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#TON #DOGSONBINANCE #TelegramCEO #LowestCPI2021 #SahmRule Shiba Inu price is showing signs of reaching a potential bottom after a prolonged downtrend. As the token hovers close to crucial support levels, the Shiba Inu community finds itself at a pivotal moment, driven by a new voting proposal initiated by the project’s lead developer, Shytoshi Kusama. This proposal could shape the future of SHIB’s ecosystem as the community weighs in on how to best utilize a significant donation to the SHIB DAO.
Further, a technical analysis of the SHIBA may have a slight drawdown to cover before a potential price surge. SHIB price is down 2.1% daily and is trading at $0.00001334.
On-Chain Metrics at Shiba Inu Price Bottom
Over the weekend, Shiba Inu’s lead developer, Shytoshi Kusama, initiated a community vote to decide the use of 37.5 ETH contributed by the fast-food chain Welly to the SHIB DAO. The proposal offered four options, one of which was to burn SHIB tokens. However, key community figures like Jolt and Lola opposed the burn, citing its limited impact on SHIB’s value.
They advocated for using the funds to boost Shibarium’s adoption and develop SHIB-based projects. Early voting results indicate strong community support for these alternative strategies, with 84.55% voting against the burn option.
Data from Santiment shows that social dominance surged to monthly highs, which indicates that the asset is receiving a lot of attention and discussion on social media, which can sometimes precede significant market moves.
However, Shiba Inu price has been steadily dropping since August 24, suggesting that this attention may translate into something other than buying pressure. 
The surge in social dominance was accompanied by more positive sentiment than negative, suggesting that the community believes in the asset’s long-term potential despite short-term challenges. If the broader market conditions improve, the positive sentiment could drive a price recovery.
The Shiba Inu 30-day realized cap fell to a 10-month low, indicating that the recent transactions are happening at significantly lower prices than in the past ten months. This could mean investors’ confidence in the asset’s short-term prospect, potentially signaling further market correction.
The 30-day and 365-day Market Value to Realized Value (MVRV) are currently dropping along with the Shiba Inu price, indicating the average Shiba Inu holder is seeing reduced profitability. Additionally, it can point to negative market sentiment, as investors might lose confidence in the asset’s ability to recover in the short term.
However, a low MVRV ratio can be seen as an accumulation opportunity, as it indicates that the asset is undervalued compared to its historical realized value.
The recent price drop has pushed the total supply of SHIB in profit to a critical zone. Santiment data shows that only 30.71% of Shiba Inu holders are in profit. The asset’s profitability is at a historical support level and at the risk of dropping if the price continues dropping.
SHIB Price Eyes 3% Drawdown Before 16% Surge
Shiba Inu price is currently consolidating between demand and supply zones. Market makers hunted liquidity in the recent swing high, resulting in a drastic downturn.SHIB Inu price prediction shows the asset may find support around $0.00001260 before rebounding to $0.00001460. This constitutes a 3% drawdown followed by a 16% price spike.
However, market makers may hunt for the sell-side liquidity, resulting in a quick run below the support level. Watch out for long bottom wicks and a surge in volume to confirm a rebound.

#DOGSONBINANCE #TON #TelegramCEO #PowellAtJacksonHole #SahmRule Dogs is a new meme coin that launched on TON Network with the largest crypto airdrop ever. The project’s initial trading frenzy crashed the TON blockchain twice and it rapidly broke into the top 10 largest meme coins by market cap.
That’s left meme coin traders and investors wondering what’s next for $DOGS. In our Dogs price prediction, we’ll take a closer look at $DOGS and forecast the price of this meme coin in 2024, 2025
Dogs Price Prediction 2024
Dogs lit up the crypto market this week with one of the largest token launches in crypto history. The project airdropped tokens to more than 42 million Telegram users, including everyone who had interacted with the Dogs mini-app in Telegram prior to the launch.
The sheer scale of the launch proved too much for the TON blockchain, which has crashed twice in the past 3 days since $DOGS began trading. Despite that, trading volume in $DOGS remains over $1 billion. The token has a market cap of $658.88M, making it the 9th-largest meme coin and putting it within sniffing distance of top Base meme coin $BRETT.
$DOGS is actually down 11% from its initial airdrop price, but that hardly looks like a bearish signal for the token. As a free airdrop, it’s no surprise that a large number of $DOGS recipients opted to sell their tokens immediately for a quick profit.
