Investments in the cryptocurrency Toncoin (TON), issued in The Open Network, have become profitable again thanks to the recent rise in the price of the coin.

In early September, the MVRV (Market Value to Realized Value) indicator, calculated by dividing the market capitalization of an asset by the level of realized capitalization, fell to -18%. This means that TON buyers suffered an unrealized loss of 18%. However, then MVRV started to grow and reached 6.2% on September 14, which means that coin owners calculate an unrealized profit of 6.2%.

Change in the MVRV indicator against Toncoin

People who invested in Toncoin started to suffer losses due to the cryptocurrency's 35% drop after Pavel Durov's arrest in France. Nevertheless, the creator of the Telegram messenger was released on bail, and the price of TON began to rise. Since September 6, the coin has risen in price by 32%, and now its value is $5.69.

However, it is still too early to talk about a turnaround in the Toncoin market. The bearish trend line, which emerged in mid-June, is now at $6.67. Taking into account the dynamics of the asset rate, we can assume that the price of TON will increase by almost 13% from the current value and will reach $6.38. Then the initiative should be taken over by the bears. In this case, the value of the coin will go down again.