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$TOMA Token Dipped Nearly 100% Hours After Lunching: What Next?Hours after its much-anticipated launch on exchanges like Bitget, Gate.io, and MEXC, the PSECZ:TOMA coin experienced a dramatic dip of 99.6%, raising questions about its sustainability and the broader health of the Telegram-based Play-to-Earn (P2E) ecosystem. Despite the steep decline, opportunities for recovery and user engagement remain, especially through ongoing events like Bitget's Launchpool. Understanding the PSECZ:TOMA Token and Ecosystem About PSECZ:TOMA PSECZ:TOMA is the native token of Tomarket, an on-chain asset trading platform built within the Telegram ecosystem. It allows users to play games, earn tokens, and trade seamlessly. Backed by investments from Bitget Wallet and Foresight X, Tomarket aims to onboard Web2 users into Web3, boasting over 50 million users globally. Recent Developments Despite its ambitions, PSECZ:TOMA faced criticism from the community post-launch due to: - Token Allocation Concerns: Early adopters reported dissatisfaction with allocations, claiming that gas and membership fees far exceeded token value. - Total Supply Issues: The token's supply of 1 trillion raised eyebrows, with many seeing it as a potential cause of the price collapse. Opportunities Amid the Chaos One silver lining is Bitget’s Launchpool event, which allows users to lock BGB and PSECZ:TOMA to share a reward pool of 40,000,000 PSECZ:TOMA tokens. This initiative provides a chance for users to recover losses and potentially maximize returns. Market Performance and Technical Analysis PSECZ:TOMA is down 96.76%, trading at $0.00002201 on Gate.io under the TOMA/USDT pair. The absence of tracking on major aggregators like CoinMarketCap or CoinGecko exacerbates uncertainty around its valuation. Technical Outlook - Oversold Conditions: The token's massive drop suggests it is heavily oversold, potentially creating a buy zone for speculative traders. - Market Sentiment: Holder dissatisfaction has fueled negative sentiment, but the ongoing bloodbath across crypto markets—with Bitcoin down 6% to $94,000—also plays a role. Fundamental Outlook The Telegram-based P2E ecosystem, which PSECZ:TOMA represents, has seen declining traction. Recent projects have underperformed, casting doubt on the ecosystem’s viability. The Bigger Picture: Is the Telegram Ecosystem Fading? The PSECZ:TOMA debacle is not isolated. Many Telegram-based tokens have struggled post-launch, failing to deliver on promises. The once-thriving ecosystem now faces skepticism, with critics dubbing many projects as "premium dust." However, history shows that dramatic dips can precede sharp recoveries. If PSECZ:TOMA follows the trajectory of other tokens like HMaster Kombat, it may yet stage a comeback. What’s Next for PSECZ:TOMA ? The immediate future hinges on several factors: 1. Community Trust: Addressing allocation concerns and improving communication with holders will be crucial. 2. Utility Development: Enhancing the token’s use cases within the Tomarket ecosystem can help restore faith. 3. Market Conditions: Broader market recovery, particularly Bitcoin stabilization, will also influence PSECZ:TOMA ’s performance. Conclusion PSECZ:TOMA ’s launch has been tumultuous, marked by a near-total price collapse and widespread dissatisfaction. Yet, opportunities for recovery remain, especially through ongoing staking events and the potential for market stabilization. Whether PSECZ:TOMA can overcome its rocky start and reignite interest in the Telegram P2E ecosystem remains to be seen. For now, the crypto world watches closely, with hopes pinned on a potential rebound.
