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Introduction
Hamster Kombat (HMSTR) is an engaging Telegram-based tap-to-earn game where players take on the role of a CEO running a virtual cryptocurrency exchange. The goal of the game is to level up from being a humble "shaved hamster" to the prestigious "grandmaster CEO" of a tier-1 exchange. Players achieve this by tapping on their screens to accumulate in-game currency known as Hamster Coins. HMSTR Total supply: 100,000,000,000 X: https://twitter.com/hamster_kombat Telegram: https://t.me/hamster_kombat
The complicated process of using cryptocurrency wallets is one of the main reasons some gamers haven’t tried Web3 games. Web3 gaming protocol Elympics collaborated with the Blockchain Game Alliance (BGA) and blockchain game data tracker PlayToEarn to produce an industry report titled: “The Future of Web3 Gaming is Competitive: Global Gaming Report 2024.” The report examined the current state of blockchain gaming and surveyed 1,000 gamers worldwide to gather their thoughts on Web3 games. The report asked gamers why they play games and why some survey participants have not tried playing blockchain-based games. Crypto wallets deter gamers from trying Web3 games More than 10% of survey participants said complicated cryptocurrency wallets are the primary reason they haven’t played a blockchain game. Meanwhile, 7.3% of those surveyed said they don’t understand the value behind Web3 gaming. Reasons why gamers have not tried a Web3 game. Source: Elympics Another 2.4% of gamers said they are content with Web2 gaming and feel it’s enough for them. Additionally, 9.1% of participants said blockchain-based gaming doesn’t appeal to them. When asked why they play games, many participants cited airdrops and the potential to earn money as their primary reasons. Another popular reason was the opportunity to compete with other players. Researchers asked why the survey participants played games. Source: Elympics In the report, Elympics CEO Michal Dabrowski said that Web3 gaming has “struggled” to appeal to mainstream gamers. However, the executive believes that there’s a significant shift coming. Dabrowski wrote: “The entry of infrastructure players like TON into the web3 gaming space is introducing powerful social distribution networks and highly engaged communities.” Dabrowski added that as more developers choose to build within Web3, high-quality games will gain more traction. Related: Crypto-friendly gaming giant Tencent considering Ubisoft buyout: Report Highlighting the importance of convenience While complications with crypto wallets may have prevented some gamers from trying out Web3 gamers, crypto projects like The Open Network (TON) have been trying to solve this barrier to adoption. On April 19, TON Foundation director of investments Justin Hyun told Cointelegraph that Telegram’s Mini Apps would be so convenient that users would interact with crypto without noticing it. Since then, many users have been flocking to the TON ecosystem to play clicker games. Projects like Hamster Kombat have attracted over 300 million users, onboarding Telegram users to Web3 games. Magazine: Web3 Gamer: When Musk Empire listing? Find love in The Sandbox and more
Crypto wallets deter gamers from trying Web3 games: ReportCrypto scammers who exploited wallet drainers have moved away from the TON (CRYPTO:TON) blockchain, seeking more profitable opportunities elsewhere. According to Scam Sniffer, a group that helps users avoid phishing scams, the scammers are abandoning TON due to a lack of “whales,” or large-scale investors, making it less lucrative for fraudsters. Previously, scammers had targeted the TON ecosystem by using wallet drainers—tools that siphon cryptocurrencies from victims’ wallets through phishing links. The TON blockchain, which gained attention due to airdrop games such as Notcoin and Hamster Kombat, saw a surge in daily active users, and bad actors leveraged TON’s comment feature to bait users into fraudulent transactions. Scam Sniffer reported that scammers had caused over $152,000 in losses using this method in May. However, with fewer large-scale investors left on the network and a controversial tokenomics structure that discouraged further investments, scammers are now shifting focus. Scam Sniffer observed that the fraudsters are now turning to the Bitcoin (CRYPTO:BTC) blockchain, which they anticipate will offer better opportunities for exploitation. The TON blockchain’s decline as a scam target also stems from its user base, which consists primarily of airdrop farmers—individuals who engage in minimal transactions, leaving little for scammers to steal. Moreover, TON’s reputation was marred by a controversial legal battle with the U.S. SEC, leading to the shutdown of the original project. As scammers move on, TON is no longer the favorable environment it once was for fraudulent activity. According to Scam Sniffer, “phishing scams are on the rise,” but with enhanced security features on other blockchains, the landscape is changing. This development signals a shift in where scammers seek new opportunities, leaving TON behind. At the time of writing, the Toncoin price was $5.17.
Crypto scammers abandon TON blockchain amid whale shortageA weekend endorsement from Elon Musk has helped Donald Trump widen his lead over Vice President Kamala Harris in Polymarket’s betting odds for the 2024 US presidential race. After the Tesla and SpaceX founder publicly backed Trump at an election rally, the former president now leads Harris by 4.8 percentage points on the platform. “As you can see, I’m not just MAGA, I’m dark MAGA,” Musk said at the rally while wearing a ‘Make America Great Again’ hat. “The other side wants to take away your freedom of speech. They want to take away your right to bear arms. They want to take away your right to vote.” Trump’s chances of retaking the White House have risen 1.4 percentage points while Harris’s odds are down 1.3 percentage points. Musk added that he believes Polymarket odds are more accurate than polls because ”actual money is on the line.” Elon Musk Endorsement Boosts Trump Meme Coins As Harris Tokens Plunge Trump meme coins also surged after Musk appeared at the rally, while Harris and Biden-themed cryptos fell. MAGA (TRUMP) soared 19.5%, MAGA (MAGA) jumped 13.3% and Super Trump (STRUMP) surged 15.5%. Meanwhile, Jeo Boden (BODEN) slumped 12.2% while Kamala Harris (KAMA) tumbled 2.5% Related Articles Meme Coins, Politifi Cryptos Soar As Uptober Bull Run Hopes Make A Comeback Most Promising Cryptocurrencies to Buy Hamster Kombat Price Prediction: HMSTR Plunges 26% In A Week As Traders Turn To This ICO For Massive Airdrop Rewards