What is surprising is how many people are holding onto their $DOGS tokens. The project built a massive and loyal community virtually overnight. It likely helps that the project was perfectly timed to coincide with the arrest of Telegram founder Pavel Durov, which incited an outpouring of support from Telegram users and the crypto community.
Now the largest meme coin on TON by a wide margin, it looks like $DOGS has real staying power. Its Telegram channel has nearly 17 million subscribers and the $DOGS token is listed for trading on Binance, Bybit, OKX, Bitget, and Gate.io.
All of this points to a lot of momentum for $DOGS to capitalize on through the fall. We predict $DOGS will rise to an average price of $0.0014 by the end of the year.Here’s how we expect the $DOGS price to evolve over the next six months:
Cryptonews Crypto Price Predictions
Dogs ($DOGS) Price Prediction 2024, 2025, 2030
Dogs is a new meme coin that launched on TON Network with the largest crypto airdrop ever. The project’s initial trading frenzy crashed the TON blockchain twice and it rapidly broke into the top 10 largest meme coins by market cap.
That’s left meme coin traders and investors wondering what’s next for $DOGS. In our Dogs price prediction, we’ll take a closer look at $DOGS and forecast the price of this meme coin in 2024, 2025, and 2030.
Dogs Coin Price Prediction 2024-2030
Here are the most important things you need to know from our Dogs price prediction:
Our real-time $DOGS to USD price chart gives the current Dogs price as $0.0012 on August 30, 2024.Dogs has a current market cap of $658.88M, making it the 9th-largest meme coin by market cap just 3 days after launching.We predict $DOGS will continue to gain momentum through the final months of 2024, reaching $0.0014 by the end of the year.Our Dogs price prediction for 2025 indicates an average price of $0.0015 and we think the token could reach a price of $0.0034 by the end of 2030.
Here’s our full Dogs price prediction for 2024-2030:
YearAverage PricePotential LowPotential High2024$0.0013$0.0012$0.00142025$0.0015$0.0014$0.00172030$0.0034$0.0021$0.0054
Dogs Price Prediction 2024
Dogs lit up the crypto market this week with one of the largest token launches in crypto history. The project airdropped tokens to more than 42 million Telegram users, including everyone who had interacted with the Dogs mini-app in Telegram prior to the launch.
The sheer scale of the launch proved too much for the TON blockchain, which has crashed twice in the past 3 days since $DOGS began trading. Despite that, trading volume in $DOGS remains over $1 billion. The token has a market cap of $658.88M, making it the 9th-largest meme coin and putting it within sniffing distance of top Base meme coin $BRETT.
$DOGS is actually down 11% from its initial airdrop price, but that hardly looks like a bearish signal for the token. As a free airdrop, it’s no surprise that a large number of $DOGS recipients opted to sell their tokens immediately for a quick profit.
What is surprising is how many people are holding onto their $DOGS tokens. The project built a massive and loyal community virtually overnight. It likely helps that the project was perfectly timed to coincide with the arrest of Telegram founder Pavel Durov, which incited an outpouring of support from Telegram users and the crypto community.
Now the largest meme coin on TON by a wide margin, it looks like $DOGS has real staying power. Its Telegram channel has nearly 17 million subscribers and the $DOGS token is listed for trading on Binance, Bybit, OKX, Bitget, and Gate.io.
All of this points to a lot of momentum for $DOGS to capitalize on through the fall. We predict $DOGS will rise to an average price of $0.0014 by the end of the year.
Here’s how we expect the $DOGS price to evolve over the next six months:
MonthPotential LowAverage PricePotential HighSeptember 2024$0.0012$0.0013$0.0013October 2024$0.0013$0.0013$0.0013November 2024$0.0013$0.0013$0.0013December 2024$0.0013$0.0013$0.0014January 2025$0.0013$0.0014$0.0014March 2025$0.0013$0.0014$0.0015
Dogs Price Prediction 2025
We anticipate that Dogs’ momentum could continue into 2025, aided by a strong crypto bull market that pushes more investors into top meme coins.
Analysts expect that Bitcoin could soar to $200,000 in 2025, driving a frenzy in crypto trading activity and raising the profile of meme coins like $DOGS. In the past, growth in BTC has encouraged more high-risk, high-reward investing approaches, which typically benefit meme coins.
