Toncoin, the cryptocurrency linked with the
Telegram Open Network, has faced recent turmoil with notable highs and lows.
The TON surpasses 1 billion transactions even as its native token struggles. A surge of 2,225% has seen TON’s holders hit a record 100 million, with its stablecoin supply increasing significantly. However, it's not all good news; Toncoin has been facing imminent declining prices, leading to ‘death cross’ predictions. A lack of high-value users led to the shutting down of TON wallet drainer operations. The focus shifted to Bitcoin, tarnishing Toncoin's reputation. Stability is hindered by the arrested of the network's creator, Pavel Durov, which led the coin to plummet and faced legal scrutiny in South Korea. Despite these challenges, TON launched
Memelandia to boost the meme coin ecosystem with decentralized tools and was even listed on the Binance exchange. Yet, the ecosystem suffered two outages, with experts attributing this to the sudden surge of DOGS Meme Coin. Amidst all these, Toncoin value aims for $7 while analytics hint at a possible rise to $20 by 2024. Still, the largest TON tokens have collapsed by 50%, with experts questioning the possible reasons. The market is closely observing this tumultuous journey of Toncoin as it fights to make a comeback.
TON Coin News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Wed, 09 Oct 2024 22:00:59 GMT -
Rating -2
- Innovation 4
- Information 7
- Rumor -4
