Telegram's troubles weigh on TONcoin and the TON blockchain

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Telegram's troubles weigh on TONcoin and the TON blockchain

  • Toncoin has crashed by 8.5% up to now 24 hours.
  • DOGS additionally fell 8.98% on the identical time.
  • Notcoin (NOT) has fallen 10% over the previous 24 hours, dropping to a low of $0.007628.

Toncoin (TON), the native token of The Open Community, the blockchain related to Telegram, has seen its value plummet over the previous 24 hours, together with different tokens on the blockchain, together with Notcoin (NOT) and DOGS (DOGS).

In accordance with knowledge from CoinMarketCap, TON has fallen by 8.56% and is buying and selling at $4.79 at press time. Moreover, the cryptocurrency's buying and selling quantity has elevated by 63.18% and is now at $351 million. With a market capitalization of $12.14 billion, Toncoin maintains its place because the tenth largest digital asset within the cryptocurrency house, with Cardano (ADA) coming in shut behind in tenth place.

Over the previous seven days, TON has fallen by 10.41%, and over the previous 30 days, it has plummeted by round 21%. Nevertheless, TON has been one of many best-performing tokens on this cycle, up 148.49% since August 2023. The TON token's current weak efficiency could also be associated to the arrest of Telegram's Pavel Durov.

The next chart from TradingView exhibits the relative energy…

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This text Telegram's troubles weigh on Toncoin and the TON blockchain first appeared on Coin Version.