Most TON holders are facing losses as the
price continues a downward trend after the arrest of
Telegram CEO Pavel Durov. Toncoin's price slumped by 13% within hours and further plummeted as allegations towards Durov unfolded. Despite these setbacks, a number of
projects continue to develop on
TON blockchain. However, the impact on
TON’s price was significant, resulting in a sudden and substantial crash. After an interruption, TON resumed its
block production following the arrest. Wellington-based cryptocurrency exchange,
Binance has announced plans to temporarily halt TON deposits and withdrawals. In the wake of the arrest, several
projects, such as
Telegram Game 'W-Coin', picked TON for token creation. Predications for
TON’s price have been largely negative even though the CEO instilled optimism among investors with his vow to clean the app. As
market volatility hits cryptocurrencies hard,
TON holders are at the risk of facing more losses. Despite the market slump, TON showed signs of resilience.
Whales have added TON, Dogecoin & Mpeppe (MPEPE) to long-term holdings amid predictions of a bull run. The
price of
TON is losing below a crucial structure level, hinting at the possibility of further decline. However, new
beginners could save Toncoin’s price from a 40% crash. Despite the arrest of Durov, Telegram continues to drive crypto adoption. Interest in Shiba Inu and Toncoin declined as FOMO drives investors to AI-powered protocols. News and rumors can cause price swings, for instance, following Durov’s criticism of his arrest, Toncoin price saw a 7% surge.
TON Coin News Analytics from Sun, 18 Aug 2024 07:00:00 GMT to Fri, 06 Sep 2024 22:30:00 GMT -
Rating -2
- Innovation -1
- Information 5
- Rumor -6
