As a seasoned researcher who has witnessed the rise and fall of numerous cryptocurrencies, today’s performance of TON-based assets leaves me with a sense of deja vu. The current state of Toncoin (TON) and Notcoin (NOT) is reminiscent of a roller coaster ride, only this time, it’s not the thrill I’m after.
On September 4, 2024, the ecosystem of TON-based cryptocurrencies is experiencing significant losses. The most appealing assets within this system are not meeting market expectations and are performing below the established benchmark. Remarkably, two out of five poorest performers among the top 100 are associated with TON’s digital currencies
Toncoin (TON), Notcoin (NOT) amid worst performing cryptos
In simple terms, among the top 100 digital currencies with the largest market value, Notcoin (NOT) from the TON ecosystem is currently performing the poorest today
As a researcher observing the cryptosphere, I noticed that my ‘Notcoin’ (NOT) portfolio dipped by approximately 6.4% today, a downturn reminiscent of Cosmos (ATOM). On the whole, the market capitalization of the cryptocurrency sector took a hit of around 2%, indicating a widespread dip in values
Toncoin (TON), one of the main cryptocurrencies on the TON blockchain, has seen a decrease of 5.7% today, making it the third-largest drop among all cryptocurrencies. The total market capitalization of cryptocurrencies has fallen below $11.8 billion
As a crypto investor, I’m observing a dip in the value of DOGS, the biggest airdrop on TON thus far. Currently, it’s dropping by 3.4%, and if this trend continues, it might slip below the $500 million market capitalization threshold
Previously reported by U.Today, the cryptocurrency DOGS experienced a continued decline following complications with its airdrop. Over the past week, it has shed approximately one-third of its total value
Furthermore, it’s worth noting that on September 2, 2024, a trader associated with DOGS recorded a substantial loss of approximately $2.72 million from a long position in small-cap altcoins, a significant setback within this market sector
Resistance Dog (REDO) remains lone green spot
In my crypto journey, I’ve noticed an interesting trend: Among the major currencies based on TON, Resistance Dog (REDO) stands out as the one that saw a price hike over the past 24 hours
REDO price is up by 22%; the token’s capitalization is back above $35 million in equivalent.
Beginning in early August 2024, the REDO token experienced an immense surge in liquidity following Pavel Durov’s arrest in Paris. In a swift manner, the REDO price increased by approximately 300%
It seems that the instability within the TON system could largely be traced back to the legal ambiguity surrounding Pavel Durov and the inconsistent operation of the TON mainnet during heavy usage. Furthermore, a sudden drop in the TON price, attributed to API issues yesterday, has sparked fear among investors, causing market turmoil
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2024-09-04 20:25