Povel Durev

Toncoin

Optimism

Elon Musk

<p>On August 25th, 2024,&nbsp;<strong>Durov</strong>&nbsp;was detained by French police at the Airport of Bourget after his arrival on his private jet from Azerbaijan. He was arrested due to an issued warrant under France’s OFIM, which deals with the prevention of violence against minors. <a href="https://www.thecoinrepublic.com/price-prediction/toncoin/" rel="noopener noreferrer nofollow">Toncoin</a> price has naturally seen a rollercoaster ride after that.</p>
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   <p lang="en" dir="ltr">Telegram chief Pavel Durov arrested at French airport<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/iZKbl23Ts0" rel="noopener noreferrer nofollow">https://t.co/iZKbl23Ts0</a> <a href="https://t.co/15AhTXfsRz" rel="noopener noreferrer nofollow">pic.twitter.com/15AhTXfsRz</a></p>— FRANCE 24 English (@France24_en) <a href="https://twitter.com/France24_en/status/1827588728786719067?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 25, 2024</a>
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<p>Many famous profiles on X stepped forward and took part in social protest. Elon Musk shared a video of&nbsp;<strong>Pavel Durov</strong>and stated “freePavel,” showcasing support.</p>
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   <p lang="qme" dir="ltr"><a href="https://twitter.com/hashtag/FreePavel?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FreePavel</a><br> <a href="https://t.co/B7AcJWswMs" rel="noopener noreferrer nofollow">pic.twitter.com/B7AcJWswMs</a></p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1827572720936030703?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 25, 2024</a>
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<p>After the news broke, Toncoin’s (<strong>TON</strong>) value fell steeply. TON’s market cap deteriorated, falling from $17.16 Billion to around $12.9 Billion.</p>
<h2 class="wp-block-heading" id="h-how-dooes-telegram-app-and-ton-crypto-work"><strong>How dooes Telegram App, and TON Crypto Work?</strong></h2>
<p>For the curious,&nbsp;<strong>Toncoin</strong>&nbsp;is a crypto asset that is closely tied to the Telegram messaging app, and&nbsp;&nbsp;<strong>Pavel Durov</strong>&nbsp;is its founder, which is why his arrest led to a fall.</p>
<p>The&nbsp;<strong>TON</strong>&nbsp;was originally developed by Telegram but later launched independently as&nbsp;<strong>‘The Open Network’</strong>. Now, TON works by integrating with Telegram, promising privacy in the messaging app platform. It allows users to utilize Toncoin for storing value, payments, and accessing dApps within the Telegram app.</p>
<p>Similarly, the prices of Notcoin and&nbsp;<strong>Toncoin</strong>&nbsp;fell sharply following Durov’s arrest. NOT is currently trading at around $0.0087, down 7% in the last 24 hours and 20% this week. Meanwhile,&nbsp;<strong>TON</strong>&nbsp;is trading at around $5.42, with a 4% loss and 21% this week.</p>
<h2 class="wp-block-heading" id="h-a-maximalist-shared-a-hope-for-pavel-s-release"><strong>A Maximalist Shared A Hope For Pavel’s Release?</strong></h2>
<p>After all, this happened in the past 24 hours, positive news has arrived per the crypto maximalist @<strong>wiseadvicesumit</strong> (Wise Advice) on X. Per the post shared by the maximalist, the UAE has been following the novel Durev’s case closely. Per the maximalist, he thinks France would not hold him for long.</p>
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   <p lang="en" dir="ltr">Good News For <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> Holders <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f60d.png" alt="😍" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>&nbsp;<br>The UAE is following the Povel Durev case very closely.&nbsp;<br>&nbsp;<br>It seems like France won't be able to hold him for long.&nbsp;<br>&nbsp;<br>If that happens, <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TON</a> and its ecosystem tokens will get a huge boost.<br>&nbsp;<br>If you're supporting the Povel Durev release <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>&nbsp;<br>Use… <a href="https://t.co/CpAPJI65Zt" rel="noopener noreferrer nofollow">pic.twitter.com/CpAPJI65Zt</a></p>— Wise Advice (@wiseadvicesumit) <a href="https://twitter.com/wiseadvicesumit/status/1828333325716529297?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 27, 2024</a>
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<p>Based on the maximalist’s opinion, if Pavel is released under the pressure of many giants’ influence,&nbsp;<strong>TON</strong>&nbsp;and its ecosystem would greatly boost its value.</p>
<p>With positivity spread across the globe on Pavel’s release soon. Notably, TON price has started to show a bullish presence in a critical support zone.</p>
<h2 class="wp-block-heading" id="h-toncoin-ton-price-to-run-on-pavel-s-case"><strong>Toncoin (TON) Price to Run on Pavel’s Case?</strong></h2>
<p>Now, based on its release, the optimism could increase, taking its price higher. But, if the release is denied by France, then the deterioration could continue, too.</p>
<p>Close monitoring over the $5 support zone is a must, as it plays a critical role in its future price. As of writing, the sell-offs were large, which took the price below 200-day EMA.</p>
<p>Similarly, the RSI has dipped to 37.69, shattering the median line of 50, and MACD has formed a broad histogram-based bearish crossover. Based on its price, the outlook looks extremely bearish, and $5 support is crucial.</p> 
<p><a href="https://in.tradingview.com/chart/TONUSD/pQOMvJkD-the-5-support-zone-is-a-must/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>On the contrary, the sentiment across the globe related to&nbsp;<strong>Pavel’s</strong>&nbsp;release, if it becomes a reality, this sentiment could push the price higher toward the $8 mark.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/27/optimism-grows-for-durovs-release-can-toncoin-ton-price-resurge/" rel="noopener noreferrer nofollow">Optimism Grows for Durov’s Release: Can Toncoin (TON) Price Resurge?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Optimism Grows for Durov’s Release: Can Toncoin (TON) Price Resurge?

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