when technology overpass the monetary purpose It’s the time of TON, the ultimate favorite crypto, The Open Network.
I am very enthusiastic about this crypto due to its revolutionary aspect and underlying technology. The 2-blockchain system can resolve a few gaps left behind by past projects. Insure safety and scalability, without sacrificing speedy or increasing transaction costs.
I am a newbie on this network and we have just learned that it recovers all inefficiency left behind without space for a gap or liquidity void. Ergo, every time we see TON increase, stop the price on the spike, cause if it drops, it’s not going to stop at 61%. If LUNC created a cup shape, and the ripple has retraced at 618, TON just drops or hikes. But we must understand why it dropped… even if there is no sense, apparently.
So, despite all the other coins, TON November was ranging, from 9th till 23rd. On Nov 20th it started its bullish phase. Gaining almost 40% in 14 days.
But still, why this drop? In my opinion two reasons behind this. First is liquidation at 7$, Second, escaping from the trap. In a period when everyone is collecting their ATH (all-time high) Ton failed, and did not reach its last higher high at 7.26$.
Due to this reason, tons of TON were liquidated at the psychological level of 7$. Both take profit set there and stop loss set below the last higher high.
I like ton technology, but its circulating supply is just half of the total available, which means that a whale probably owns it, and they can potentially abuse it and manipulate the market.
So, is TON a good investment? In my opinion, yes. It is. Once we have a technology innovation, we just have to be patient enough to wait for the revolution to come itself.
The predictions are good, following a positive instinct regarding the expansion of dApps. But I am still working on its levels.