Beware! TON price rises, but five major danger signals under the regulatory haze
Although Telegram has been in trouble recently, the price of the cryptocurrency TON related to it is still rising. This is quite strange, because Telegram is being watched by regulators and asked to hand over the IP addresses of users. However, Toncoin does not seem to be affected much, and the price has broken through the $5 mark again.
But then again, Telegram is also working hard to crack down on illegal activities on the platform, such as people using the search function to sell contraband. They are now using AI technology to manage, and there are fewer illegal contents. In order to cooperate with supervision, Telegram decided to hand over the IP addresses of illegal users, which may make some users worry about privacy issues.
For the future of Toncoin, this matter is complicated. On the one hand, Telegram's troubles may affect the TON protocol; but on the other hand, if Telegram can survive this, Toncoin may rise again. The current price of TON is $5.62. Although it has fallen slightly recently, it is still rising overall. However, if these regulatory issues are not handled well, TON's long-term trend may be suspended.
However, judging from some data, Toncoin also shows some danger signs. For example, traders are now more bearish on TON because the funding rate has become negative, which means that those who short have to pay those who long, indicating that everyone expects the price to fall. Moreover, large investors are also selling TON, which further exacerbates the bearish atmosphere.
From a technical perspective, Toncoin has encountered resistance at $5.68. If it fails to pass, the price may fall to $4.88. Of course, if it can break through this resistance, the price of TON is expected to rise to $6.71.
In general, although Toncoin has performed well recently, the risks behind it cannot be ignored. Investors must always pay attention to Telegram's movements and changes in regulatory policies, because these will directly affect the price of Toncoin. Personally, I think that you have to be careful when investing in Toncoin now, after all, market sentiment has begun to turn bearish.
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