GATEIO:TOMAUSDTLong
by DEXWireNews
Notcoin Surge 32% in 2 days on unveiling rewards programNotcoin ( GETTEX:NOT ) has recently captured the attention of the crypto community with an impressive 32% surge in just two days. This rally was fueled by the announcement of its innovative Earn Program, aimed at driving user engagement and rewarding token holders. Let’s delve into the fundamental and technical aspects of GETTEX:NOT to understand its potential. Introducing the Earn Program Notcoin, a Tap-to-Earn Telegram game based on the TON blockchain, has unveiled a reward system designed with launch pool-style mechanics. This program enables users to earn passive income by holding tokens directly in their Telegram wallets without the need for staking or moving funds. Key highlights include: - Participation Incentives: Rewards are distributed to the top 100,000 holders in each pool, including pools for NOT and DOGS tokens. - Exclusive Pools: Additional reward pools are available for Gold, Platinum, and Early Notcoin Stakers, encouraging deeper engagement. - Seamless Integration: Token holders can request access to pools, and eligibility is automatically verified based on wallet balances. Community-Driven Ecosystem Since its launch in 2023, Notcoin has rapidly gained traction, boasting over 900 million users. Its native token, NOT, launched in May 2024, is now valued at $0.008 with a market cap exceeding $848 million. The project’s growth reflects its success in integrating blockchain technology with Telegram, providing a user-friendly gateway to the world of Web3. Utility Beyond Gaming While initially focused on its viral tap-to-earn game, Notcoin has evolved into a versatile cryptocurrency. It supports transactions on platforms like Telegram and serves as a platform for Web3 builders to present their products to the community. This multifaceted approach has strengthened its network and widened its appeal. Technical Analysis At the time of writing, GETTEX:NOT is trading at $0.008289, up 15.96% in the past 24 hours, with a 24-hour trading volume of $260.3 million. The token has shown resilience despite recent volatility, breaking out of a rising wedge pattern that previously triggered a sell-off. The recent surge is accompanied by a bullish engulfing candle on the charts, signaling potential for continued upward momentum. Currently at 45, the RSI indicates that GETTEX:NOT has ample room for further gains, rebounding from oversold conditions. Resistance and Support Levels - Support: Key support is found near $0.0075, which aligns with the base of the recent rally. - Resistance: Immediate resistance is observed at $0.0085. A break above this level could pave the way for a retest of the $0.0090 zone. Market Sentiment The general crypto market sentiment remains bullish, providing a favorable environment for GETTEX:NOT ’s recovery. The token’s recent innovations and its established user base on Telegram add to its bullish outlook. The Bigger Picture Notcoin’s growth underscores the increasing integration of blockchain technology with mainstream applications like Telegram. By bridging the gap between casual gamers and the world of Web3, GETTEX:NOT has positioned itself as a trailblazer in the cryptocurrency space. Its Earn Program not only incentivizes participation but also simplifies the process of earning passive income, making it an attractive option for both new and experienced crypto enthusiasts. As Notcoin continues to innovate and expand its ecosystem, the future looks bright for this community-driven cryptocurrency. With strong fundamentals and promising technical indicators, GETTEX:NOT has the potential to remain a significant player in the blockchain and gaming industries. Final Thoughts The recent surge in GETTEX:NOT ’s price highlights the market’s positive response to its new initiatives. For investors and traders, the token’s unique position within the TON blockchain and its expanding ecosystem offer compelling reasons to watch its progress closely. However, as with any investment, it’s essential to conduct thorough research and consider market conditions before making decisions.
Long
by DEXWireNews
Breaking: Binance Delists Notcoin (NOT) — What Next? Binance Delists NOT/BNB Pair: A Blow to Notcoin's Momentum? In a surprising move, Binance announced the delisting of the NOT/BNB and RDNT/BTC pairs, raising questions about the future of Notcoin (NOT). The decision, effective from December 6, aims to maintain a "high-quality trading market" and protect user interests. This delisting has sparked concerns among investors about reduced visibility and liquidity, especially for the Telegram-based click-to-earn token, which had gained significant traction. Technical Breakdown As of writing, NOT is trading at $0.009433, down 0.32% and indicating bearish reversal signs. The Relative Strength Index (RSI) stands at 61, suggesting a possible cool-down from previous highs. Despite this, NOT has shown resilience, up 1.98% in the last 24 hours, defying typical delisting-induced sell-offs. Traders should remain cautious, watching for a potential break below key support levels that could trigger further declines. Broader Market vs. Project Potential Notcoin's roots in the viral Telegram game helped it amass a dedicated user base, blending gaming and crypto. Its tap-to-earn model introduced many users to Web3, fostering engagement and community interaction. Beyond gaming, NOT's integration into the Telegram ecosystem highlights its broader utility for transactions and promotional campaigns for Web3 projects. However, Binance's move could dampen this momentum. Reduced market visibility might slow adoption unless other exchanges or community initiatives pick up the slack. Meanwhile, Binance has expanded support for tokens like KAIA and AERO, reflecting a strategic pivot towards newer assets. Market Sentiment: Mixed Reactions and Future Prospects Despite the delisting news, NOT saw a 3% price uptick, indicating investor resilience or speculative buying. This reaction contrasts with typical bearish trends following exchange delistings, suggesting underlying optimism within the community. Meanwhile, increased trading activity for KAIA and AERO shows that delistings aren't universally detrimental if a strong community or utility backs the project. Conclusion The delisting could challenge Notcoin's immediate future, but its community-driven foundation and utility within the Telegram ecosystem remain strengths. Investors should monitor technical indicators closely while considering the broader market's bullish sentiment. If NOT holds key support levels, it could weather this storm and emerge stronger with strategic partnerships or listings on other platforms. Stay informed: Market dynamics are shifting, and staying updated is key. 🚀