Trump Widens Lead Over Harris In Presidential Betting Odds After Elon Musk EndorsementThe Bitcoin price rose 2% in the last 24 hours to trade at $63,542 as of 03:16 a.m. EST on trading volume that surged 69% to $20.7 billion. This comes as investment adviser Metaplanet, known as Japan’s MicroStrategy, said it bought another $6.7 million worth of BTC, pushing its holdings to 639.5 BTC, worth approximately $40.6 million. In May, the company adopted BTC as a reserve asset to hedge against the volatility of Japan’s native currency. It now has the second-largest Bitcoin stash among Asia-listed companies, behind Meitu with 941 BTC. Bitcoin Price Could Continue Soaring According to the 1-day chart, the Bitcoin price shows that BTC has been trading between $56,000 and $72,000, according to data from GeckoTerminal . A recent downtrend below the $56,000 support caused the price of Bitcoin to form an inverse head and shoulders pattern. The bulls aim to use this pattern to propel the price of Bitcoin even further above as it approaches the immediate resistance on the 200-day Simple Moving Average (SMA) at $63,569. BTC price now being above the 50-day SMA encourages this trend. Moreover, the Relative Strength Index (RSI) seems to be soaring above the 50-midline level, currently at 55, which supports the overall bullish outlook. If the current trend continues, the bulls could capitalize on the inverse head and shoulders pattern to keep pushing the price of Bitcoin. In this scenario, the bulls are currently targeting the $72,000 resistance. BTCUSD Chart Analysis Source: GeckoTerminal.com However, if the bears take control of the price at this level, the price of BTC could plunge back to the $56,000 support zone. Meanwhile, investors might want to consider diversifying into a new meme coin casino project called Memebet Casino (MEMEBET Token) , which has hurtled past $384k in its presale. YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could soar 100x after it launches. Memebet Casino Heads For $500k The Memebet Token will bring closer together two of the hottest themes in crypto: meme coins and GambleFi. It offers an industry first by allowing players to use meme coins to wager at an online casino. The project caters to the “degen” community, offering high-stakes gameplay, a global sportsbook that covers major leagues like the EPL and NBA, and a diverse selection of crypto-native games. When its Telegram crypto casino opens, meme coin holders will be able to bet with tokens that include Dogecoin ($DOGE), Shiba Inu ($SHIB), Bonk ($BONK), Floki ($FLOKI), and Pepe ($PEPE), with more meme coins set to be added. Users can deposit these assets to wager on casino games, slots, and sports on the Memebet Casino platform. And holders who bet with $MEMEBET Token can increase rewards through the platform’s play-to-earn system. To join the presale, buy $MEMEBET Token on the official website here for $0.0257 using USDT, ETH, or a bank card. With a price increase scheduled in less than 4 days, don’t wait too long to secure the best deal. Related News How to Make Money with Cryptocurrency – 8 Best Ways Best Bitcoin Mining Sites – Top 9 List Hamster Kombat Price Prediction: HMSTR Pumps 6% As This Innovative Staking Meme Coin ICO Raises Over $2 Million
Bitcoin Price Prediction: Japan’s MicroStrategy Buys More BTC As Experts Say This Might Be The Best Crypto To Buy NowThe Hamster Kombat price has surged 6% in the last 24 hours to trade at $0.004969 as of 12:30 a.m. EST on a 24% drop in trading volume to $108 million. Hamster Kombat Price Gears Up For A Potential Rally The HMSTR/USDT pair in the 4-hour timeframe indicates a potential bullish reversal. A rounded bottom pattern is forming, which suggests a shift from a downtrend to an uptrend. This pattern is generally seen as a bullish sign, indicating that buyers are starting to regain control after a period of consolidation. The current support level is around $0.0048, which has held well during the consolidation phase. This support is crucial for a potential upward move, as a breakdown below this level could lead to further price declines. On the upside, the possible neckline or resistance level is at $0.0058. If the price breaks above this resistance, it would confirm the rounded bottom pattern, suggesting a continuation of the bullish trend. HMSTRUSDT Analysis Source: Tradingview The chart shows the 50- period and 200-period simple moving averages (SMAs), with the price currently hovering near these SMAs. The SMAs act as dynamic support and resistance levels, and a break above them could indicate strong bullish momentum. Additionally, the Relative Strength Index (RSI) is at 53.61, which is in the neutral zone, suggesting the asset is neither overbought nor oversold. The upward trend in the RSI indicates building buying momentum, providing room for potential price increases. If the price breaks above the resistance level at $0.0058, it could continue climbing toward $0.0070 or higher, confirming a breakout above the SMAs. However, if the support level at $0.0048 is broken, the price may experience further declines. Moreover, traders should watch the RSI for signs of overbought conditions, which could signal a potential correction. Crypto All-Stars Set To Revolutionize Meme Coin Staking, Offers 716% APY As the Hamster Kombat price prepares for a possible bullish rally, traders are eyeing the innovative staking meme coin Crypto All Stars (STARS), which is offering a staggering annual staking return of 716%. According to Austin Hilton, a YouTuber and crypto analyst with over 275k subscribers, STARS could potentially surge 3X to 5X once it launches. Crypto All-Stars provides an industry first: a platform for staking multiple meme coins in one place via its MemeVault protocol, paying rewards in STARS tokens. Initially, MemeVault will support 11 tokens: Dogecoin, Shiba Inu, Pepe, Brett, Floki, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk, with plans for more in the future. Built on Ethereum’s ERC-1155 token standard, the protocol ensures secure staking for ERC-20 tokens, positioning Crypto All-Stars to expand its staking offerings. MemeVault will be launched after the $STARS presale concludes, and may increase demand for top meme coins by enabling staking for them. With $2 million already raised, even a portion of this liquidity entering Crypto All-Stars could significantly increase its price. STARS currently sells for $0.0014828. With a price hike scheduled in less than 90 minutes, buy now to secure the best deal. Buy STARS on the official website here. Related Articles ClayBro Reviews Crypto All-Stars Presale, Highlighting It as the Top Choice for Meme Coin Staking Meme Coin Market Cap Hits $57B As Meme Coin Staking Platform Crypto All-Stars Surges Past $1.6M in Presale Top Meme Coins To Watch Today, September 24 – Brett (Based), Cheems, Crypto All-Stars, COQ Inu
