Toncoin (TON) holders were jolted yesterday when news broke of co-founder Pavel Durov being arrested at a private airport in France. The resulting panic crashes TON to below $5.60 and caused significant panic in holders.
Similarly, Binance Coin (BNB) significantly lagged behind market trends with another pullback. While the community is anxiously awaiting the release of Binance founder Changpeng Zhao, investors have turned their attention towards other promising initiatives, including viral trading exchange IntelMarkets (INTL).
Read on to learn about what the future holds for the The Open Network (TON) and Binance (BNB) and why investors from these projects are adding a newcomer to their portfolios.
Toncoin (TON) Community Panics After Founder Arrested
Toncoin, the digital currency of The Open Network (TON), saw a significant crash recently after the Founder Pavel Durov was arrested at the Bourget Airport near Paris. The arrest caused a wave of panic in the Telegram community as prosecutors leveled charges of money laundering, terrorism, and conspiracy to fraud.
As a result, the price of TON crashes down to $5.53 before recovering slightly to reach $5.71. The bearish response signals the concerns in the community about the future of the project. However, traders need to be cautious about taking bearish positions in the project because an immediate release could result in a massive short squeeze.
The Open Interest in Toncoin (TON) is also hitting record levels as traders bet on a quick comeback for the project. Coinglass data shows that the open interest in the project is currently up to $305 million. This increase in trading activity shows traders actively responding to the ongoing situation with Toncoin.
Binance (BNB) Faces Short-Term Pressure Before Rally
While the Binance (BNB) community is anxiously awaiting the release of founder Changpeng Zhao, the short-term price movement shows bears taking charge of BNB’s price. Initially launched as a utility token for Binance, BNB currently serves as a way for investors to share profits with Binance and get discounted trading fees and other perks.
BNB is currently navigating through a period of uncertainty, with prices ranging between $560 and $600. This increased pressure is also supported by legal concerns, with investors blaming the exchange for a lack of accountability on potential transfers from fraudulent transactions.
However, despite the short-term pressure and concerns, the future seems bright for Binance as the trading platform recently secured an important regulatory approval in India. Additionally, once legal concerns like the recent lawsuit are resolved, the project could be on its way to making a new all-time high close to $1,000. This prospect is further supported by the strong market performance of Binance with over 215 million active users.
With trouble threatening the future of these two leading crypto projects, investors are now exploring other exciting options like IntelMarkets (INTL).
Trading Platform IntelMarkets (INTL) Receives Support from Nvidia
In the decentralized world, innovative platforms are actively emerging with superior technological concepts. The project currently taking the crypto world by storm is artificial intelligence powerhouse IntelMarkets (INTL). Despite being just days into its launch, the platform has received interest from thousands of traders.
The most popular feature of the platform is the Intell-M multi-channel analysis that consolidates data feeds and allows users to make trades from a unified interface. Additionally, the trading robots available on the platform assist investors with allocations, risk management, and position sizing.
Analysts are calling the exchange a potential “dark horse” in the crypto world after rumors emerged of a collaboration with GPU-giant Nvidia. The platform is expected to enhance its computing infrastructure with cutting-edge infrastructure to empower traders.
Investors have invested over $145,000 into IntelMarkets (INTL) at the $0.009 price point, which is proving to be incredibly attractive. In the next round, the price goes up to $0.018, with a potential gain of up to 200% for early investors. Tokens are currently available in the public presale, but hurry because they might run out soon.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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