by DEXWireNews
9
Telegram's Pavel Durov Endorses MAJOR TokenIn an unexpected show of support, Telegram CEO Pavel Durov has endorsed the MAJOR token, committing to hold 1% of its total supply for the next decade. This bold move not only opines Durov's faith in MAJOR's ecosystem but also marks a significant moment for the token's market trajectory. Here, we delve into both the technical and fundamental analyses to explore what this endorsement means for investors and enthusiasts alike. Fundamental Strengths of MAJOR Seamless Integration with Telegram: MAJOR's strength lies in its deep integration with Telegram, a platform boasting over 700 million monthly active users. This integration allows MAJOR to leverage Telegram's vast user base for its mini-app ecosystem, providing a fertile ground for growth and adoption. Durov's endorsement is not just a vote of confidence but a testament to the potential he sees in this synergy. Innovative Ecosystem Expansion: - NFT Rentals: MAJOR plans to introduce username NFT rentals, a novel feature aimed at enhancing user engagement and creating a new revenue stream. - Gaming Hub: An upcoming gaming hub could tap into the growing trend of blockchain gaming, offering a new utility for the token. - Digital IDs: This feature aims at providing secure, blockchain-based identity solutions, potentially increasing the token's necessity within digital interactions. These features are designed not only to sustain but to potentially accelerate the growth of MAJOR's community and usage, which has already seen remarkable figures with 70 million users in just five months. Market Cap and Tokenomics: Although specific circulating and total supply details are currently unavailable, the token's planned distribution includes a strategic allocation for marketing, liquidity, development, and team retention, with a notable portion dedicated to Durov's holding. This structure aims at ensuring stability and long-term growth over speculative volatility. Technical Analysis As of writing, SET:MAJOR trades at $1.10, experiencing a 24.15% drop in the last 24 hours. Despite this dip, the token's futures on OKX are priced at $1.43, suggesting a market anticipation for a potential rebound. The 15-minute chart shows MAJOR forming a bullish symmetrical triangle, with a breakout expected around $1.20. Breaking above this level could signal a strong reversal, especially given the token's recent downturn. Volume and Interest: With a 24-hour trading volume of approximately $117 million, there's considerable interest in MAJOR, reflecting its market activity and liquidity, especially around its listing events. Implications of Durov's Endorsement Pavel Durov's commitment to hold SET:MAJOR for 10 years is a significant psychological booster for investors. It signals: - Long-term Vision: Durov's long-term holding strategy implies a belief in the project's sustainability and growth potential. - Community Trust: His involvement likely enhances trust and interest from the broader Telegram community, potentially leading to increased adoption. - Market Stability: By not selling, Durov could help stabilize the token's price, reducing the risk of significant sell-offs in the short to medium term. Conclusion MAJOR's listing on six major exchanges today, coupled with Pavel Durov's endorsement, positions it uniquely in the crypto market. The blend of its prospects through innovative features and a robust integration with Telegram, alongside a promising technical chart pattern, suggests that MAJOR could be on the cusp of a significant price movement. However, investors should remain cautious, considering the high volatility and the speculative nature of the cryptocurrency market. As always, the crypto space demands a balanced approach combining both fundamental understanding and technical vigilance. Disclaimer: Cryptocurrency investments are subject to high market risk. The analysis provided herein reflects current trends and insights but should not be construed as financial advice. Investors must conduct their own research and consider their risk tolerance before investing.
GATEIO:MAJORUSDTLong
by DEXWireNews
18
WMT benefits from consumer confidence LONGWMT may be benefiting from the potential suspension of federal rate hikes potentially giving consumers more buying confidence and maybe a stabilization of credit card rates as another form of relief. On the 4H chart, WMT is showed with a pair of anchored VWAP bands set at the beginning of a prior breakout on June 30th and the pivot high on July 5th. Price had descended to the third deviation green lines below the mean VWAPs zone ( black lines) but has now ascended to the first deviation blue lines below the mean VWAPs. WMT is in an early VWAP breakout at this point as price approaches the mean VWAP. The MFT RSI indicator of Chris Moody shows both low and high TF RSIs now above the 50 level and the low higher than the high demonstrating bullish momentum. The zero-lag MACD is also confirmatory showing a line cross under the histogram on July 11th. I find WMT suitably set up for a swing long trade. I will seek out the best entry on the 15-30 minute time frame by identifying a privot low from which to enter. The target is the red second deviation lines above the mean VWAP zone at $158.25. A call options trade would be for $157.00 with a 9-10 DTE.
NYSE:WMT
by AwesomeAvani