Hamster Kombat Price Prediction: HMSTR Pumps 6% As This Innovative Staking Meme Coin ICO Raises Over $2 MillionOriginal author: CMC Original translation: 0xFacai Editor's note: The GameFi market is gaining steam. After Singapore 2049, the market's attention has gradually returned. In addition, Solana, Sui and other leading public chains have successively launched their own game consoles, and game technology giants such as Sony have entered the Web3 field. This track has once again become one of the blockchain fields with explosive potential. This article is launched by CoinMarketCap and summarizes the latest and noteworthy developments in the Web3 gaming field last week. The following is the translation of the original content: The GameFi market is gaining steam. According to our data, the market value of the field has risen to about $22 billion, a sharp increase from $16-17 billion last week. Trading volume has also increased significantly, currently about $1.4 billion. Many people have called the gaming track dead, but with market attention gradually returning after Singapore 2049, we need to see if this statement is still true. The gaming track heats up The release of the Solana gaming handheld has injected new vitality into the GameFi field. This all happened shortly after Sui released his own gaming device. What did these leading public chain ecosystems see that we are not seeing at present? Solana games have failed to fully catch on since the last bull run - but as Star Atlas showed on Breakpoint, this application scenario is still very vibrant. At an online event, Star Atlast and some other upcoming games showed their demos. While the Solana handheld looks low-tech, it may still be a game-changer in this field and allow blockchain games to be more widely adopted. As this year’s TapFi explosion and past Axies Infinity mania have shown, you don’t need a AAA game to attract crypto gamers to join. Just make it playable enough and worth users’ time. This week’s blockchain game events According to DappRadar data, World of Dypians and Seraph: In The Darkness currently lead the GameFi space in terms of the number of independent active wallets, with both games having more than 500,000 independent active wallet players. Token Price Trends The best performing GameFi tokens in the past 7 days are: 1. Notcoin (NOT): leading with an astonishing 25.09% increase; 2. FLOKI: showing strong momentum with a 24.71% increase; 3. Gala (GALA): steadily climbing with an increase of 18.12%; 4. Beam (BEAM): steadily rising by 13.46%; 5. Axie Infinity (AXS): rose 5.33%, ranking among the top five. Other notable 7-day performances: · The Sandbox (SAND): up 2.88% · Decentraland (MANA): up 6.81% · Illuvium (ILV): up 10.60% · Yield Guild Games (YGG): up 10.73% Key observations 1. We saw generally positive movement across many GameFi tokens this week, with several achieving double-digit growth. The overall market cap growth in the sector suggests growing investor confidence. 2. Exciting news: Play Solana announced the launch of the first web3 gaming console, which could be a major catalyst for mainstream adoption of blockchain gaming. 3. While weekly gains are encouraging, it’s important to remember that many of these tokens are still down significantly year to date. Continued interest and innovation are critical to long-term growth. Latest blockchain game news 1.Play Solana launches the first encrypted game console: Play Solana Gen1 (PSG1) aims to revolutionize the GameFi landscape. Pre-orders will be announced at the Solana Breakpoint conference, and Player 1 NFT holders will receive priority access. 2.Line Next announces the launch of the Web3 mini game platform: The platform will be launched in the fourth quarter of 2024 and aims to bring blockchain games to Line's 2 billion active chat users. The Web3-based solution allows for seamless access to games and dApps within the Line app. Line Next will also launch Kaia Wave, a developer program backed by $10 million in funding. 3.Axie Infinity via Axie Pals plugin: Sky Mavis has launched Axie Pals, a Tamagotchi-style Google Chrome extension. This AI-powered feature allows users to interact with their Axies, earning AXP points and potential AXS tokens through leaderboard rankings. 4.Samsung Next and Startale Labs expand cooperation: This cooperation aims to support Sony's new blockchain project Soneium through the Soneium Spark incubation program. The entry of a technology giant of this scale into the Web3 gaming field is undoubtedly good news for game studios. 5.Hamster Kombat Token Release: The HMSTR token debuted on the Open Network (TON) with over $1.2 billion in trading volume in the first 24 hours. Although some players were disappointed with the size of the airdrop, the token's performance put it on par with major cryptocurrencies. Web3 Game Picks of the Week Disclaimer: The following content does not constitute an endorsement of the project or its tokens, please invest in any cryptocurrency with caution, DYOR. SERAPH: IN THE DARKNESS Seraph: In the Darkness is a popular Web3 game where fantasy and destiny intertwine in a rich, immersive universe. Here, players will explore a world filled with ancient magic, powerful enemies, and hidden truths while carving their own path through a land of conflict and legend. This action-RPG is an engaging and challenging blend of action, strategy, and an evolving story. What can I do? 1. Follow the Play Solana Gen1 pre-order announcement. If you are a Player 1 NFT holder, get ready to take advantage of your priority access. 2. If you are a Line user, get ready for the upcoming web3 mini-game platform. Developers should research the Kaia Wave program for potential funding opportunities. 3. Axie Infinity players should check out the new Axie Pals extension and start interacting to earn AXP points. 4. Consider exploring the potential of the Hamster Kombat ecosystem given its impressive launch performance, but beware of the impact of its massive airdrop. 5. Stay tuned for more news from the Solana Breakpoint conference and progress on the Soneium project, as they may bring more exciting announcements to the GameFi sector. Remember, in GameFi, a new level is unlocked every day if you play well - keep working hard, stay informed, and play smarter! 「Original link」
Solana Launches Ready Player One, What Happened at GameFi Last Week?The Hamster Kombat price plummeted 26% in a week after falling 1% in the last 24 hours to trade at $0.004724 as of 9:06 p.m. EST on trading volume that skyrocketed 68% to $148.5 million. Hamster Kombat Aims For A Breakout From the left side of the chart of the Hamster Kombat price (around September 27), the price shows a strong bearish move from above $0.007500 to the current level around $0.004700. This indicates significant selling pressure. After the sharp decline, the price appears to be consolidating between roughly $0.005336 and $0.004500. This suggests a possible accumulation phase where buyers and sellers are in balance, as the price forms a sideways pattern. The price of Hamster Kombat now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the overall bearish stance. Meanwhile, the Relative Strength Index (RSI) is currently at 45, which places it in neutral territory. Since it’s below 50 but not yet oversold, this suggests a slight bearish bias, but there is still room for the price to move in either direction. The recent uptick from around 30 to 45 suggests that the market may be finding temporary support, though it’s not yet showing strong bullish momentum. HMSTRUSDT Chart Analysis (Source: Tradingview) Hamster Kombat Price Prediction According to the HMSTR/USDT chart analysis on the 1-hour timeframe, the upper black line around $0.005028 acts as a key resistance level, and the price has failed to break above it recently. This is a critical level to watch if the price makes another attempt to move higher. A breakout above this resistance could signal a reversal and the start of a bullish move. The price of