Meme Kombat

Toncoin

Baby Doge Coin

DOGE 2.0

The Toncoin price plunged 15% in the last 24 hours <a href="https://www.coingecko.com/en/coins/toncoin" rel="noopener noreferrer nofollow">to trade at $5.719</a> as of 10:00 p.m. EST on trading volume that skyrocketed 438% to $2 billion.
The slump came after Pavel Durov, the Russian-French billionaire who is the founder and CEO of the Telegram messaging app, was arrested at Le Bourget Airport outside of Paris, France.
A warrant for his arrest was issued by a unit of the French National Police because of Telegram’s lack of moderation and cooperation with the police in matters including drug trafficking and pedocriminal offences, <a href="https://www.tf1info.fr/justice-faits-divers/info-tf1-lci-le-fondateur-et-pdg-de-la-messagerie-cryptee-telegram-interpelle-en-france-2316072.html" rel="noopener noreferrer nofollow">reported French news outlet TF1Info</a>.
TON posted a response to the arrest on X that said, ”We want to assure everyone that the TON community remains strong and fully operational.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Statement from the TON Community
 Following the recent news related to the Telegram’s founder Pavel Durov, we want to assure everyone that the TON community remains strong and fully operational.
 As a community committed to freedom of speech and decentralization, we stand firmly…
 — TON 💎 (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1827490660858933483?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 24, 2024</a>
</blockquote>
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<h2 id="b-toncoin-price-outlook-b">Toncoin Price Outlook</h2>
Just before Durov’s arrest, the Toncoin price had been trading in a sideways pattern as the bears and bulls struggled for dominance. TON had been trading within the $6.91 resistance and the $6.42 support.
The bears won the struggle, with the price of TON dropping below the consolidation phase to as low as $5.50.
<img decoding="async" class="aligncenter wp-image-568803 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/08/TONUSDT_2024-08-25_05-00-16.png" alt="" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/TONUSDT_2024-08-25_05-00-16.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/08/TONUSDT_2024-08-25_05-00-16-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/TONUSDT_2024-08-25_05-00-16-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/TONUSDT_2024-08-25_05-00-16-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
TONUSDT Chart Analysis (Source: Tradingview)
TON now trades below both the 50-day and 200-day Simple Moving Averages (SMAs) as the price sinks.
Moreover, the Relative Strength Index (RSI) has dropped below the 30-oversold region, showing that the asset is under intense selling pressure.
With the RSI crossing below the oversold level, TON is now undervalued, which may be a buying signal. If the bulls start adding to their positions, TON could rebound from the current bearish trend to soar back to the sideways pattern, as they target $7.5.
However, if the selling intensifies, the price of Toncoin could plunge to the major support of around $4.9.
Meanwhile, as TON investors look for more buying signals, traders are betting big on the new play-to-earn (P2E) project <a href="https://insidebitcoins.com/visit/playdoge" rel="noopener noreferrer nofollow">PlayDoge (PLAY)</a>, which is offering investors a last chance to buy after raising more than $6.2 million.
According to 99Bitcoins, a popular crypto channel on YouTube, PLAY has the potential to soar 10X after launch.
<iframe title="PlayDoge New 10X Potential Play to Earn MEME Utility Token (Best Crypto to Buy Now?!)" width="640" height="360" src="https://www.youtube.com/embed/GLvTFi4aMIg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="b-last-chance-to-buy-playdoge-b">Last Chance To Buy PlayDoge</h2>
There is only one day left before the PlayDoge presale ends on August 26 at 10 a.m. UTC, so investors have no time to lose.&nbsp;
PlayDoge combines the iconic Doge meme with the beloved Tamagotchi game from the 90s, creating a fun virtual gaming experience where players play to earn the game’s native token, $PLAY.
Players engage with a 2D Doge pet in a retro-style app, earning $PLAY tokens through activities like feeding, playing, and adventuring with their virtual pets.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Don’t ghost your <a href="https://twitter.com/hashtag/Doge?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Doge</a> or it’ll die 👻
 Feed your Doge, earn rewards, and level up. No mazes, just fun!<a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a> has launched! 🙌<a href="https://twitter.com/hashtag/PlayDoge?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PlayDoge</a> <a href="https://twitter.com/hashtag/P2E?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#P2E</a> <a href="https://twitter.com/hashtag/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Memecoin</a> <a href="https://t.co/Fp2sFwycpj" rel="noopener noreferrer nofollow">pic.twitter.com/Fp2sFwycpj</a>
 — PlayDoge (@PlayDogeGame) <a href="https://twitter.com/PlayDogeGame/status/1796577377746620905?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a>
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Apart from earning rewards through P2E, $PLAY holders can also earn passively by <a href="https://insidebitcoins.com/visit/playdoge" rel="noopener noreferrer nofollow">staking $PLAY</a> for an impressive annual percentage yield (APY) of 73%.
You can buy $PLAY tokens for $0.00531 each. With the presale rapidly nearing its end, buy now before it’s too late.
To join the presale, <a href="https://insidebitcoins.com/visit/playdoge" rel="noopener noreferrer nofollow">buy $PLAY from the official website here</a> using BNB, USDT, or a bank card.
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Toncoin Price Prediction: TON Sinks 15% After Arrest Of Telegram CEO Pavel Durov As Traders Flock To Buy This DOGE 2.0 With Only 1 Day Left

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