- Toncoin (TON) surged to $7.03 to enter the highest 10 cryptocurrencies.
- The Hamster Kombat integration elevated TON's each day commerce quantity by 270%.
- TON's MACD suggests a possible rebound regardless of easing momentum.
The launch of Hamster Kombat, an earnings administration simulation sport, generated curiosity and boosted the worth of Toncoin (TON), regardless of a bearish begin to the weekend.
This surge pushed Toncoin previous Cardano and secured its place among the many high 10 cryptocurrencies by market capitalization. The sport, which makes use of on-chain property on the TON blockchain, has attracted an enormous consumer base, contributing to TON's strong efficiency.
This improvement has led to the value of TON reaching a 7-day excessive of $7.03 within the final 24 hours. Though it failed to interrupt via resistance, bullish momentum remained sturdy at press time, with TON buying and selling at $6.73, up 6.10% from its intraday low.
Together with this development, the market capitalization of TON (ranked 9) and 24-hour buying and selling quantity elevated by 5.77% and 269.80% to succeed in $16,208,874,781 and $495,972,466 respectively.
TON/USD 24 hour value chart (supply: CoinMarketCap)
Hamster Kombat development and consumer engagement
Hamster Kombat has gained reputation on social media platforms, particularly Telegram, by leveraging the app's native sharing options. The sport has attracted greater than 60 million gamers with 24 million each day lively customers. As well as, the Hamster Kombat YouTube channel gained 10 million subscribers in simply seven days.
Hamster Kombat not too long ago introduced a particular “launch on TON” card to have a good time its integration into the TON ecosystem. This new characteristic goals to additional enhance participant rewards and enhance the general gaming expertise. Because the variety of customers concerned within the sport and its new options improve, the demand for Toncoin will possible comply with.
TON/USD Technical Evaluation
On the 24-hour value chart of TONUSD, the Common Directional Index (ADX) studying of 12.19 means that the bullish rally could also be dropping momentum. This pattern might point out a possible value correction or interval of consolidation for Toncoin earlier than additional restoration.
If the ADX continues to say no and the RSI stays flat, Toncoin might expertise a correction part and a pullback within the medium time period. Within the shorter time-frame, the bulls should return as the present RSI is simply 56.
TON/USD 24 hour value chart (supply: TradingView)
The Shifting Common Convergence Divergence (MACD) ranking of 0.10, whereas its sign line at 0.11 means that the bullish momentum is dropping steam, however there may be nonetheless potential for a rebound. A cross above its sign line might sign a continuation of Toncoin's uptrend.
Moreover, the histogram reveals a slight decline in bullish momentum, suggesting a attainable early part of consolidation. This pattern might current a shopping for alternative for merchants seeking to enter at a lower cost earlier than the following uptrend.
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