Hamster Kombat could soar at this level, as the next target is set at the $0.005336 level (200-day SMA). However, given that the RSI is neutral and the price is below the 50 SMA, the overall bias remains bearish unless the price breaks above the resistance. A breakdown below $0.004500 may lead to further declines, with $0.0043 acting as the next immediate support. Meanwhile, investors are piling into the new meme coin casino project Memebet Casino (MEMEBET Token) , which has amassed over $370K since its presale launched slightly over three weeks ago. YouTube channel Cryptonews, with over 10k subscribers, predicts that $MEMEBET Token could see a 100x increase after launch. Memebet Casino Amasses Over $370K In Presale After its launch, Memebet Casino will be the first platform to allow players to wager using meme coins for everything from casino games, to slots, and sports betting. The casino features a variety of casino games, meme coin betting options, high-stakes play, and a sportsbook where users can bet using Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and other meme coins. It’s a web and Telegram casino with no KYC requirements, enabling players to remain anonymous. It proudly states that it’s designed by degens for degens. Buy Memebet Token, Earn ”Massive Rewards” The team behind the project says ”massive rewards” are up for grabs for the earliest degens to buy into MEMEBET Token. It has set aside 400 million $MEMEBET Tokens for airdrops to holders who use $MEMEBET Tokens to wager on the platform. Early birds who take advantage of the Memebet Casino ecosystem will be rewarded in the first season of the airdrop. Players who wager using $MEMEBET Token also earn additional rewards through the platform’s play-to-earn system. To qualify for the airdrop, buy Memebet Tokens before the presale sells out. You can buy $MEMEBET Token on the official website for $0.0256 using USDT, ETH, or a bank card. With a price hike in less than 24 hours, buy soon to lock in the best deal. Related News Dogwifhat Price Prediction: WIF Jumps 12% As This Meme Coin Staking Platform Rockets Past $2 Million In Presale 10+ New Cryptocurrency Coins to Buy In 2024 – Top List Best Crypto Sports Betting Sites in October 2024 – Compare Bitcoin Sportsbooks
Hamster Kombat Price Prediction: HMSTR Plunges 26% In A Week As Traders Turn To This ICO For Massive Airdrop RewardsDog Coin ($wDOG) is the first decentralizedon Solana, offering fast transactions and robust security. $BCCoin enables users to access the BlackCard, providing a simple way to spend cryptocurrencies. Hamster Kombat combines gaming and cryptocurrency, allowing players to earn real value through engaging gameplay. Cryptocurrency landscape, innovative projects like Wrapped Dog Coin ($wDOG), BCCoin, and Hamster Kombat are capturing the spotlight and redefining how we perceive digital assets. These groundbreaking initiatives not only introduce unique tokenomics and gamification but also provide users with seamless integration into the crypto ecosystem. As they pave the way for a new era of decentralized finance and gaming, the potential for investment and engagement has never been more exciting. The Rise of Wrapped Dog Coin on Solana Current price: $0.01499 Market cap:$15.017 Wrapped Dog Coin ($wDOG) has become one of the first decentralized meme coins on the Solana blockchain, something that sets it apart in a proliferating cryptocurrency marketplace. Based on the superior features of Solana, $wDOG adds an interesting spin to the users’ experience while taking advantage of the fast and cheap transactions on the network. This approach meets the investors’ appetite with the meme coin’s tendency for damages as both seasoned and new investors enter the market. The Promise of BCCoin and BlackCard Current price: $0.6376 Market cap:$6,387m In addition to $wDOG, BlackCardCoin ($BCCoin) offers another innovative approach within the cryptocurrency space. Designed for seamless integration with the BlackCard, $BCCoin enhances users’ ability to spend and earn in a digital context. By holding $BCCoin, users gain exclusive access to the BlackCard, which provides a straightforward way to engage with cryptocurrencies like traditional money. This strategic model ensures that holding $BCCoin becomes increasingly rewarding over time. XRP (XRP)Exploring Other Cryptocurrencies Current price: $0.6501 Read CRYPTONEWSLAND on google news Market cap:$36,771 Alongside these meme coins, the XRP(XRP) continues demonstrating the advantages of low-cost transactions and speed, settling in 3-5 seconds. Its eco-friendly attributes further enhance its appeal within the crypto community. Meanwhile, the Shiba Inu (SHIB) token maintains its popularity as a community-driven currency, being accepted as a payment method in numerous locations worldwide. Gamification in Cryptocurrency with Hamster Kombat Current price: $0.005658 Market cap:$364.520m Hamster Kombat is captivating players with its cryptocurrency-based clicker game. The game merges strategy and management, allowing players to earn and trade in-game coins for tokens. This unique combination enhances engagement and introduces players to cryptocurrency trading fundamentals. Moreover, collectible cards in the game create passive income opportunities, adding depth to the gaming experience. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
The Most Viewed Cryptocurrencies Today: $wDOG, BCCoin, and Hamster Kombat Redefining Crypto GamingThe Dogecoin price soared 4% in the last 24 hours to trade at $0.1078 as of 03:26 a.m. EST on trading volume that fell 5% to $815 million. This comes as Shark Tank star Mark Cuban, a long-time supporter of Dogecoin, said in an interview that every meme coin is a potential rug pull, but added that this inherent risk is part of their appeal. Despite such a cautious stance, Cuban remains positive on Dogecoin ”Then there’s Dogecoin, which is more for fun and community,” Cuban said. “It really depends on where you are. And I’m a supporter of all of them. I see the fun, I see the utility, and I see the store value of it.” Dogecoin Price In A Sideways Trend The chart shows that Dogecoin experienced a strong rally earlier this year, followed by a decline, and now the price seems to be consolidating or attempting a reversal. The price is currently in a sideways trend. Still, there’s potential for upward momentum if it continues to hold above the 50-day Simple Moving Average (SMA) and fills the gap, according to data from GeckoTerminal . However, the Dogecoin price still trades below the 200-day SMA, which is now the immediate resistance level at $0.1343. The Relative Strength Index(RSI) is around 48.96, close to the neutral level of 50. This suggests that the market is neither overbought nor oversold. The RSI being under 50 shows there might still be some bearish sentiment, but the lack of extreme levels suggests no immediate heavy pressure in either direction. The yellow box marks a Fair Value Gap (FVG). This is a price inefficiency where buying and selling are imbalanced, leaving a gap. Price tends to revisit these zones to fill the gap, as seen here. The price appears to have bounced from this FVG area. Having filled the