Discover how TON Network is revolutionizing the blockchain world with DOGS token and Pavel Durov’s influence. Dive into the full story now!
TON Network is gaining success. This network is said to be the most active blockchain in the crypto market. According to the @intotheblock account on social media X, TON is said to have had significant growth this year.
So, what is the reason for TON Network’s recent success? Is it true that the arrest of Pavel Durov in Paris had an impact on TON? Check out the answer by reading this article to the end.
DOGS Airdrop Impact for TON Network
One of the coin memes that is causing a stir-holder crypto is DOGS. Since its launch at the end of August, DOGS has attracted the attention of many users and made a great contribution to the TON network.
As a result of the DOGS airdrop, the TON network saw an increase of 2.19 million unique wallets with active balances.
Not only about the DOGS hype, this memecoin is cool to look at. DOGS price reached its ATH in early September and currently continues to show promising increases and even indicates bullishness.
Source: Market Bitrue
When this article was written, market DOGS to USDT had increased by +3.11% so it was trading at $0.0010408. When compared to yesterday, DOGS did experience a price increase, but the DOGS RSI indicator line fell below 50, which means the selling trend is higher than the buying trend.
Is it True that Pavel Durov’s Arrest Affected TON Network?
Source: The Block Data
Simultaneously with the launch of the DOGS token, the Pavel Durov incident shocked the crypto ecosystem, especially loyal Telegram users. This Telegram CEO was suddenly arrested while at Paris airport and this arrest caused the price of several tokens on the TON network to decrease.
Right around the time of Pavel Durov’s arrest on August 24, transactions on the TON network increased sharply. The average transaction reached a new record with 8.68 transactions a day on August 31.
This number surpassed the previous record on January 17 with 8.56 transactions in a day. And since Pavel Durov was appointed, transactions on the TON network have increased by 160%. To this day, the number of transactions on the TON Network continues to increase.
Impact of Increase in TON Network Transactions on TON Tokens
The fantastic increase in the TON network influences the price conditions of the TON token. When this article was written on September 12, price TON to USDT was $5.3863 with a gain of +2.25% in 24 hours. Previously, TON reached its highest price in 24 hours at $5.4487.
It’s not just about rising prices, the RSI TON indicator also gives positive signals. TON’s RSI line is at 62.84, which means there are far more TON buying transactions than selling transactions.
This positive trend is reflected in the TON MACD line which is moving up above its limit line. This indicates that TON may experience a bullish trend shortly.
If you want to check TON and DOGS prices in real-time, the Bitrue website can help you. You can even check the latest news about the crypto ecosystem so that you stay up to date with the various crypto projects that are being carried out.
This press release has also been published on VRITIMES