The biggest unknown in 2025 is the future of Telegram and its founder, Pavel Durov. French authorities recently charged Durov with a wide range of crimes. Continued attention on Durov—including a potential trial—in 2025 is likely to boost $DOGS and make it a symbolic meme coin of resistance to authorities. That’s a theme that resonates with many in crypto and on Telegram, so look for millions of people to buy and hold $DOGS in solidarity with Durov.
On the other hand, attacks by government authorities on the functionality of Telegram itself have the potential to materially harm $DOGS. The meme coin—and the TON blockchain as a whole—are interwoven with Telegram, and a decline in the number of users on the messaging app could cause a significant sell-off in $DOGS and other top TON meme coins.
That said, we think a major attack on Telegram is unlikely in 2025, even if the platform does face regulatory headwinds. With more than 900 million users, Telegram’s community would be the 3rd-largest country in the world. It’s not going to be easy for one European country, France, to dismantle the platform.
With all of this in mind, we predict that $DOGS will rise to an average price of $0.0015 in 2025, with a possible high price of $0.0017.

#TON #DOGSONBINANCE #TelegramCEO #PowellAtJacksonHole #SahmRule The Shiba Inu (SHIB) meme-themed cryptocurrency has again stirred optimism among crypto market traders and investors globally. As the dog-themed meme token registered over a whopping 28,000% surge in its burn rate today, market sentiments on SHIB price action ahead have turned highly bullish. Meanwhile, the token also secured a major futures listing on a renowned crypto exchange recently, further solidifying investor optimism across the broader market.
Shiba Inu Burn Rockets Over 28,000% Sparking Market Optimism
According to data facilitated by the tracker Shibbrun on X today, August 30, Shiba Inu’s burn soared a whopping 28,145% in the past 24 hours. This massive surge is primarily attributable to a staggering 96.43 million SHIB burnt over the past day.Further, the weekly burn rate surge totaled 301% at press time, garnering additional optimism for the token. SHIB community notified on X that 172.99 million tokens were burned in the past seven days.
Simultaneously, the total supply shrank to 589.27 trillion SHIB, with massive burns coming into play. As the top meme coin’s supply takes a hit, market sentiments turn bullish, mirroring the law of supply and demand.
Meanwhile, it’s also worth noting that Shiba Inu secured futures listing on Kraken, one of the top crypto exchanges. This recent listing endeavor enhances the meme token’s investor appeal, offering increased flexibility and accessibility in trading options.
Altogether, the recent developments paint an optimistic scenario for SHIB price action ahead. However, the token trades in the red zone today.
SHIB Price Tumbles Today, Will It Rise?
At press time, SHIB price slipped 0.7% in the past 24 hours to trade at $0.00001393. Its intraday lows and highs were registered as $0.00001389 and $0.00001452, respectively. Today’s waning movement aligns with the broader market movement. Bitcoin and major crypto prices today witnessed a trading session in the red zone.
However, Coinglass data illustrated a 0.44% uptick in Shiba Inu futures OI within the 4-hour time frame. This was accompanied by a 0.06% surge in the 24-hour chart, with the OI resting at $28.44 million as of writing. Nonetheless, the token’s derivatives volume saw a 15.33% decline in value to $44.48 million, sparking speculations among market participants.
Simultaneously, the RSI rested along 45, indicating a neutral stance for the asset. Overall, market stats illustrate that the coin might face short-term volatility, although long-term prospects remain bullish, with the burn chronicles further weighing in.

#TON #DOGSONBINANCE #TelegramCEO #LowestCPI2021 #SahmRule Pepe and Bonk are two of the leading meme coins. These tokens have a history of delivering significant price rallies when they were in their prime. The altcoin market has mellowed since Bitcoin dipped below $57K, ushering in a wave of new low price thresholds for such tokens to trend over.Now that Bitcoin seems to be recovering, the meme coin season is getting back on its feet. Let’s find out how BONK and Pepe will perform in September 2024.
BONK is a promising Solana-based meme coin that was launched in 2022. The token has amassed a robust fan community since its launch two years ago. Since its launch, BONK has surged nearly 16620% and is currently trading at $0.00001831.
According to CoinCodex, BONK may surge by a staggering 200% in September to hit the new $0.00006019 price level.
According to our current Bonk price prediction, the price of Bonk is predicted to rise by 228.51% and reach $0.00006019 by September 28, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 29 (fear). Bonk recorded 12/30 (40%) green days with 11.12% price volatility over the last 30 days.