FVG area, the price of Dogecoin may soar, as the bulls target the next resistance level at $0.142. DOGEUSD Chart Analysis Source: GeckoTerminal.com However, if the bears take control of the price at this level, DOGE may drop to the next support zone of $0.082. Meanwhile, investors are flocking to buy Pepe Unchained (PEPU) , which is one of the most successful presales of the year. The project is even catching some whale investors, with one recently buying PEPU worth $58,000 . Pepe Unchained Races Toward $18 Million Milestone, Draws Investor Buzz Pepe Unchained has just zoomed past $17.3 million in funds raised, with about $1.3 million of that flooding in over the past week alone. A big part of its appeal is the promise that PEPU is a huge upgrade on the OG PEPE. It comes with its own, proprietary Ethereum Layer-2 blockchain, and is designed to free the original PEPU from its old, outdated, Ethereum blockchain, giving it greater speed, efficiency, and scalability. You can also earn passive income by staking PEPU tokens for an annual yield of 125%. According to 99Bitcoins, a popular crypto YouTube channel with over 706k subscribers, PEPU could be the next 10x meme coin. Currently, $PEPU tokens are priced at $0.00991 each. With only about 10 hours before a price hike, buy now for the best deal. If this looks like something you don’t want to miss, you can buy $PEPU here using ETH, USDT, or even a bank card. Related News P2B Review 2024 – Fees, Staking, Trading Tools, New Listings 10+ Best Crypto Airdrops for Investors Hamster Kombat Price Prediction: HMSTR Woes Continue With Another 4% Drop As Experts Say This New Casino Token Might Explode
Dogecoin Price Prediction: As Shark Tank Investor Mark Cuban Praises DOGE, Pepe Unchained Races Towards $18M In PresaleCATS, a meme token on the TON blockchain, has been capturing attention due to its upcoming listings on exchanges and airdrop in collaboration with Biget. The token has built a large community, with over 11 million users, and stands out for its interactive features, such as token farming and customizable profile pictures. With the airdrop coinciding with major exchange listings like Bybit, Bitget, and Kucoin, the token could see increased liquidity and trading volume, which may cushion potential drops and encourage price growth over time. CATS is also preparing for a massive airdrop, with 55% of its 600 billion token supply allocated to reward community members. Bitget’s partnership will allow users to claim CATS tokens with zero gas fees, boosting participation. The first 200,000 users to deposit will win 30,000 extra CATS. $CATS SNAPSHOT has been taken 📸🪂 It seems like the calculations are in progress. What do you all think? Cook 🍳 or DUST 🫥 pic.twitter.com/8JHjdlILBe — Aria🫐 (@Jeyyderh) October 3, 2024 Many users were very disappointed with the Hamster Kombat Airdrop and its performance in the market. The hope is that Cat airdrop can be the revenge arc they were waiting for. Crypto All-Stars ($STARS) And The Innovative Staking Platform Crypto All-Stars ($STARS) has made a bold entrance into the market with a highly successful presale, raising $2 million. What sets this project apart is its innovative staking platform, MemeVault. This protocol enables users to stake multiple meme coins across various blockchains. During the presale, all $STARS purchases can be staked immediately. MemeVault, with an Annual Percentage Yield (APY) of 750%, allows investors to put their meme coins to work for them. At launch, users can stake a wide range of popular meme coins. The presale offers $STARS tokens at an attractive price of 1 $STARS = $0.0014828. Investors can purchase using ETH, USDT, or traditional bank cards. The more $STARS tokens investors hold, the greater their staking rewards will be. With a unique multi-token, multi-chain staking solution, Crypto All-Stars is poised to capture the attention of meme coin enthusiasts and bring real utility to the meme coin ecosystem. Investors are eager to see what this innovative platform will bring once fully launched. Visit All Stars Here EXPLORE: Google Is Destroying Its Search Engine: Here’s Why Join The 99Bitcoins News Discord Here For The Latest Market Updates Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Will CATS Crypto Recover: Could CATS Crypto 10X From Here?Dogizen, the tap-to-earn game that’s attracting huge attention from the gaming community, has launched its highly anticipated presale. The world’s first Telegram ICO, which brings the DOGIZ token to the over 950 million Telegram users, went live today, October 4, 2024 at 8am UTC. Dogizen’s presale has attracted over $110k in under two hours, with DOGIZ priced at $0.00007 in the first stage. Dogizen’s ICO: A new era for Telegram gaming The global crypto community is growing at a breathtaking speed. However, the number of people who own crypto currently stands around 550 million. In comparison, Telegram has more than 950 million users and the global mobile gaming community will be 1.9 billion players by 2027. Elsewhere, the T2E market cap is roughly $1.2 billion today while crypto gaming is just over $9 billion. All of these segments are forecast to experience significant growth. Putting these numbers together suggests that Dogizen’s entry into the Telegram tap-to-earn market puts its right at the center of a potentially explosive ecosystem. Dogizen makes it easy for ordinary users to join this nascent industry via its game. Now, with this first ICO within Telegram, Dogizen is tapping into a segment that could see it challenge and possibly outpace Hamster Kombat and Catizen among other TON-powered Telegram games. DOGIZ is designed to add to the project’s long term success by moving Dogizen beyond the hype and speculation into a world of real utility. As well as its use in the rewards and airdrops, DOGIZ will play a big role in the Dogizen Universe. The Dogizen Universe Dogizen Universe is a platform that will offer several key features designed to empower both developers and creators as well as rewards for users. Within the Dogizen Universe, a Developer SDK will allow for the creation and launch of gaming apps, with monetisation helping catalyze further growth. A Launchpad and an arcade offering a central hub for everything Telegram gaming . Meanwhile, the ecosystem will benefit from a revenue-sharing opportunity from in-game ads and partnerships. The Dogizen Universe, as the project’s whitepaper indicates, therefore envisions a whole economic ecosystem. Devs will be able to create and earn as gamers scoop in-game rewards while DOGIZ holders will benefit from the revenue-share model. The DOGIZ presale is the first phase of this growth and innovation and early adopters will play a big role in bringing it to reality. But it also means an early entry for ICO participants as the tap-to-earn becomes one of crypto’s big plays. Notably, all major TON blockchain tokens on Telegram have listed on Binance, the world’s largest cryptocurrency exchange. This includes Notcoin, Hamster Kombat, and Catizen – the top 3 T2E projects by market cap. Dogizen, with 1.3 million players and growing, could be the next to list on the exchange. Learn more about Dogizen here .
