Toncoin Plunges Over 10% After Telegram CEO Arrest — Traders Diversify to Dogecoin and DTX Exchange

The wider crypto market is calm and on the rise, but the same cannot be said for Toncoin (TON). The Telegram-based cryptocurrency plunged by over 10% as Telegram CEO Pavel Durov was apprehended in France.

Meanwhile, traders diversify to Dogecoin (DOGE) and DTX Exchange (DTX) amid growing FUD in TON. These cryptocurrencies are riding the current bullish wave, especially DTX, an emerging project that aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi).

DTX Exchange (DTX): The Year’s Biggest Breakout Star?

DTX Exchange (DTX), an emerging altcoin at the convergence of DeFi and TradFi, maintains market buzz. Traders have been stacking up the low-cap gem at $0.04 in the second round of the presale, pushing it past $1.6 million in early funding. But is it deserving of the buzz?

Only a handful of projects make it big after their launch but DTX might have what it takes given its imminent disruption of the $10 billion global trading market. Thanks to its hybrid exchange platform—a blend of DEX and CEX—it has been hailed a trailblazer by industry experts.

Besides allowing the trading of over 120,000 assets across stocks, ETFs, bonds and cryptocurrencies, its focus on global accessibility and financial inclusion makes it a strong contender. This one-stop platform is designed to cater to the evolving needs of traders and has been tipped to become one of the year’s biggest breakout stars.

Toncoin (TON): Significant Price Decline as Telegram CEO Got Arrested

Toncoin (TON) isn’t only a top altcoin but also one of the most popular cryptocurrencies. The emergence of Telegram mini apps pushed it into the limelight, propelling demand. Also, it has been on several price discoveries this year; the latest is $8.24 in June.

However, it plummeted as Telegram CEO Pavel Durov was arrested in France Saturday evening. The alleged offenses include terrorism, money laundering and fraud, among others. Bearing the brunt is the Toncoin price, which has nosedived by over 10%.

Nevertheless, a bounceback is around the corner. This development hasn’t deterred the community—a strong bullish wave is anticipated in the coming days. A Toncoin price prediction stirring up buzz suggests a rally above $7, making it one of the best coins to invest in at the current market price.

Dogecoin (DOGE): A New Investor Favorite

Dogecoin (DOGE), the first and leading memecoin, is back to being an investor favorite—its rightful position. It has been an exciting past few days for the dog-inspired cryptocurrency, as it reclaims $0.11. This jump in interest can be linked to the overall market rally.

Rekindled interest in memecoins is also driving demand. The meme narrative isn’t only popular; it is one of the most profitable. And as the pioneering memecoin, DOGE couldn’t be more appealing, with the currently low Dogecoin price offering a good entry point.

With more room for growth, given the 85% decline from its peak, it is among the best altcoins to invest in. According to a Dogecoin price prediction, a new price discovery will be recorded before the curtain closes on the year. It is no surprise that savvy investors have been doubling down and betting big.

Conclusion

Toncoin is in choppy waters following the arrest of Telegram CEO Durov. Meanwhile, attention has shifted toward Dogecoin and DTX Exchange as the crypto market picks up steam. This emerging altcoin boasts significant upside potential, making it a new DeFi project worth betting on.

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