- The price of TON took a ip after Telegram Founder Pavel Durov’s arrest.
- As a popular and capable altcoin, TON price seems to be on the mend already.
- By maintaining its bullish trajectory TON remains one of the top investments this bull cycle.
Bitcoin (BTC) maintains its position over the $64,000 price mark. Having taken the $65,000 price mark, bullish sentiment is back up in the crypto market. Some analysts expect another possible dip before a major bullish surge while others expect a direct surge towards new ATHs. This bullish sentiment has seeped into altseason expectations as well.
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Presently, the Crypto Fear and Greed Index is at 55 signaling the return of Greed sentiment in the crypto market. With altcoins such as FET and RENDER performing impressively, many altcoin analysts expect altseason to begin soon. Many altcoins including ADA, VET, and JASMY are all showing bullish signals in their price charts.
TON Price Remains Strong Despite Durov’s Arrest
One altcoin has already set high expectations in terms of significant gains this crypto bull cycle and has even claimed a top 10 cryptos spot. This altcoin is none other than The Open Network’s Toncoin (TON). TON price spiked multiple times in the pre-bullrun phase of the ongoing crypto bull cycle.
Recently, TON price took a hit, the price dipped by 13%. The unexpected arrest of Telegram Founder and CEO Pavel Durov caused this fall. The leader of one of the most respected, trusted, encryption-heavy, and crypto-friendly decentralized networks is now under arrest in France.
TON Remains a Top Option for Investing This Bull Cycle
This led many world leaders like Robert F. Kennedy Jr, Vitalik Buterin, and many others to voice their opinion on what they believe is the true reason behind the arrest, the total dissemination of the right to privacy. The French Government has Durov under arrest for possibly aiding criminal activities on Telegram.
Durov once stated that the US Government is on a mission to gain more power over Telegram’s open-source network. Russia is trying to free Durov while the crypto community remains strong. The dip in TON price is already forgotten as the asset continues to reclaim its bullish streak once again. TON remains one of the strongest crypto altcoins this bull cycle.
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