First Telegram ICO Dogizen goes live, quickly hits $100kThe Hamster Kombat price plunged another 4% in the last 24 hours to trade at $0.004599 as of 00:29 p.m. EST on trading volume that jumped 2% to $184 million. The HMSTR price has now plunged more than 52% since it launched a little over a week ago. Hamster Kombat Price Still Bearish – A Possible Reversal? The Hamster Kombat price is moving within a descending channel, defined by two parallel trendlines. This indicates a short-term bearish trend, where price action makes lower highs and lower lows, from the $0.0050 resistance, according to data from GeckoTerminal. The 50-day Simple Moving Average (SMA) above the current price, indicating that the short-term trend is bearish. The price has been below the 50-day SMA for some time, reinforcing the downtrend. Moreover, the Relative Strength Index (RSI) is at 44.41, slightly below the neutral 50 level, which suggests weak momentum and a slight bearish bias. However, it is not in oversold territory (below 30), so there might still be room for further downside before the price becomes oversold. The recent bounce in RSI suggests some consolidation or attempt at stabilization, but it’s not signaling a strong reversal yet. According to the HMSTR/USD analysis, the price of Hamster Kombat is on a sustained bearish trend, which the bears may sustain. If this trend continues, the HMSTR price may plunge even further to the next target at $0.0040. HMSTRUSD Chart Analysis Source: GeckoTerminal.com If the Hamster Kombat price can break out of the descending channel with an increase in volume, it could signal a potential trend reversal. Watch for a break above the 50 MA for a bullish signal. If the bulls succeed on staging a bullish trend reversal, the price of Hamster Kombat could soar to the next target at $0.0050. Meanwhile, investors are piling into the new meme coin casino project Memebet Casino (MEMEBET Token) , which has amassed over $362K since its presale launched slightly more than three weeks ago. YouTube channel Cryptonews, with over 10k subscribers, predicts that $MEMEBET Token could see a 100x increase after launch. Memebet Casino Raises Over $362K In Presale Memebet Casino (MEMEBET Token) is a unique new project that allows meme coins such as Dogecoin, Shiba Inu and Pepe to be used for wagering in a casino for the first time. Built by degens, for degens, Memebet Token provides a diverse selection of casino games, meme coin betting, and a global sportsbook, all integrated into Telegram for KYC-free gaming. By purchasing MEMEBET Token, players can unlock massive airdrop giveaways, special degen rewards, and exclusive VIP benefits. Players who wager using $MEMEBET Token earn additional rewards through the platform’s play-to-earn system . The more you bet with MEMEBET Token, the bigger your rewards. Early adopters can also benefit from an airdrop campaign by purchasing tokens during the presale and using them once the casino is live. To join the presale, you can buy $MEMEBET Token on the official website for $0.0256 using USDT, ETH, or a bank card. With a price hike coming in about three days, don’t wait too long to lock in the best deal. Related News Rich Bitcoin Investors List – Famous Crypto Investors Who Own Bitcoin Best Cheap Crypto to Buy Now In 2024 – Low Cost Coins 5 Best Altcoins To Invest In Today October 3 – Axelar, Reef, SPX, Trust Wallet Token
Hamster Kombat Price Prediction: HMSTR Woes Continue With Another 4% Drop As Experts Say This New Casino Token Might ExplodeWith social trading meeting networking, Moo Deng is set to disrupt social trading by incorporating cryptocurrency investment. Bittensor combines artificial intelligence and blockchain disrupting content creation and curration. TAO begins concepts such as tokenization of social influence, enabling users to place a price on their persona. One of the most striking phenomena in the crypto sphere of the modern world has become the integration of social media and decentralized finance called SocialFi. By 2024, several projects have emerged to address the challenges with great social interaction solutions that include the use of incentives. This article will outline six extraordinary socialFi projects that have stirred the crypto world. Moo Deng (MOODENG): Unparalleled Social Trading Experience Moo Deng has become a quite remarkable player in the SocialFi universe. Through the integration of social networking elements with elements of cryptocurrency trading, Moo Deng’s functionality of tracking and copying transactions of effective investors has been created. Bioinformatics has been a pioneer innovation offering a practical scenario in every stakeholder capturing, distributing, and generating income from knowledge. Bittensor: Revolutionizing AI and Blockchain Integration A project of this kind is Bittensor which has been described as a phenomenal project that combines artificial intelligence with the blockchain. As such, Bittensor has built a decentralized network to encourage the production and distribution of machine learning models. The ideas presented in this paper have applications in the development and formatting of content shared on social media networks. TAO: Unmatched Tokenization of Social Influence TAO has come up with a concept of tokenizing social influence. In this way, TAO has bridged the opportunity to mint tokens which symbolize the presence of a user in the online world, thus making the concept of social capital available for trade and investment. Consumers have thus found new forms of receipt of material benefits through purchasing products advocated by influencers they follow. Ethena (ENA): Stellar Decentralized Social Networking Ethena has come out as one of the best decentralized social networking platforms that operate on Ethereum. This policy has made itself appealing to crypto people who are always in search of different platforms that put the ownership of their data into their hands. This researcher observes that DeFi integration within the social structure of Ethena has established a rewarding mutual utility for its users. Read CRYPTONEWSLAND on google news Hamster Kombat (HMSTR): Gaming Meets SocialFi in an Elite Package Hamster Kombat is both a gaming and SocialFi project executed at its best for the fans of both segments. This gaming as a service incorporates the social pressure and award structure in the gaming industry offering a fun-filled field for the players. One of the defining features of the project has been the ability to construct a community through gameplay, which has been unique in the context of socialFi competition. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
2024’s SocialFi Surge: Why These 6 Projects Are Gaining Ground FastBlockchain payments network Ripple is collaborating with a major crypto exchange in Brazil to launch cross-border payments enabled by crypto. Ripple has partnered with the Brazilian Mercado Bitcoin exchange to enable local businesses to settle payments using Ripple’s “managed end-to-end payments solution,” the firm officially announced on Oct. 3.“ With the new payment tool, businesses in Brazil would be able to get “faster, cheaper, more efficient cross-border payments” across the globe 24/7 and settle payments in a matter of minutes, Ripple stated. The first operation to target institutional customers According to the announcement, the new product is not yet available to customers. Ripple expects that the first operation will involve institutional customers, exclusively from Mercado Bitcoin to Mercado Bitcoin Portugal. The integration builds on Ripple’s new functionality that enables the firm to manage payments end-to-end on behalf of customers, which was introduced in 2023. A spokesperson for Ripple told Cointelegraph that Mercado Bitcoin is expected to launch with Ripple’s payment solution before the end of 2024. Mercado Bitcoin will use the solution to improve its internal treasury operations between Brazil and Portugal. The crypto exchange also plans to support cross-border payments for corporate and retail customers in the future. “One of the differentiators is the use of a non-resident account, allowing users to pay directly in Reais, providing an improved customer experience,” the announcement states. Mercado Bitcoin is a major industry player and a partner of Mastercard Launched in 2013, Mercado Bitcoin is a major player in the cryptocurrency industry and is one of the largest crypto exchanges in Latin America with 4 million users. Mercado Bitcoin is known for inking partnerships with high profile payment firms like Mastercard. In May 2024, Mercado Bitcoin collaborated with Mastercard to provide live transaction capabilities for Latin American and European corridors. The exchange also previously announced a partnership with Mastercard on a Web3-focused crypto identity system in April 2023. Related: SEC files appeal in Ripple lawsuit Mercado’s new collaboration with Ripple aims to provide a simplified transfer through the expertise of Ripple, Mercado Bitcoin’s head of banking, Jordan Abud, said. “At the same time, this partnership enables Mercado Bitcoin to take another step towards internationalizing its services,” Abud noted. He added: “The possibility of facilitating this type of operation, offering lower costs and making the platform even more complete shows our commitment to customers, while expanding the portfolio of products we offer today.” Magazine: Hamster Kombat tappers evolve with Swipe-to-Earn + Axie Pals Tamagotchis: Web3 Gamer
