• Hamster Kombat's Token Technology Occasion (TGE) is scheduled for July.
• Hamster Kombat is a tap-to-earn recreation with over 200 million customers.
• The TGE is predicted to have a optimistic impression on the value of Toncoin.

The Open Community (TON) blockchain is experiencing a surge in recognition and worth because the token technology occasion (TGE) for Hamster Fight, a preferred play-to-earn recreation on the Telegram platform, approaches.

The sport's success and anticipated token launch have led to elevated exercise on the TON community, suggesting rising curiosity in its potential. Hamster Fight's TGE will see the technical technology of the HMSTR token. In line with the sport's official web site, the token's in-game utility can even be made public in July, with the mission set to proceed present process important upgrades.

Notably, Hamster Fight reached the 200 million person milestone simply three months after its debut, making it the third-fastest app to succeed in that milestone. The “faucet to earn” recreation is predicted to interrupt data and hit bold milestones, similar to Notcoin (NOT).

TGE will leverage the TON blockchain for token technology and airdrop distribution. Moreover, the TON pockets shall be built-in into the sport platform, offering additional utility to Toncoin. Hamster Kombat additionally plans to launch further occasions and in-game options in This fall 2024, together with Squad Kombat, characters and skins, limited-time occasions, and dwell occasions.

The recognition of Toncoin (TON) and the TON blockchain has grown with the launch of common video games like Notcoin and Hamster Kombat. The community’s whole locked worth (TVL) has grown from $13.51 million firstly of the yr to a staggering $712.25 million as of July 4, in accordance with information from DefiLlama.

TON’s all-time excessive TVL was $733.62 million, recorded on July 2. In the meantime, the token’s worth has but to catch up: In line with CoinMarketCap, the digital asset is priced at $7.60, down 4.96% up to now 24 hours.

As seen within the chart beneath, Toncoin’s Relative Power Index (RSI) is exhibiting a studying of 51.88, indicating that purchasing stress stays robust, nonetheless, the slope of the road suggests it might be getting into bearish territory.

Supply: Buying and selling

The TON token can also be down 7.6% from its all-time excessive of $8.24 on June 15. Nevertheless, it has risen 431.83% since July 2023, making it one of many best-performing altcoins available on the market. The current market downturn could possibly be impacting TON's worth motion.