PEPE Price Prediction
Pepe is another stellar crypto meme token that has been a fan favourite. The token noted a massive price surge in May when it claimed an all-time high price of $0.000012. Since then, the token has plummeted to trade at $0.000007726 but is holding steady support, showing signs of a gradual price ascent in September.According to CoinCodex, Pepe may note a 200% price surge to sit at $0.00002564.

#DOGSONBINANCE #TON #TelegramCEO #SahmRule #BlackRockETHOptions The DOGS meme coin, rooted in the Telegram ecosystem, is making waves in the crypto market for extreme volatility. Originally inspired by Spotty, a mascot beloved by Telegram users, DOGS quickly gained traction following its Token Generation Event (TGE) and subsequent listings on major exchanges. Will the new listing pair on Binance bolster a sustainable recovery in DOGS price prediction !!
DOGS Price Prediction Hints Recovery Amid Binance’s New Trading Pairs
Today, Binance announced the launch of new trading pairs and expanded Trading Bot services.The new trading pairs, including the DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC, will be available for trading on August 28, 2024, at 13:00 (UTC).
Additionally, the largest crypto exchange by volume, Binance, will enable Trading Bots services for ETH/EUR, SOL/EUR, 1000SATS/TRY, BONK/TRY, PEPE/TRY, and USDC/USDT, which will be accessible at 13:00 (UTC) the same day.
Introducing new trading pairs typically increases market liquidity and offers more trading opportunities, potentially driving volatility. Thus, the DOGS price prediction signals a potential dynamic move this week as it becomes easily accessible to different regions, expanding the token’s global presence.
DOGE Token Secures Crucial Support
On August 26th, DOGS price prediction showed a sudden crash to $0.0001 following the token unlockof 502.48 billion DOGS, representing 92% of Max Supply. However, after its Binance listing, the token swiftly rebounded to $0.0012, recovering most of its intraday loss.The Dog-themed meme coin indicates a minimal intraday increase of 0.02%, bringing its value to $0.0012. The neutral behavior bolsters buyers to stabilize above the psychological level of $0.001. Amid the new trading pairs by Binance, the token price could rebound 153% to retest the $0.0031 resistance.
The momentum indicator Relative strength index close to the oversold region could attract buyers to capture discounted token value.
However, until the overhead resistance is intact, the DOGS price prediction could project a sideways to a bearish trend. A potential breach above $0.0031 could signal an early sign of recovery.

#DOGSONBINANCE #TelegramCEO #BinanceBlockchainWeek #LowestCPI2021 #SahmRule Alameda’s $WLD sell-off may drive further price declines below $1.50.
Alameda’s diverse holdings show strategic risk management amid market volatility.$WLD’s RSI suggests potential rebound as it nears oversold territory.
Alameda Research, the trading arm of the collapsed FTX exchange, holds substantial cryptocurrency assets, including $BIT and Worldcoin (WLD), according to recent reports. Investors are particularly interested in understanding the extent of Alameda’s crypto portfolio, its risk management strategy, and the effect on specific cryptocurrencies like Worldcoin (WLD).
Alameda Research continues to manage its cryptocurrency assets and Spot On Chain reveals that Alameda still holds significant amounts of various cryptocurrencies, including $BIT and $WLD.
Specifically, Alameda currently holds roughly 98.86 million $BIT, valued at about $78.8 million, and 24.3 million $WLD, worth around $36.2 million. This diversification suggests a strategy to spread risk across different assets.
Since August 9, Alameda has deposited 698,312 $WLD (equivalent to $1.13 million) in four small batches to Binance at an average price of $1.622. This activity is likely…

#DOGSONBINANCE #TON #TelegramCEO #SahmRule #BlackRockETHOptions Wrapped LUNA Classic (WLUNC) has seen a 28% upswing in its price following the reopening of Terra Classic’s Shuttle Bridge. The Shuttle Bridge reopening enables users to transfer their LUNC and USTC assets bridged from networks such as the Ethereum mainnet, BNB Chain (BSC), and Harmony back to Terra Classic.
WLUNC Soars 28% As Terra Opens Shuttle Bridge
In a recent development for Terra Classic users, the Shuttle Bridge has been reopened, allowing for the transfer of wrapped assets back to the network. This update has sparked a 29.99% Wrapped LUNA Classic price surge to $0.00008246 alongside an increase of 28.94% in the WLUNC market cap. 
Concurrently, the trading volume for WLUNC increased massively by 237.75% to $173,906.22, indicating heightened trading activity and investor interest. This bullish trend in WLUNC demonstrates the market’s positive reaction to the updates to facilitate asset management and redemption. 
