Dogs Coin Price Predicted to Rise After the Release of Pavel Durov?

Bittime - Pavel Durov's release from police custody had a positive impact on the Ton ecosystem, with the prices of tokens such as Toncoin (TON), Notcoin (NOT), and Dogs (DOGS) surging. DOGS is predicted to have the potential to achieve large profits with an increase in trading volume of up to 79%.

Pavel Durov Successfully Freed

The good news for the Ton ecosystem is that Pavel Durov, CEO of Telegram, has been released from police custody and transferred to a Paris court for a preliminary investigation and possible indictment. 

This news has caused the prices of Telegram tokens such as Toncoin (TON), Notcoin (NOT), and Dogs (DOGS) to spike. Their prices previously fell due to uncertainty about Durov's arrest.

Dogs Coin Price Predicted to Increase

As traders were excited about the DOGS news, trading volume increased by 79%. According to the analysis, DOGS may break the resistance levels between $0.001510 and $0.001520. If this breakout occurs, DOGS may soon gain huge profits.

Read Also: Binance Launches MBOX Perpetual Contract with Leverage Up to 75x

Chronology of Pavel Durov's Arrest

Durov's arrest at Paris Bourget Airport on August 24, 2024 damaged the cryptocurrency market. He was detained on various charges.

Including spreading child pornography to drug trafficking and money laundering, which has led to an increase in TON token sales.

Investor's Expectations About DOGS Price Increase

DOGS investors hope that the Ton ecosystem will gain new confidence by seeing Pavel Durov's latest developments. 

However, recent developments regarding Durov's plight have helped the Ton ecosystem, which desperately needs it. 

DOGS, in particular, is showing promising signs of recovery. Current trading is close to the support level of $0.001470.

Conclusion

The Ton ecosystem has been very profitable after the release of Pavel Durov from police prison, especially impacting the prices of tokens such as Toncoin (TON), Notcoin (NOT), and Dogs (DOGS). 

The price of the token soared after experiencing a decline as a result of the uncertainty that hit the market during its holding. 

With a 79% increase in trading volume and the possibility of exceeding limits, DOGS has huge profit potential. 

Although the crypto market was shaken by Durov's arrest, the positive development gave investors new hope, especially considering the possibility of DOGS price increases in the future.

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You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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