Notcoin and TON have surged, highlighting the growing popularity of tap-to-earn crypto games.
During Friday’s early New York trading session, Notcoin (NOT) emerged as the top performer, rallying by 20% to trade at $0.02.
Interestingly, Notcoin's significant intraday rise was closely mirrored by Toncoin (TON), which hosts engaging tap-to-earn crypto games on Telegram.
Tap-to-Earn Crypto Craze
Beyond price movements, NOT has spearheaded a broader Web 3 gaming trend known as 'tap-to-earn'. These games, predominantly hosted on Telegram and Solana (SOL), have gained substantial traction.
Telegram-based tap-to-earn games have attracted millions of users, dominating top rankings across Telegram channels. For example, three of the top five global Telegram channels are dedicated to tap-to-earn games: Hamster Kombat (HMSTR), TapSwap (TAPS), and Notcoin (NOT).
These games enable users to earn tokens by completing simple tasks such as subscribing to YouTube channels and other missions. These tokens are tradable within Telegram’s The Open Network (TON) ecosystem.
Notably, Hamster Kombat achieved a milestone of 144 million players in less than 100 days, underscoring the growing appeal and adoption of tap-to-earn crypto games.
The accessibility and engaging features of clicker games on familiar platforms like Telegram are seen as pivotal in attracting billions of users to Web 3.
According to analyst Alex Kruger, tap-to-earn crypto tokens are poised to surpass the success of meme coins.
Moreover, a recent Bloomberg report hailed clicker games as emerging 'killer apps' that introduce millions of new users to various services such as staking, swapping, and trading.
Given that most of these games operate on TON, including Hamster Kombat, network effects are becoming increasingly evident.
Source: Artemis
Artemis data revealed that in the first half of June, the Ton network outpaced Ethereum (ETH) in daily active users.
However, the longevity of this trend remains uncertain, with questions lingering about whether it will endure beyond the current market excitement, akin to the rise and fall of Axie Infinity (AXS) during previous market cycles.
About the Author: Ris T
Ris T is the COO of Bitduc8 and been in the crypto space for more than 4 years.
Comments