Additionally, The bridge’s reopening enhances WLUNC’s liquidity and ensures users retain control over their cryptocurrencies. 
However, LUNC price reaction was mild, with a 0.65% surge at the time of writing. The token has, however, broken the $0.00008406 intraday resistance level, signaling a potential rally.
Shuttle Bridge Reopens For 30-Day Asset Redemption
The bridge will stay operational for 30 days following the projected effective date of Terraform Lab’s Chapter 11 plan, which is anticipated to be around October 30, 2024. This date is contingent upon an expected implementation date of September 30, 2024, which may be adjusted.
Following the closure of this window, any assets still within the bridge’s contracts will be burned. Hence, users of the Terra Shuttle Bridge were advised to redeem their assets before the expected deadline.
Moreover, this period also coincides with Terra blockchain’s engagement with the SEC following a settlement that led to structural changes. The operational updates and the asset redemption window are part of a strategy to ensure compliance with regulatory frameworks. 
Amidst these operational updates, Terra Classic has also put forth Proposal 4818, a governance initiative that marks a transition in the platform’s management. The proposal aims to upgrade Terra’s mainnet to version 2.12.4. It also mandates a 5% minimum commission rate for validators, ensuring a consistent and fair revenue model.
The proposal has received overwhelming support from the community, with 98.55% voting in favor. This endorsement reflects trust in the platform’s direction and governance as it prepares to hand over operations to community-led initiatives. 

#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #LowestCPI2021 #SahmRule Terraform Labs reveals a major governance proposal for the Terra blockchain, gaining attention from the crypto community. The proposal, which aims to mark the final chain upgrade under TFL’s direct oversight, is expected to trigger a rally in LUNA and LUNC tokens. It involves several upgrades, including a major token burn proposal among others.
It’s worth noting that as of writing, the majority votes were cast in favor of the proposal, with no votes towards a “No” or “No with Veto”.
Final Upgrade Proposal Of Terra
The TFL’s governance proposal, known as Proposal 4818, started on August 22 and the voting will end on August 29. It aims to upgrade Terra’s mainnet to version 2.12.4. Notably, this move comes as TFL said that it is winding down its operation following an SEC settlement and implementation of its Chapter 11 plan.
This upgrade, if approved, will mark the final development by TFL. In other words, the TFL will no longer support future chain updates, and the blockchain’s future will be left in the hands of community-driven initiatives like the Phoenix Directive.
Meanwhile, one of the major aspects of this upgrade is the enforcement of a 5% minimum commission rate for validators. This follows a previous governance decision under proposal 4803, which established the global minimum commission rate. Notably, the upgrade will ensure that all the current and new validators follow this rate, which would help in enhancing the network’s integrity.
However, the most notable change, which is already gaining traction, is the burning of TFL’s LUNA holdings. TFL aims to burn LUNAthat it had in its possession, complying with the bankruptcy court order. This would include assets locked in a vesting contract, which will be burned directly following the upgrade.
In addition, the TFL plans to address the issue of compromised wallets and illegally minted assets from the IBC exploit. It will help ensure that the assets are permanently removed from circulation, reflecting a step towards users’ safety and transparency.
Meanwhile, the removal of the blacklist functionality is another significant change with the upgrade. It which was initially implemented to prevent further withdrawals by the IBC attackers.
LUNA And LUNC Prices To Rally?
The decision to burn a substantial amount of LUNA has fueled optimism among investors and the Terra community. Token burns typically reduce the circulating supply, which can create upward pressure on prices if demand remains constant or increases.
Having said that, many are speculating that LUNA and LUNC could experience a significant price rally following TFL’s latest announcement. Notably, 98.55% of the total votes were cast in favor of the proposal, with only 1.45% vote for Abstain.
Meanwhile, as TFL steps back, the Terra blockchain’s future will increasingly rely on community-led initiatives. The Phoenix Directive, set to take over operational responsibilities, will play a crucial role in guiding the network’s evolution.
However, as of writing, LUNC price was down nearly 5% to $0.00008412, with its trading volume declining 52.56% to $17.81 million over the last 24 hours. On the other hand, the LUNA price was down 3.83% to $0.3707, after touching a high of $0.3889 in the last 24 hours.

