Crypto experts are predicting a rebound for Toncoin (TON) after a sudden drop in price last week.
Two well-known crypto analysts, Altcoin Sherpa and The Crypto Dog, are both bullish on TON. Altcoin Sherpa, with over 220,000 followers on X (formerly Twitter), believes TON could rally by more than 23% from its current price. He recently bought TON and is holding it, expecting a price increase to around $6.30.
The Crypto Dog, with over 813,000 followers, is also optimistic about TON’s future. He believes the coin could experience a rapid surge back to the $6 range.
This optimism comes after TON experienced a significant drop in price following news of Telegram founder Pavel Durov’s arrest in France. TON reached a high of $6.84 on August 24th but fell to $5.31 the next day, a decline of over 22%.
Both analysts are confident in TON’s long-term potential.
Despite the recent dip, Toncoin is still seen as a valuable asset in the crypto space. The analysts believe that its strong technical analysis and potential for growth make it a worthwhile investment.
It’s important to remember that crypto markets are volatile and investments carry risk. Always do your own research before investing in any cryptocurrency.
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