Ripple and Mercado Bitcoin to launch crypto-enabled payments in BrazilDear CEOs, The largest-ever airdrop in crypto history has officially launched! We have built a powerful infrastructure to let 131 million players seamlessly receive their tokens. Players were able to receive their drop directly to exchanges, Telegram Wallet and inside the app. In preparation for the airdrop, we’ve actively collaborated with the TON team to ease the load on the network through Mintless Jetton. With Mintless Jetton, you can see the token balance in your wallet, but the actual tokens are only minted on the blockchain when you move them the first time. The system has proven to be strong enough to handle enormous demand without any interruptions to the TON blockchain. 🔐 If you still haven’t claimed your tokens, you can do it in the Hamster Kombat app. You can also keep them in the game as we’re about to roll out new features that will require them. $HMSTR token will be essential to access the upcoming apps and games in the Hamster Ecosystem. Stay tuned for more updates! 🐹🫶🏽
Hamster Kombat have built a powerful infrastructure to let 131 million players seamlessly receive their tokensOriginal author: 1mpal Original translation: Luffy, Foresight News I love Web3 games, and a large part of my funds are invested in game NFTs and tokens. However, I am very pessimistic about pure game tokens. The market needs to normalize. Currently, I have no affection for game projects that have completely lost momentum since TGE. If I were a trader, I would consider those who trade Memecoin or bet on the booming artificial intelligence sector to be smart. There is no reason to bet huge chips on game tokens at the moment, and the actual situation of the market is exactly the same. There are many reasons for this, but the main reason is that game tokens lack key factors to support the overvalued market valuation. 1. Game tokens are overvalued Few Web3 games can match their market valuations. Even if calculated by circulating market value instead of FDV, Web3 games are overvalued. For example, CATIZEN is one of the most prominent recent games, with a current market value of about $200 million, assuming its annual revenue is $20 million. To make it simple, you can compare tokens to stocks to assess their valuations. South Korean gaming company Shift Up recently went public with a market cap of around $2.4 billion and revenue of $140 million in 2023. The market believes it is overvalued because it has huge future potential. Nexon has a market cap of $16.3 billion and annual revenue of $3 billion. Krafton has a market cap of $12.3 billion and annual revenue of $1.5 billion. Take-Two Interactive has a market cap of $26.3 billion and annual revenue of $5.3 billion. For most large game companies, annual profits typically account for 10-20% of their market cap. Token economics is based on the premise that games will grow unconditionally Let’s take CATIZEN as an example. Judging from the market value, this seems to be a very healthy project, but the problem lies in the unlocking mechanism. Mainstream game companies need financing to expand their scale, but the tokens of Web3 game projects are automatically unlocked. In fact, it is impossible for a pure game project to achieve growth without infrastructure. Unless there are special circumstances, it is common for most games to have the highest number of users at launch and then show a slow decline. In other words, the idea of Web3 games increasing in value by themselves goes against the laws of the market. 2. Memecoin is more attractive than game tokens The ability to spot low-cap gems in trading is a valuable talent, and the simplest and most reliable signal is volume. Low volume means the market is not very interested, which naturally leads to weak upward momentum. Who wants to trade a sector that has been falling since listing? If you were a gambler, which coins would you bet on when liquidity comes into crypto again? Comparing the trend charts of NEIRO, CATI, and HMSTR on Binance, we can see obvious differences. Although CATI is significantly better than traditional Web3 games in terms of game revenue and significantly better than HMSTR in terms of external social media revenue, its market performance is not ideal. On Binance, the trading volume of NEIRO and CATI differs by about 10 times. Considering the current market sentiment and willingness of exchanges to list, this is one of the worst times for a typical game token to conduct a TGE. Games are inevitably driven by venture capital, and projects that cannot compete in the current market will quickly go through NFT sales, node sales, and TGEs, and then exit. Therefore, it is better to trade and hold memecoin than game tokens. I believe that there are three principles that determine stock prices: expectations of the companys future value, the companys performance record, and market supply and demand fluctuations. Currently, game tokens have no performance record, supply exceeds demand, and unless they have special marketing methods, their future competitiveness as pure games is unreliable. While it may not be entirely appropriate to compare gaming tokens to stocks, there is value in that. The key is which projects have the keys to drive the market narrative. If the future value of a company depends solely on its games, it will not survive. It needs infrastructure, it needs a technological push. Alternatively, unlock all tokens from the start and let the market determine the price. Final Thoughts I believe that cryptocurrencies will see a significant rise in the first quarter of 2025. I like Web3 games like many people, but I think the FDV of pure Web3 game tokens needs to be lowered. Of course, if you have infrastructure or technical moats (such as game chains), you can get a higher valuation. But now, there are many games that have high valuations but only serve the game itself. This may be the worst time for gaming projects, or it can be considered a normalized process. This year, I participated in several rounds of KOL financing for gaming projects, and most of them were losses. The participation of VCs has made FDV higher and higher, and the token lock-up structure violates the law of averages. However, some gaming projects will survive this process, and we want to bet on those that can scale to platforms and infrastructure based on revenue. Remember, it is one or two giants that drive the market, and we are in a position ahead of the traders to pick the protagonists first. However, our weakness may be too obsessed with the future of gaming. Even if we love the game, we need to try to commercialize it. Original link
Viewpoint: Why are we not optimistic about pure Web3 game tokens?In this week’s newsletter, read how the popular Telegram clicker game Hamster Kombat plans to integrate non-fungible tokens (NFTs) and how September NFT sales recorded the lowest sales volume since 2021. Check out how Indonesia’s postal service launched NFT stamps and how metaverse platforms could help solve the loneliness epidemic. Hamster Kombat to add NFTs as in-game assets Viral Telegram clicker game Hamster Kombat revealed its roadmap for the last quarter of 2024 and 2025. The popular Web3 game told Cointelegraph it would launch new games and integrate NFTs as in-game assets. In its road map, Hamster Kombat revealed that the NFT integration will occur in November. While the clicker game did not reveal many details about the NFT integration, it could impact the waning interest in digital collectibles because the game has millions of users. Since its launch, Hamster Kombat has amassed more than 300 million users. Continue reading NFT sales plummet to lowest monthly volume since 2021 — CryptoSlam In September, NFTs recorded a monthly sales volume of $296 million, marking its lowest since January 2021. This represents an 81% drop from March and a 20% decrease from August. Apart from lower sales, the number of transactions involving NFTs also declined. CryptoSlam data showed that total NFT transactions dropped from 7.3 million in August to 4.9 million in September. While the space recorded many negative statistics, the average value of NFT transactions showed a slight upward tick. Data showed that the average worth of NFT transactions increased to $60 in September from $50.71 in August. Continue reading Indonesian postal service launches NFT stamps Indonesia’s largest postal service has introduced NFT-integrated postage stamps. Pos Indonesia, a state-owned company, released its inaugural stamps with NFT counterparts. The stamps feature “Cenderawasih,” which means “bird of paradise.” The company said the new stamps merge traditional values with blockchain innovation. It added that they want to attract stamp enthusiasts with the offering. Continue reading How metaverse platforms could solve the loneliness epidemic In a Cointelegraph interview, the head producer at Decentraland, Bay Backner, said that decentralized metaverse platforms can create genuine online connections. Backner said people are passionate about virtual worlds and the connections that they make in them. With the community-oriented ethos of Web3 and blockchain, the executive said that decentralized metaverses could create tighter online communities than traditional social platforms. Continue reading Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.
