Telegram’s crypto-scene topped 2024 charts, drawing millions of users.
Most of these projects seem to have lost their original appeal.
Toncoin may continue to fall as negative funding and bearish technical indicators increase the selling momentum.
Hamster Kombat continues to struggle despite its hyped launch.
Dogizen is poised to take over the meme coin trend with its first ICO in Telegram.
Toncoin signals near-term bearishness
TON shows weakness, after losing 10% in value over the past week.
Recent price declines have brought prices to the lower edge of the horizontal channel, forming a major support barrier that has been in place since March.
If this price is not maintained, Toncoin could see a drop of double digits from its current level.
The alt also shows negative funding rates. This indicates traders’ diminished confidence in solid rebound in the short term.
According to Coinalyze, the metric was -0.0054 as of press time.
The funding rate is the fee paid for the contract to keep the price of the token close to its spot price.
It accounts, precisely, for the costs involved with holding long or short positions within a certain timeframe.
Negative figures indicate more short sellers, which is good for the market and lower prices.
Negative funding of TON amid price declines could lead to more shorts and push the altcoin lower.
The Directional Movement Index confirms this.
TON is currently trading at $5.43, nearing the bottom of a horizontal set-up that has kept it from further dipping since March.
It could be pushed off this level by the technical bearishness and the reduced funding.
This would mean TON prices testing at $4.43 – a 22.57 % drop from the current price.
A strong bullish trend as support would invalidate any downside movement and could catalyze an eventual 42% rise to the $7.96 resistance zone.
Hamster Kombat is back in action!
Hamster Kombat couldn’t maintain the excitement it generated after its debut.
Alt has lost over 30 percent of its value in the last 28 days, but its current market structure indicates that it will continue to suffer.
The On-Balance volume could not reach a peak local – this could have indicated a potential uptrend.
The Relative Strength Index has remained at around neutral 50 over the last 48 hours. This suggests that the market is indecisive.
HMSTR is trading at $0.004893, after a 6% increase in the last day.
It still shows a lack of momentum following the 30% drop last week.
For stable recovery, the token requires massive commitment from buyers amid Bitcoin’s strong moves beyond $60.
Dogizen transforms Telegram’s gaming industry
The new Dogizen is a strong competitor to Hamster Kombat and Toncoin.
Tap-to-earn is a project that aims to revolutionize the Telegram gaming industry with huge crypto rewards, enhanced experiences and enhanced user experience.
Dogizen, the company behind the Telegram messaging app that has over 950,000,000 users, plans to introduce crypto to the platform.
After the presale went live, this project received a massive response from participants who were interested in making money. It raised over $100K within a few hours.
Dogizen DOGIZEN, the native token of Dogizen, has a lot to offer. It is ready to surpass established memes like Dogecoin and Catizen.
DOGIZEN’s competitive advantage is its features such as the passive income it offers holders, and how investors can get a piece of platform revenue.
DOGIZEN is a great investment option for crypto enthusiasts who are looking to invest in low-cap currencies with a 100x growth potential.
Visit the Dogizen site for additional information.
As new information becomes available, this post Dogizen Price Forecast as Investors Lose Confidence in Toncoin Hamster Kombat and Dogizen may be updated.
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