Experts: Falling Toncoin Prices Could Affect Entire Crypto Market, TON ‘May Fall to $4.60’
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
Russian industry chiefs say that falling Toncoin (TON) prices could affect the entire crypto market, leading to a “short-term” dip.
Per the Russian media outlet Izvestia, BitRiver CEO Igor Runets believes that the risk of a dip is “increasing.”
He said that “a significant drop in TON prices” could “have a temporary negative impact on the entire cryptocurrency market.”
Runets claimed that the arrest of Pavel Durov, the Telegram co-founder, in France last Saturday, “raises important questions about internet freedom, data privacy, and the successful development of the crypto market.”
Pavel Durov, the Russian-born founder of messaging app Telegram, was arrested in France as part of an investigation into crimes related to child pornography, drug trafficking and fraudulent transactions on the platform, French prosecutors saidhttps://t.co/ft1EXJahy5
Ubit CEO Timofey Grigorenko remarked that “as a rule,” some crypto traders tend to “bet on price drops.”
Grigorenko claimed that many opportunistic traders “try in every possible way to manipulate the [value] of their profits” on “the back of major news developments and market sentiment.”
He claimed that a similar phenomenon occurred after Changpeng “CZ” Zhao, the founder of the crypto exchange giant Binance, was sentenced to jail for four months in the United States.
Sergey Ramaninov, an analyst for the Telegram channel RynkiDengiVlast (RDV) said that the “uncertainty surrounding Durov’s arrest” has created some risks for the crypto market.
Ramaninov said that “serious charges” could force
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