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The TRX (TRX) percentage indicates that the price of encoded currency may be far from high temperature, a sign that the currency can have more bullish capabilities.
The TONS Sharpe ratio is still much lower than the temperature high area
In QuickTake Cryptoquant mailAn analyst talked about the latest direction in the Sharpe ratio of Tron. The “Sharpe ratio” indicates an indicator that compares the returns of origin in exchange for the risks associated with it.
The rugs are defined in the ratio, the “return” part, as the difference between the average currency return and the risk -free return (i.e. theoretical return involved in the assets that carry zero risks) over a certain period. Maqam, the “risk” part, is the normative deviation of the original returns on the same window (in other words, its fluctuations).
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When the value of this scale is greater than 1, this means that the cryptocurrency is to print returns that exceed its risks. On the other hand, his presence below the threshold indicates that the performance of the assets was faded compared to its fluctuation.
Now, here is a scheme that shows the trend in the Tron Sharpe ratio over the past few years:
As shown in the above graph, the Tron Sharpe ratio decreased from the level of 1 earlier, but its value has since returned above the mark. According to the quantity, the scale is higher than the level has historically accompanied the bullish work.
However, the high value has proven to be a feverish sign, as the original tends to reach the top. “When the modified Sharpe climbs above 40, it often indicates a heating market,” the analyst explains. “In the past, readings of more than 40 years have lined up well with local tops.”
So far since her return above 1, the Tron Sharpe has managed to reach only 8.3, which is significantly less than this pieces. This trend may mean that TRX has not increased its temperature.
“With the continuation of the Sharpe of TRX, away from historical summits, the data indicates that there is a large space for wearing in the potential bull race in 2025,” says quantity. It remains now to see how the currency will develop in the near future, given this style.
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In some other news, the TON network set a new record in the size of USDT transactions last month, indicated by Cryptoquant Maartunn community in X mail.
In total, May witnessed more than 694 billion dollars in the volume of USDT transactions on the TON network. About $ 411 billion of these transfers was generally linked to whales.
TRX price
At the time of this report, TRO is trading about $ 0.272, a decrease of 1 % last week.
Distinctive image from Istock.com, Cryptoquant.com, Chart from Tradingview.com
