Toncoin Price Prediction: TON Surges 7% As Telegram CEO Pavel Durov Calls France Arrest ”Misguided,” But Traders Rush To Buy This ICO Before Time Runs Out

The
Toncoin
price
surged
7%
in
the
last
24
hours


to
trade
at
$5.13

as
of
03:31
a.m.
EST
on
trading
volume
that
jumped
14%
to
$521
million.

The
TON
price
pumped
after
Pavel
Durov,
Telegram
CEO,
called
his
arrest
by
the
French
authorities
on
Aug.
25
a
”misguided
approach.” 

I’m
still
trying
to
understand
what
happened
in
France.
But
we
hear
the
concerns.
I
made
it
my
personal
goal
to
prevent
abusers
of
Telegram’s
platform
from
interfering
with
the
future
of
our
950+
million
users.

My
full
post
below.

https://t.co/cDvRSodjst

—
Pavel
Durov
(@durov)

September
5,
2024

The
comments
were
Durov’s
first
since
his
arrest
late
last
month.
Durov
said
that
when
a
nation
has
issues
with
an
internet
service,
the
accepted
way
to
deal
with
it
is
by
initiating
a
legal
action
against
the
service
itself,
not
an
individual
behind
the
platform. 

Toncoin
Price
Prediction:
TON
Aims
For
A
Rebound
In
The
Coming
Days

The
Toncoin
price
has
been
on
a
downtrend,
trading
within
a
falling
wedge
pattern,
as
the
bears
took
control. 

However,
the
price
seems
to
have
found
support
around
$4.5,
on
the
lower
boundary
of
the
wedge,
which
has
allowed
the
bulls
to
push
the
price
of
Toncoin
back
to
the
upper
boundary. 

However,
the
Toncoin
price
still
trades
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
which
is
in
line
with
the
recent
price
decrease. 

The
Relative
Strength
Index
(RSI)
supports
the
recent
price
surge,
as
it
is
on
a
rebound
from
below
the
neutral
zone,
currently
at
44
and
moving
up,
an
indication
that
buying
pressure
may
be
picking
up
at
this
level. 

Furthermore,
the
Moving
Average
Convergence
Divergence
(MACD)
moves
towards
the
neutral
line,
which
is
an
indication
that
the
price
is
on
a
bullish
momentum.
The
blue
MACD
line
also
crosses
above
the
neutral
line,
signaling
a
bullish
crossover. 

TONUSD
Chart
Analysis
(Source:
Tradingview)

If
the
bullish
staance
continues,
the
Toncoin
price
could
soar
above
the
wedge,
as
the
bulls
target
the
$7.0
resistance. 

In
an
inverse
scenario,
if
the
bulls
take
control
of
the
price
at
this
level,
TON
could
plunge
back
to
the
$4.3
support
zone,
below
the
lower
boundary
of
the
wedge. 

As
the
Toncoin
price
aims
for
a
bullish
trend
reversal,
investors
are
shifting
into
a
new
Olympic-themed
meme
coin
called


The
Meme
Games
(MGMES) as
it
closes
in
on
the
$500K
mark. 

99Bitcoins,
a
prominent
crypto
channel
on
YouTube
with
over
706K
subscribers,
says
that
$MGMES
could
soar
100X
after
its
launch. 

The
Meme
Games
Offers
Last
Chance
To
Buy
Before
Presale
Ends

The
Meme
Games

presale
concludes
on
Sept.
8,
which
coincides
with
the
final
day
of
the
Paris
Paralympics.
Token
claim
and
DEX
launch
will
follow
on
Sept.
10. 

The
project
draws
inspiration
from
the
2024
Olympics,
blending
crypto
meme
coin
enthusiasm
with
the
spirit
of
athletic
competition.
Such
a
unique
concept
rewards
presale
buyers
with
token
bonuses
for
winning
events,
which
adds
an
exciting
competitive
element. 

Token
holders
can
bet
on
one
of
five
meme
coins
–
DOGE,
PEPE,
WIF,
BRETT,
and
TURBO
–
that
compete
in
the
blockchain
version
of
the
Olympics.
If
your
chosen
athlete
wins,
you
gain
a
25%
bonus
on
your
original
investment.

CRYPTO
BREAKING
NEWS
The
Meme
Games
raises
over
$100K
on
opening
day
of
presale.
The
Meme
Games
presale
raises
over
$100K
in
its
first
24
hours,
capturing
attention
in
the
booming
memecoin
sector.

#partnercontent
check
us
out
@

https://t.co/8dh137buUp

pic.twitter.com/YwzyP2glE4

—
InnovatekMobile
(@Neome_com)

July
17,
2024

The
selection
of
meme
athletes
occurs
randomly
and
is
verified
by
blockchain
technology,
which
ensures
fairness.

Investors
can
also
earn
passively
through
the
project’s
staking
mechanism,
which
offers
an
annual
percentage
yield
(APY)
of
452%.

You
can
buy
MGMES
tokens
currently
for
$0.00945
each.
With
a
price
hike
coming
in
less
than
six
days,
buy
soon
to
secure
the
best
deal. 

Buy
$MGMES
tokens
from
the
official
website
here. 

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