Toncoin, a cryptocurrency linked to
Telegram, has seen a significant impact due to the recent events surrounding
Telegram CEO Pavel Durov. Durov’s arrest triggered a drop in Toncoin, causing it to slump by 20%. This led to calls from the crypto industry for Durov’s release, and a blockchain community initiative was launched to support him.
Despite the bearish trends,
Toncoin managed to trim its losses and showed a better performance than Bitcoin and Ether after its blockchain came back online. There were also indications of ‘whales’ waking up after the price collapse, suggesting potential buying opportunities.
However, investor sentiment appeared mixed, with Toncoin mired in uncertainty over investor losses, an unexpected halt, and competition from new presale coins. Some analysts still predicted rallies for
Toncoin following its abrupt correction, and the possibility of a resurgence after Durov’s arrest remains on the table.
Binance, a popular digital-asset exchange, has issued updates on
Toncoin, and scenarios of Toncoin surpassing Dogecoin and hitting a high surge in 2024 have been considered. However, its position in the top 10 is endangered, and there are calls for investors to switch over to other cryptos.
Toncoin News Analytics from Fri, 23 Aug 2024 11:17:16 GMT to Thu, 29 Aug 2024 19:04:27 GMT -
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- Innovation 1
- Information 5
- Rumor -6
