Notcoin, a Telegram mini-game based on the Dark Horse public chain TON, has been extremely popular since its launch in early January this year. Later, it was listed on dozens of mainstream exchanges such as Binance, OKX, and Bybit in May, and started to skyrocket in June. Model, the single-day trading volume once surpassed mainstream cryptocurrencies such as SOL and BNB, and the market value reached a maximum of 2.5 billion US dollars, attracting widespread attention.
The success of Notcoin has also attracted attention to other similar projects on TON. DOGS, Catizen, and Hamster Kombat have successively landed on major exchanges. Investors also expect these tokens to replicate the trend of Notcoin and bring them huge profits.
However, contrary to expectations, the trends of DOGS, Catizen, and Hamster Kombat failed to continue to reach highs. Except for DOGS, which had a brief rise after the opening of the market, Catizen and Hamster Kombat all fell all the way, causing many investors to shout that they were cut off.
The following dynamic area will sort out the performance of these tokens after their listing for readers.
DOGS
DOGS is a meme coin based on Telegram accounts, inspired by Spotty, the mascot designed by Telegram founder Pavel Durov for the community.
According to Binance data, DOGS officially landed on Binance on August 26, with an opening price of $0.0005454. One hour after the opening, it reached a record high of $0.0018, and then fell, only on the third day of listing (August 28). ) rebounded and then continued to fall. At the time of writing, the currency price was quoted at $0.000666, a drop of 41.5% in the past month.
Catizen(CATI)
Catizen, also a Telegram mini-game, was officially launched on September 20. The opening price on Binance was US$0.08. It also reached a record high price of US$1.2 one hour after the opening, but it never reached a new high, showing a straight line. The downward trend is at $0.468 at the time of writing, having fallen 36.5% in the two weeks since its launch.
Hamster Kombat (HMSTR)
Hamster Kombat, also known as Hamster Kombat in Chinese, is also a click-to-earn money game. It was listed on exchanges such as Binance and OKX on September 26. The opening price of Binance was US$0.001, and it reached the highest price in history of 0.014149 within one hour of the opening. The U.S. dollar, with a similar trend to CATI, has been falling all the way. At the time of writing, it is trading at $0.004913, which is a 96.5% drop from the highest price in history.
Why is the TON ecological token weak?
In summary, it can be seen that the trend of TON and its newly launched tokens in the ecosystem is not good. The reasons may be summarized as follows:
- DOGS, CATI and Hamster Kombat are essentially similar to Notcoin. According to the community, they deliver new users to the exchange through token distribution and promote the entry of over-the-counter funds. However, imitation disks that lack innovation are gradually not being used. Market buying also caused subsequent tokens to continue to fall after they were put on the shelves.
- Tokens such as CATI and Hamster Kombat that copy the Notcoin model are themselves packaged with chain games and Meme tags. However, how to continue to attract users after the currency is issued is the biggest difficulty for the sustainable development of the future ecosystem.
- Telegram founder and CEO Pavel Durov was indicted by France on six major crimes including conspiracy to commit illegal transactions and money laundering. Due to the deep binding between TON and Telegram, TON suffered a blow and the currency price fell.
- In this bull market, hot money has been attracted by the meme coins on the chain, but the tokens on the exchange lack wealth creation effects, so they are not paid by the market.