NFT volumes plummet, Hamster Kombat to launch NFTs: Nifty NewsletterPopular Telegram clicker game Hamster Kombat has unveiled a roadmap for the last quarter of 2024 and 2025, with plans to launch new games and integrate NFT as an in-game asset, Cointelegraph reports. the NFT integration will take place in November. Hamster Kombat has had more than 300 million users since its launch. September NFT sales fell to the lowest since 2021, with monthly sales of $296 million, down 81 percent from March and 20 percent from August. The number of transactions also fell from 7.3 million in August to 4.9 million in September. However, the average value of an NFT transaction rose from $50.71 in August to $60 in September. Indonesia's largest postal service, Pos Indonesia, has launched NFT stamps, with the first issue featuring an NFT counterpart to the Bird of Paradise motif. The company says the new stamps combine traditional values with blockchain innovation and are designed to appeal to philatelists.
Hamster Kombat to Integrate NFT in November, September NFT Sales at Lowest Since 2021Despite the regulatory concerns around Telegram in September 2024, TON dominated all other Layer 1 chains in a key metric. The blockchain’s success is tied to viral token launches within the month. TON’s potential has not gone unnoticed by leading industry players. From initial troubles with the SEC to Telegram’s recent regulatory woes in France, the road has often been fraught with challenges for The Open Network (TON) . However, despite these challenges, the blockchain and its users continue to show signs of resilience . Sponsored In the latest instance, the network has recorded yet another feat, showcasing its potential as a beacon of crypto adoption, utterly dominating its peers in a key metric. TON Accounts for Half of All Layer 1 Transactions Despite the regulatory concerns around Telegram in September 2024, TON dominated Layer 1 chains in a key metric. According to a September 30 report by CryptoQuant analyst J.A. Maartun, TON captured 50% of all Layer 1 transactions, excluding Solana and BNB , an impressive feat as the blockchain convincingly edged out other highly used blockchains like Ethereum , Polygon , and Tron . The Open Network ( #TON ) is emerging as a leading Layer-1 solution “In the past month… $TON captured over 50% of all Layer 1 transactions during this period, largely driven by several major token launches.” – By @JA_Maartun Read more 👇 https://t.co/0Er9EerVrc pic.twitter.com/hEI4feAwnM — CryptoQuant.com (@cryptoquant_com) September 30, 2024 Maartun attributed TON’s dominance in September to token launches from Telegram clicker app projects like DOGS , CatizenAI, Rocky Rabbit, Watbird, and Hamster Kombat . As highlighted by Maartun, these projects all boast millions of monthly active users, the largest being Hamster Kombat with over 110 million monthly active users. TON’s most recent feat comes as it attracts support and integration from some of the blockchain industry’s biggest players. Everyone Wants a Piece of the TON Pie After listing TON in August 2024 , Binance , in September 2024, confirmed that it was joining the TON ecosystem with a Telegram clicker game of its own called Moonbix. Per the project’s Telegram, the game has already attracted over 20 million monthly users. Beyond Binance, on September 18, Bitget and Foresight Ventures announced a staggering $30 million investment to accelerate TON ecosystem growth, focusing on Telegram-based clicker apps. On the Flipside The data likely also includes transactions from bots as network participants seek to game airdrops. Despite Bitget’s massive TON investment, a report from the firm has urged the network to expand beyond Telegram in light of the platform’s recent regulatory woes. Despite the TON network’s dominance in September 2024, the network’s eponymous native token only surged about 8%, per CoinGecko data . Why This Matters Despite now being an independent project, TON’s primary catalyst remains its deep ties and integrations with Telegram. As such, Telegram’s recent regulatory woes in France, including the arrest of its CEO Pavel Durov, sparked significant concern about the future of TON. The data from CryptoQuant, however, suggests that the network and its users have been undeterred by Telegram’s woes. Read this for more on TON: Why TON Must Diversify to Survive Telegram Drama: Bitget Stay up to date with the latest on ether ETF flows: Ether ETFs Break Negative 5-Week Streak with $87M Inflows
How TON Dominated Layer 1 Chains in September Despite Telegram ConcernsAccording to founder and CEO Pavel Durov, crypto-friendly instant messenger Telegram has been disclosing IP addresses of criminals to authorities since 2018. Durov took to his Telegram channel on Oct. 2 to clarify his recent post about disclosures of IP addresses and phone numbers of accounts found to be involved in criminal activity. An excerpt from Durov’s latest post on user data disclosures on Telegram. Source Du Rove’s Channel (Telegram) “My previous post may have seemed to announce a major shift in how Telegram works. But in reality, little has changed,” Durov said in his most recent communication. Telegram’s account disclosures were in place “long before last week” According to Durov, Telegram has been able to disclose IP addresses and phone numbers of criminals to authorities since 2018, in accordance with its privacy policies in “most countries.” He wrote: “Whenever we received a properly formed legal request via relevant communication lines, we would verify it and disclose the IP addresses/phone numbers of dangerous criminals. This process had been in place long before last week.” Durov cited data from Telegram’s Transparency Bot, which is designed to provide users with the number of processed requests for data disclosures from authorities. Related: Wallet in Telegram app temporarily blocked for UK users due to restructuring “For example, in Brazil, we disclosed data for 75 legal requests in Q1 (January-March) 2024, 63 in Q2, and 65 in Q3. In India, our largest market, we satisfied 2461 legal requests in Q1, 2151 in Q2, and 2380 in Q3,” Durov said. Check out Cointelegraph’s guide to learn more about the untold story of Telegram founder Pavel Durov . Telegram’s core principles haven’t changed, CEO says Durov said the news from last week showed that Telegram has been “streamlining and unifying its privacy policy across different countries.” He stressed that Telegram’s core principles haven’t changed, as the company has always sought to comply with relevant local laws “as long as they didn’t go against our values of freedom and privacy.” He added: “Telegram was built to protect activists and ordinary people from corrupt governments and corporations — we do not allow criminals to abuse our platform or evade justice.” Durov’s clarification on Telegram’s data disclosure policies comes about a month after French authorities indicted the CEO on six charges related to illicit activity on the messenger app on Aug. 28. After being released on a $5.5-million bail on Sept. 5, Durov broke his silence on social media for the first time following his arrest, claiming that the charges were “misguided.” Source: Pavel Durov The Telegram CEO has since been actively updating users on the messenger’s measures to combat illicit activity on the platform. Magazine: Hamster Kombat tappers evolve with Swipe-to-Earn + Axie Pals Tamagotchis: Web3 Gamer
Telegram has been disclosing user IPs since 2018, Durov saysDelivery scenarios