Telegram’s Troubles Weigh on Toncoin and the TON Blockchain

• Toncoin crashed an enormous 8.5% previously 24 hours. 
• DOGS additionally dipped 8.98% on the identical time.
• Notcoin (NOT) bled 10% previously 24 hours and dropped to $0.007628

Toncoin (TON), the native token of The Open Community, a blockchain related to Telegram, has seen a pointy decline in its worth previously 24 hours together with different tokens on the blockchain, together with Notcoin (NOT) and DOGS (DOGS).

In line with the information from CoinMarketCap, TON fell an enormous 8.56% and trades at $4.79 on the time of publication. Moreover, the cryptocurrency’s buying and selling quantity jumped 63.18% and is at the moment at $351 million. With a market capitalization of $12.14 billion, Toncoin holds its place because the Tenth-largest digital asset within the crypto area, however Cardano (ADA) is closing in on the Tenth place.

Prior to now seven days, TON is down 10.41%, whereas previously 30 days, it has plummeted virtually 21%. Nonetheless, TON is up 148.49% since August 2023 and was one of many strongest performing tokens this cycle. The latest weak efficiency of the TON token is doubtlessly linked to the arrest of Telegram’s Pavel Durov.

The chart from TradingView beneath reveals the Relative Strengt…

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