Notcoin (NOT), Toncoin (TON), Dogs (DOGS) are all bleeding today amid anemic market
Today, Sept. 4, 2024, the ecosystem of TON-based cryptocurrencies is in deep red. The most attractive assets are underperforming compared to the market's benchmark. Two out of five worst performers in the top 100 include TON's cryptos.Notcoin , the first mainstream cryptocurrency of the TON ecosystem, is the absolute worst performer today in the ranking of the top 100 cryptos by market capitalization.Notcoin lost 6.4%, which can only be compared to Cosmos losses.
As covered by U.Today previously, Dogs failed to stop plunging after issues with the airdop. In the last seven days, it lost one-third of its value.Meanwhile, Resistance Dog is the only major TON-based cryptocurrency that managed to see its price increased in last 24 hours.Launched in early August 2024, REDO token witnessed a huge liquidity inflow after Pavel Durov's arrest in Paris; REDO price added 300% in almost no time.
The crisis in the TON ecosystem can most likely be attributed to the uncertainty in the legal status of Pavel Durov and the unstable performance of TON mainnet during high traffic. Also, yesterday's"flash crash" of the TON price indication due to problems with API caused market panic.
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