#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #BinanceBlockchainWeek #BlackRockETHOptions Crypto analyst Man of Bitcoin recently provided insights into Bonk’s (BONK) trajectory using the Elliot Wave Theory. As part of his analysis, the analyst revealed how high the Solana meme coincould rise on its next leg up. 
BONK To Rise To $0.000027 On Next Leg Up
In an X (formerly Twitter) post, Man Of Bitcoin predicted that BONK would reach $0.000027 in the third wave of his Elliot Wave analysis. The analyst noted that BONK already broke above the first wave of $0.000022, which confirms that it can indeed make such an impulsive move to that price level. 
BONK looks to have already completed the corrective Wave 2 move, seeing how it has recovered from the $0.0000167 price level, which the analyst highlighted as the bottom during this price correction. Moreover, from the chart that Man of Bitcoin shared, BONK’s rise to $0.000027 is expected to happen sometime in September. 
Once that impulsive move to $0.000027 is over, BONK is expected to experience another price correction, dropping to $0.000023 this time around. Meanwhile, Man Of Bitcoin offered a much more bullish prediction for BONK, with his chart showing that the fifth largest meme coin by market cap will rise to $0.000029 on its fifth wave. 
A rise to that price level is still well below its current all-time high (ATH) of $0.000047, reached in March earlier this year. However, there is no doubt that it could reach price level again and even rise higher, especially with crypto analysts like Quinten François suggesting that the bull run has yet to begin. It is worth mentioning that BONK hit its ATH around the time Bitcoin hit its ATH of $73,000. As such, BONK could hit a new ATH as the flagship crypto reaches a new ATH. 
Other Bullish Predictions For The Meme Coin
Crypto analyst Jacob Canfield has also provided a bullish prediction for BONK, stating that the meme coin’s market cap could reach between $5 billion and $10 billion. He made this statement based on his bullish outlook for Solana, which he believes can reach a minimum target of $600 and a maximum target of $1,700 in this bull run. 
Related Reading: Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance
Crypto analyst Sleek Crypto noted that BONK still has plenty of room to run in this market cycle and predicted that the meme coin could delete two zeros and rise to as high as $0.0011. Meanwhile, crypto analyst Zer0 stated that BONK has the potential to pull a 20 to 50x before the end of this cycle. 
At the time of writing, BONK is trading at around $0.00002072, up over 1% in the last 24 hours, according to data from CoinMarketCap. 

#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole #LowestCPI2021 French prosecutors have announced that Telegram CEO Pavel Durov could potentially be released by Wednesday. However, the market is skeptical and does not fully expect his release by that date. This uncertainty reflects ongoing doubts about whether the timeline will be met.
Telegram CEO Pavel Durov May Be Free by October, Say Bettors
Telegram CEO Pavel Durov could potentially be released as early as Wednesday, according to statements from French prosecutors. However, market predictions are less optimistic, with many bettors on Polymarketforecasting a release before the end of September rather than in August.
Durov has not yet been formally charged, but he is being detained as part of an investigation into alleged activities linked to Telegram, such as money laundering, drug trafficking, child exploitation, and failure to cooperate with authorities.
Polymarket bettors currently estimate a 78% chance that Durov will be released before October. Shares for this prediction are priced at 78 cents each, offering a payout of $1 in USDC (a stablecoin) if the forecast is accurate, and nothing if it isn't.
Durov was taken into custody on Saturday, August 24, 2024, at 8:00 PM local time upon his arrival at Le Bourget airport, a general aviation hub north of Paris. He could potentially remain in detention until Wednesday, August 28, 2024, at 8:00 PM. However, bettors are wagering that his stay may be extended beyond this date.
What could Happen To Toncoin?
Based on the recent developments with Telegram CEO Pavel Durov, the potential implications for Toncoin could be significant. Durov’s arrest has introduced a layer of uncertainty and scrutiny around Telegram and its associated projects, including this cryptocurrency.
If Durov’s detention extends beyond the expected timeline, it may affect market sentiment and investor confidence in Toncoin. The extended uncertainty could lead to increased volatility in their prices, as traders react to the ongoing situation. Additionally, any legal or regulatory developments related to Durov could have a direct impact on the operational status and adoption of Toncoin.
Conversely, if Durov is released on schedule and the situation stabilizes, Toncoin might seea rebound in confidence and market value. Investors may view his release as a signal of resolution and stability, which could positively influence the prices and overall sentiment towards this coin. However, the extent of this impact will depend on the broader market reactions and any additional developments in Durov's case.