TKO Rises, But Still Hurts: Binance Acquires Tokocrypto, Price Rises But Hasn't Fully Recovered

After being fully acquired by Binance at the end of 2022, Tokocrypto immediately became the center of attention. This move is considered strategic as it paves the way for Binance's expansion into the rapidly growing Indonesian market. The effect? The price of TKO soared high following the announcement, even rising more than 27% at that time.

However, now, despite the new spirit under the Binance umbrella, the price of TKO has not fully recovered. From the chart I posted, TKO is currently at $0.1373 or around IDR 2,313, with a daily increase of about +11.08%. There's a decent momentum, but if we look at the long-term performance:

• 7 days: -25.38%

• 30 days: -33.32%

• 90 days: -70.08%

• 1 year: -77.82%

It's clear that TKO is still in a long recovery phase. Although there was a spike from the lowest point of $0.1070 (on April 7), and it briefly touched $0.1721, the trend remains sideways with significant selling pressure.

What Does This Mean for TKO Traders or Holders?

• For scalpers/day traders: volatility like this can be a quick profit opportunity, especially with a 24-hour volume that is quite active (14.16M TKO).

• For long-term holders: recovery signals are starting to show, but you have to be realistic—TKO is still far from its ATH and needs strong fundamentals to get back there.

With Binance's support, the growth potential of TKO remains. But as usual in the crypto world: hype can push prices, but what makes it sustainable is utility & execution. #Tokocrypto

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