Notcoin (NOT), Toncoin (TON) Among Worst Performing Cryptos in Top 100 by Market Capitalization
- PHPzOriginal
- 2024-09-05 03:41:101146browse
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.
Notcoin (NOT) is the worst performer among the top 100 cryptocurrencies today, Sept. 4, 2024, as the price of the TON-based cryptocurrency dropped by 6.4%.
The price of Notcoin (NOT) dropped together with the market capitalization, which is down by 2%.
Among the top 100 cryptocurrencies, only two assets are in the red: Notcoin (NOT) and Cosmos (ATOM).
Toncoin (TON), a key cryptocurrency of the Telegram Open Network (TON), is also among the worst performers today with a 5.7% loss.
The price of Toncoin (TON) dropped together with the cryptocurrency market capitalization, which is down by 2%.
Among the top 100 cryptocurrencies, only two assets are in the red: Notcoin (NOT) and Cosmos (ATOM).
The price of Dogs (DOGS), the largest airdrop on TON, dropped by 3.4% and is getting closer to losing the $500 million market capitalization.
As reported by U.Today, the price of Dogs (DOGS) failed to stop dropping after issues with the airdop. In the last seven days, it lost nearly one-third of its value.
On Sept. 2, 2024, a trader suffered a $2.72 million loss after a forced liquidation on Binance.leverage trades
Resistance Dog (REDO) price sees 22% gain
Resistance Dog (REDO) is the only major TON-based cryptocurrency that saw its price increase in the last 24 hours.
The price of the REDO token increased by 22%, bringing its market capitalization to over $35 million.
The REDO token was launched in early August 2024 and quickly attracted liquidity after the news of Pavel Durov's arrest in Paris. Following the event, the price of the REDO token surged by 300% in a short period.
The crisis in the TON ecosystem is likely linked to the uncertainty surrounding Durov's legal status and the instability of the TON mainnet under high traffic. Additionally, yesterday's "flash crash" in TON price indication due to API issues caused widespread market panic.
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