, before currently sitting at $5.25, according to CryptoQuant data.
Sharpe Ratio Signals Low Risk for TON, Still Early to Buy
The Sharpe Ratio Risk Indicator is now at low risk zone at this price. In the past, when TON found itself in this low risk zone, it could be a while before the lows were reached. This implies that current risk is lower than periods of high risk or volatility have been recorded.
Although the Sharpe Ratio is positive it may be too early to start purchasing TON directly. It is still a developing market and maybe it is better to wait for more signals. TON may be added to a watchlist if that is deemed the right move to make. Those looking to invest may get a better entry point by waiting for the Extreme Low Risk signal.
TON Surpasses 100 Million Users, Still Faces Market Risks
Besides the risk indicator, there are certain signs of growth in the network of TON. There has been an increase in the number of users, specifically, the number of unique users has gone above 100 million. This is a good sign for the future of the coin and its environment and I think that people should take it into consideration.
While the Sharpe Ratio has decreased, it is still important to be wary of potential risks. The market, however, can remain volatile and to purchase at the current price level may not be favorable for all. Ultimately, it is crucial to move forward carefully; despite TON showing signs of stabilizing after experiencing a highly unstable year, as per data from CryptoQuant.
