Crypto news: yesterday the price of the cryptocurrency TON of Telegram suddenly lost 22%, dropping from $6.8 to $5.2 overnight.
The cause was a very bad piece of news coming from Telegram.
The trend of TON
After collapsing to $5.2, the price of TON then bounced back to almost $6, but subsequently seems to have momentarily stabilized around $5.7.
Note that since August 9 it seemed to have stabilized around $6.5, so the current value is 14% lower than the one around which it had been moving sideways for a couple of weeks.
The most important thing, however, seems to be something else.
In fact, on August 5, during the market crash crypto that brought the price of Bitcoin even below $50,000 for a brief moment, the price of TON had also fallen below $5, so yesterday’s crash was less severe compared to the one at the beginning of August.
Furthermore, considering the entire 2024, the current price of TON is still 140% higher than at the beginning of the year, even though it
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