Despite Bitcoin and Ethereum struggling, select altcoins like Celestia have seen significant gains, with TIA up 27%.
Notcoin, fuelled by the popular Telegram-based game Hamster Kombat, has risen 17% in a day.
The Open Network (TON) supports this growth, benefiting from its large Telegram user base across Europe and Asia.
While Bitcoin and Ethereum are struggling to keep their recently regained levels, the crypto market remains firmly in fear territory.
Fear-and-Greed Index, source alternative.me
Related: US Spot Bitcoin ETFs See Record Inflows Amid Price Crash
Despite the fear a few altcoins have been able to buck the trend, with some even making double-digit gains.
Celestia’s Moment in the Sun
Celestia is having a bit of a moment, gaining 27% in the past 24 hours. At the time of writing TIA is trading hands for US$6.34 (AU$9.40) as per data from CoinMarketCap. However, TIA is still a long way off – around 70% down from its high in February, when it was trading at US$31.01 (AU$46.01).
TIA/USDT, source: TradingView
From a technical perspective, CryptoRollerCoaster said in a post that a sustained move above the US$5.40 (AU$8) key resistance level “could push it towards [the] next resistance levels”.
Notcoin and TON Ride GameFi Wave
Notcoin (NOT) is up 17% in the past 24 hours and 19% in the past week. Notcoin’s surge is fuelled by developments around Telegram-based game Hamster Kombat. The game, built on The Open Network (TON) has broken records with over 200 million strong playerbase according to developers.
Notcoin (NOT), 7-day graph, source: CoinMarketCap
Users can earn Notcoin (Not Toncoin, interestingly) for clicking a… hamster, yes.
Notcoin is itself a project of TON and that network has swelled to now 500 million users. Its cryptocurrency, Toncoin, ranks as the eighth largest by market cap at US$17.91 billion (AU$26.58 billion), surpassing major blockchains such as Dogecoin, Cardano and Tron.
Related: Trump Victory Could Spark Bitcoin Rally, Report Says
Ton itself is up 3.2% in the past 24 hours, benefitting from the flurry of activity on the blockchain and its related projects.
Toncoin (TON), 1-day graph, source: CoinMarketCap
The growth of The Open Network and Toncoin is further fuelled by the global user base of Telegram – particularly strong in Europe and Asia, where entrepreneurs see a significant opportunity in the underutilised gaming potential among its almost 1 billion strong userbase.
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