Toncoin (TON) appears to have now entered a notable phase in its market cycle, 
presenting potential opportunities for investors. A recent analysis by 
CryptoQuant analyst Joao Wedson highlights that TON has moved into a favorable 
risk zone for accumulation, as indicated by the Normalized Risk Metric (NMR). 
This metric evaluates an asset&#8217;s price risk relative to historical data, 
providing a clearer picture of whether the current price levels are suitable 
for investment or if caution is warranted. Related Reading: Toncoin 
Consolidates: Could A Breakout Push TON Higher? Toncoin Current Market Outlook 
The NMR uses moving averages such as the 50-day and 374-day simple moving 
averages (SMA) along with logarithmic differences in price data to determine 
risk exposure. A normalized score ranging between 0 and 1 indicates the level 
of risk, with values closer to zero suggesting a lower chance of price 
decline. According to Wedson, TON&#8217;s current placement in the green zone 
signals reduced risk, making it an appealing opportunity for investors seeking 
long-term exposure to the asset. The analysis further suggests that while the 
medium and long-term risk profiles appear favorable, there remains a 
possibility for TON’s price to revisit historically significant support zones, 
often referred to as the “blue zone” on price heatmaps. Historically, these 
levels have served as price floors and accumulation points for investors 
expecting future price appreciation. Open Interest Decline and Market 
Volatility Trends Another CryptoQuant analyst, Maartunn, has added further 
context to Toncoin’s current market stance. According to his observations, 
TON&#8217;s Open Interest (OI) in the futures market has decreased to $141 million, 
marking the lowest level observed in the past nine months. Open Interest 
refers to the total value of outstanding futures contracts and is a key 
indicator of market sentiment and participation. A decline in Open Interest 
generally signals reduced market activity and lower volatility. While this 
trend is specific to TON, it reflects a broader pattern across the 
cryptocurrency market as the year comes to a close. Historically, periods of 
low Open Interest are often followed by significant price movements, either 
upward or downward, once liquidity returns to the market. Related Reading: 
Toncoin’s 90-Day Returns Turn Positive: Is A Massive Rally On The Horizon? 
Lower Open Interest combined with Toncoin’s favorable risk metrics may suggest 
a period of price stability and reduced volatility. Risk-Adjusted Returns and 
Drawdowns: A Look at Unrealized Profits in TON “The Open Interest and Funding 
Rates chart complements this narrative by highlighting steady open interest 
levels, which demonstrate sustained participation in the TON ecosystem.” – By 
@ShivenMoodley More… pic.twitter.com/DIpNabROij — CryptoQuant.com 
(@cryptoquant_com) December 24, 2024 Featured image created with DALL-E, Chart 
from TradingView

Toncoin Signals Accumulation Phase as Open Interest Hits Nine-Month Low – What’s Next?

Ethereum’s relative strength to Bitcoin could climb in January, which an 
analyst says might trigger an Ethereum “altcoin run.”

Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January

ZachXBT says a hacker has breached 15 crypto-focused X accounts to share scam 
memecoins that have netted the attacker around $500,000.

Hacker breaches 15 X accounts, nets $500K boosting bogus memecoins: ZachXBT

Ethereum (ETH) has started to climb some levels after it fell to the $3,100 
support zone last week. The second-largest cryptocurrency is attempting to 
break from its downtrend, with some market watchers suggesting it is poised 
for a massive run in 2025. Related Reading: Is Altcoin Season Here Already? 
VanEck Answers As Bitcoin Price Struggles Below $100,000 Ethereum Key Levels 
To Reclaim With only a week left in 2024, several market watchers have started 
forecasting the crypto market’s potential performance for next year. Despite 
the recent pullbacks, several analysts have predicted a remarkable performance 
for Ethereum in 2025. The King of Altcoins has struggled to turn the $4,000 
level into support. After breaking past this level earlier this month, ETH has 
been rejected from this price range three times. Its latest attempt occurred a 
week ago when Ethereum soared to $4,100 before retracing 7.3%. As Bitcoin 
(BTC) fell to $92,000, the second-largest crypto continued its freefall to the 
$3,100 support zone, reaching its lowest price in a month. Since then, 
Ethereum has hovered between $3,200 and $3,550 but failed to break past the 
price range’s higher zone for the past four days. However, the cryptocurrency 
has broken out of its downtrend line and is attempting to reclaim the $3,500 
support. A crypto analyst noted that ETH appears to have broken and retested 
its one-week downtrend after reclaiming the $3,400 support. According to the 
post, a “clean breakout” of this downtrend could lead the cryptocurrency to a 
retest of higher levels. Ali Martinez highlighted that ETH’s next big support 
zone was between the $3,032 and $3,132 price range, with 4.85 million ETH 
bought by 3.69 million addresses. Meanwhile, Ethereum’s next big resistance 
wall is between $3,640 and $3,740, where over 2 million addresses bought 
around 4.3 million ETH. To Martinez, “a sustained close outside this no-trade 
zone will determine the direction of ETH&#8217;s trend.” Will ETH Follow 2021’s 
Performance? Analyst Ted Pillows pointed out that “the first four months after 
U.S. elections are often highly bullish for ETH.” Per the chart, Ethereum 
registered massive gains in the first third of the year after the 2016 and 
2020 US elections. In 2017, Ethereum started the year with a 31.92% increase 
in the first month, while it recorded a 78.51% surge in January 2021. In both 
years, ETH hit its peak monthly performances between March and April, seeing 
214% and 44% returns in 2017 and 2021, respectively. If Ethereum repeats this 
historical performance, its price could surge above its all-time high (ATH) of 
$4,878 in January and continue to climb during the rest of Q1. Crypto trader 
Immortal noted that Ethereum’s recent performance resembles its 2020-2021 
price action. According to the chart, ETH saw a significant rise in early 2021 
before consolidating in its new range. This was followed by a breakout and a 
massive drop to retest consolidation zone. Related Reading: Solana Recovery 
Momentum Set The Stage For $194 Resistance Breakout However, when ETH 
reclaimed its breakout levels in 2021, the cryptocurrency continued rallying 
toward its previous ATH of $4,300, eventually hitting its current ATH at the 
end of the year. The trader notes that ETH is retesting the consolidation 
range after last week’s dip, which signals that the cryptocurrency could soar 
in the coming weeks if it follows a similar path. As of this writing, Ethereum 
is trading at $3,501, a 6.3% increase in the last 24 hours. Featured Image 
from Unsplash.com, Chart from TradingView.com

Analyst Forecast ‘Highly Bullish’ 2025 For Ethereum: Is The Bleeding Over?

Decentralized Science (DeSci) is poised for remarkable growth in 2025, fueled 
by utility memecoins, according to a recent report by MV Global. DeSci 
involves integrating blockchain technology into scientific research. Its goal 
is to revolutionize the traditional scientific ecosystem by enhancing 
transparency, decentralization, and collaboration. The report highlighted that 
while such a concept is not […]
The post MV Global predicts significant expansion for DeSci sector via utility 
memecoins appeared first on CryptoSlate.

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