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Home Markets Analysis

TON experiences 18% loss over the weekend; potential for quick recovery?

Hassan Maishera by Hassan Maishera
August 26, 2024
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TON experiences 18% loss over the weekend; potential for quick recovery?
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Key takeaways

TON is down 18% over the weekend following Durov’s arrest.

$0DOG officially begins trading on Gate.io and MEXC exchanges.

TON, The Open Network’s native coin, is trading below $6 after losing 18% of its value over the weekend. The poor performance comes after Pavel Durov, Telegram’s founder and CEO, was arrested in France on Saturday.

At press time, TON is trading at $5.64 and has dropped to the tenth place in the market. If the bearish trend continues, TON could drop below the $5.5 mark in the coming hours. However, Durov’s release could see the coin rally higher in the short term.

The cryptocurrency market continues to churn out excellent projects that provide unique value propositions to investors and users. Bitcoin Dogs has joined this rank after raising over $13 million during its presale.

Bitcoin Dogs is a new project leveraging the growth of the Bitcoin blockchain to become a leading coin. As the first BRC-20 token ICO on the Bitcoin network, Bitcoin Dogs adds another layer of utility to the blockchain.

It combines the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture to build a solid project.

After raising $13 million during its presale, Bitcoin Dogs is now trading on the Gate.io, Unisat, and MEXC cryptocurrency exchanges. The team is now focusing on rolling out its various products.

Bitcoin Dogs is launching the biggest NFT mint on the Bitcoin network. The team seeks to make the Bitcoin network a leading smart contracts blockchain, similar to Ethereum, Solana, and BNBChain.

Bitcoin Dogs completed its presale and is now trading on three cryptocurrency exchanges. $0DOG has been listed on three Tier-1 crypto exchanges: Gate.io, Mexc, and Unisat.

Data obtained from MEXC showed that $0DOG is trading at $0.02181 per coin. Users can purchase $0DOG on MEXC and Gate.io. However, the only Bitcoin Dogs trading pair available currently is the 0DOG/USDT pair. The crypto exchanges could launch other $0DOG pairs as the project builds liquidity.

If you are interested in investing in the Bitcoin Dogs project, you can only buy the tokens via the above-mentioned cryptocurrency exchanges. This could be an excellent opportunity for investors to purchase $0DOG before it lists on more centralised and decentralised cryptocurrency exchanges.

Bitcoin Dogs could be a big winner in this bull run thanks to the project’s unique proposition to investors and users.

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Conclusion: In conclusion, the cryptocurrency market is full of excitement and potential, with projects like TON and Bitcoin Dogs making waves. Despite the challenges faced by TON following Durov’s arrest, the future remains uncertain but optimistic. On the other hand, Bitcoin Dogs has shown strong potential with its unique features and successful presale. As investors and enthusiasts navigate the volatile crypto landscape, keeping an eye on innovative projects like these can lead to exciting opportunities for growth and profitability.



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