The public has not been as successful with popular tap-to earn tokens. Catizen has been down for the past three weeks in a row, costing investors thousands of dollars.
Hamster Kombat has seen its market capitalization drop from $600,000,000 to just $270,000,000, even though it boasts over 300 million active users.
The tokens are not as popular as other meme coins, such SPX6900 (Moo Deng), and Skibidi Toilet.
Catizen Hamster has crashed
Catizen and Hamster Kombat have all crashed over the last few weeks.
The drop was caused by the fear that has been prevailing in the market. Crypto fear and greed has reached a fear zone of 37. Bitcoin has also stalled its rally at $62,000.
They have also dropped due to the demand for memes, which is higher than other coins. Tokens such as Dogwifhat Pepe and Popcat, for example, have increased by more than 1,000% over the past few months.
There is a problem with the tokenomics. Hamster Kombat, for example, only gave 60% of the tokens they earned.
Dogizen is a popular choice for traders
Many investors are now focusing on Dogizen as Telegram’s tap-to earn industry has fallen in popularity.
Dogizen is claiming to be the very first Initial Coin Offering on Telegram. It aims to duplicate the success of Bitcoin Dogs which was the first ICO on the Bitcoin eco-system and raised millions.
Dogizen raised $575k in just a few days from investors. As with other token sales it aims to raise the price at each stage. This means that those who purchase it early will receive a discounted rate compared to people who wait until the airdrop.
Dogizen’s mini-app, DOGIZ as its token ticker, also saw a significant increase in users. Its website states that it has more than 1.40 million active users daily and over 393k users. Telegram, with its almost one billion users worldwide, has plenty of room for growth.
Dogizen is successful because it’s a completely different game from Hamster Kombat. Catizen and Notcoin. The platform aims to offer more than just a game that allows users to tap to earn.
Dogizen’s roadmap is longer than other networks that tap to earn, where the goal of the network is the airdrop.
As an example, the expansion phase of its development will see the release of the Dogizen Launchpad and the Gaming Arcade extension, as well as a SDK for developers. Also, the developers of Dogizen will launch an innovative advertising platform that will allow developers to make money from their platform.
Other products that are worth watching include revenue sharing and brand partnerships. Dogizen can be found here.
Dogizen, therefore, will learn from the failures of Hamster Kommbat, Notcoin and PixelVerse in order to make sure that the token performs well after the airdrop.
The ICD published this post: Traders switch to Dogizen after Hamster Kombat and Catizen collapse.
