• Toncoin (TON) surged to $7.03, making it into the highest 10 cryptocurrencies.
• The combination of Hamster Kombat led to a 270% enhance in TON’s each day buying and selling quantity.
• TON’s MACD suggests a bounce is feasible regardless of weakening momentum.

The launch of the tap-to-earn enterprise simulation recreation Hamster Fight has generated curiosity, serving to to spice up the worth of TonCoin (TON) regardless of a weak begin to the weekend.

This surge has seen TONcoin overtake Cardano and safe its place among the many prime 10 cryptocurrencies by market capitalization. The sport, which leverages on-chain belongings on the TON blockchain, has attracted an enormous consumer base, contributing to TON's sturdy efficiency.

This improvement has seen TON’s value hit a seven-day excessive of $7.03 up to now 24 hours. Regardless of failing to interrupt by resistance, bullish momentum stays robust on the time of writing, with TON buying and selling at $6.73, up 6.10% from the intraday low.

In tandem with this rise, TON’s market cap (ranked ninth) and 24-hour buying and selling quantity surged 5.77% and 269.80%, reaching $16,208,874,781 and $495,972,466, respectively.

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

Hamster Fight Development and Person Engagement

Hamster Kombat has change into well-liked on social media platforms, particularly Telegram, leveraging the app's native sharing options. The sport has attracted greater than 60 million gamers, with 24 million each day lively customers. Moreover, Hamster Kombat's YouTube channel gained 10 million subscribers in simply seven days.

Hamster Kombat lately introduced a particular “Launch on TON” card to rejoice its integration into the TON ecosystem. This new characteristic goals to additional improve participant rewards and enhance the general gameplay expertise. As extra customers have interaction with the sport and its new options, demand for Toncoin is prone to observe go well with.

TON/USD Technical Evaluation

The TONUSD 24-hour value chart means that the bulls are dropping momentum because the Common Directional Index (ADX) is rated at 12.19. This pattern may point out that Toncoin value might appropriate or consolidate earlier than the subsequent upswing.

If the ADX continues to fall and the RSI stays flat, Toncoin might enter a interval of correction and pull again within the medium time period. Within the brief time period, the bulls should still be capable of mount a comeback because the RSI is at present solely studying 56.

TON/USD 24-hour value chart (Supply: Buying and selling View)

The Shifting Common Convergence Divergence (MACD) score of 0.10 and the sign line at 0.11 point out that the bullish momentum is fading, however a bounce continues to be doable. A crossover above the sign line may sign a continuation of Toncoin’s uptrend.

Furthermore, the histogram is displaying a slight weakening of the bullish momentum, suggesting a doable consolidation section within the close to future. This pattern may current a shopping for alternative for merchants trying to enter at decrease costs earlier than the subsequent uptrend.