$TON meme coin, $DOGS, has been rated as one of the worst performing crypto and has dropped to the 100th position as at the time of writing this post. This is due to the following reasons;

(Not Financial Advise, please Do Your Own Research!!!)

• Telegram’s CEO arrest may have had great impact on TON’s Blockchain hence causing panic in the minds of investors towards TON’s blockchain projects.

• Network outage caused majorly by increase in activities on the blockchain sparked by DOGS airdrop announcements. This affected other TON’s major services.

• Some users where unable to claim airdropped coins due to the outages and hence the interest on the token decreases drastically. DOGS capitalization fell from $2.5 billion after it grew from $900 million before it launched.

Other reasons may be due to macro factors such as Fear & Greed Index, Bitcoin Dominance… etc.

So do you think $DOGS fun is over?

Has $TON lost the spotlight?

Please comment below

#DOGSONBINANCE #TelegramCEO #CryptoMarketMoves