TON Fails To Keep Up While AVAX Falls to Surging Volatility; DTX Testnet Performance Lights Up Bullish Presale Momentum

The beginning of this month has brought many reputed cryptocurrency projects to vulnerability in a short period. Among the many affected networks, Toncoin (TON) and Avalanche (AVAX) have also faced high volatility and failed to recover. On the other hand, the mind-blowing deFi sensation DTX Exchange has turned heads with its revenue-sharing model and hybrid trading.

Toncoin (TON) On-Chain Metrics Predict Major Crash

According to the expert analyst Gerhard, Toncoin (TON) is headed toward a major crash after dropping by a whopping 10.31% in the last 7 days. Based on the weekly performance chart, the Toncoin (TON) network may incur further damage as market conditions showcase more turbulence, dragging Bitcoin (BTC) and other big giants.

Gerhard analyzed Toncoin (TON)’s market dynamics, increasing speculation, and other factors that affect the altcoin’s performance. His insights included cautionary yet optimistic views on the Toncoin (TON) network potential amid the recent market developments. Even though its market cap currently stands at $13 billion, Toncoin (TON) might face certain challenges before recovery.

While the analyst’s statements about the Toncoin (TON) network might add spice to the ongoing volatility, it goes without saying that Pavel Durov’s arrest did contribute to the project’s sudden outflow. As Toncoin (TON) shows no signs of recovery, investors grow impatient and move toward other altcoin projects to secure investments.

Bitcoin (BTC) Turbulence Affects Avalanche (AVAX) Key Support #TON #BTC☀

As the leading deFi solution destination, Avalanche (AVAX) had many investors put their faith in its potential amid the broader market sentiment. However, the market fluctuation had Avalanche (AVAX) on its target radar. Avalanche (AVAX) has slumped by a major 6.27% in the last seven days, bringing its trading value to $21.86 today.

Given that Avalanche (AVAX) is known for facilitating dApps creation.