Toncoin Surges into High 10 Cryptocurrencies, Fueled by Viral Recreation Hamster Kombat

• Toncoin (TON) surges to $7.03, coming into the highest 10 cryptocurrencies.
• Hamster Kombat’s integration spikes TON’s every day commerce quantity by 270%.
• TON’s MACD suggests a possible rebound regardless of easing momentum.

The launch of Hamster Kombat, a tap-to-earn administration simulation recreation, has sparked curiosity and pushed up the worth of Toncoin (TON), regardless of a bearish weekend begin.

This surge propelled Toncoin previous Cardano, securing its place among the many prime 10 cryptocurrencies by market capitalization. The sport, which makes use of on-chain belongings on the TON blockchain, has attracted a large person base, contributing to TON’s sturdy efficiency.

This improvement led to TON’s value reaching a 7-day excessive of $7.03 within the final 24 hours. Whereas it failed to interrupt by means of resistance, bullish momentum remained robust at press time, with TON buying and selling at $6.73, a 6.10% improve from the intra-day low.

Alongside this rally, TON’s market capitalization (rating ninth) and 24-hour buying and selling quantity surged by 5.77% and 269.80% respectively, reaching $16,208,874,781 and $495,972,466.

TON/USD 24-hour value chart (supply: CoinMarketCap)

Hamster Kombat Progress and Consumer Engagement

Hamster Kombat has gained recognition on social media platforms, notably on Telegram, by leveraging the app’s native sharing options. The sport has attracted over 60 million gamers, with 24 million every day energetic customers. Moreover, the Hamster Kombat YouTube channel garnered 10 million subscribers in simply seven days.

Hamster Kombat just lately introduced a particular “launch on TON” card to have a good time its integration into the TON ecosystem. This new function goals to additional improve participant rewards, bettering the general gameplay expertise. With the rising variety of customers participating with the sport and its new options, demand for Toncoin is more likely to comply with swimsuit.

TON/USD Technical Evaluation

On the TONUSD 24-hour value chart, the Common Directional Index (ADX) score of 12.19 means that the bull rally could also be dropping momentum. This development may point out a possible value correction or consolidation interval for Toncoin earlier than one other rally. 

If the ADX continues to drop, and the RSI stays flat, Toncoin may expertise a corrective section, and a pullback would possibly happen within the medium time period. Within the shorter timeframe, the bulls should be capable of make a comeback as the present RSI studying is barely at 56.

TON/USD 24-hour value chart (supply: TradingView)

The Shifting Common Convergence Divergence (MACD) score of 0.10 whereas its sign line at 0.11 means that the bullish momentum is dropping steam, however there’s nonetheless potential for a rebound. A crossover above its sign line may sign a continuation of the upward development for Toncoin. 

Furthermore, the histogram exhibits a slight lower in bullish momentum, indicating a doable consolidation section quickly. This development may current a shopping for alternative for merchants seeking to enter at a cheaper price earlier than the subsequent leg up.