The rate of the cryptocurrency Toncoin (TON) is experiencing fluctuations after the arrest of Telegram founder Pavel Durov in France. Despite this, anonymous cryptanalysts Altcoin Sherpa and The Crypto Dog express optimism, believing that the decline will be temporary. reports Bit Media publication.
Altcoin Sherpa believes that the TON coin can recover all losses and grow by 23%. He plans to hold his positions, expecting a strong reversal in favor of TON with the goal of reaching a level around $6.3 per token.
Crypto Dog also supports this view, arguing that TON should “bounce hard” to levels above $6 in the near future. He has previously noted that the altcoin season is just beginning and that TON will likely be “pumped very heavily.”
But for now, the cryptocurrency is trading at $5.50, and everything depends on the decision of the French authorities. If Pavel Durov is indicted, Toncoin’s decline will probably continue. Otherwise, if it is launched, the coin is likely to grow rapidly.
At the time of publication, the NOT rate was $5.5. Since the beginning of August 28, the cryptocurrency has increased by seven percent.
Previously, there was a major malfunction in the operation of the Durov TON system dead Due to DOG distribution.
What are you thinking?
Source: Gazeta
Jackson Ruhl is a tech and sci-fi expert, who writes for “Social Bites”. He brings his readers the latest news and developments from the world of technology and science fiction.