TON Ecosystem's Banana Game Surpasses the Key Milestone of 1 Million Users Within Just 72 Hours

Interestingly, the good news coincided with the TONCOIN rising above a bearish trading pattern. At the press time, the coin is trading at $6.72, up over 1.30%

TON ecosystem’s Banana game crossed a key milestone by garnering over 1 million users within just 72 hours. This news comes as a pleasant surprise, especially considering the bearish trading pattern that has been affecting TONCOIN. At press time, the coin is trading at $6.72, up over 1.30% as compared to the same time last day.

According to the latest updates, Banana game is a crucial component in TON’s strategy to drive widespread adoption of Web3 gaming and increase user acquisition into the TON ecosystem. It has managed to activate some of the largest participants in the TON space.

The game, which has also gained popularity quickly among Web2 and Web3 players, has 2.9 million in-game activities completed by users and 580,000 social media profiles linked to Banana game.

Moreover, daily banana rewards, PEEL awards that change according to how rare a banana is, and chances to earn extra bananas through activities like tying a CARV ID, interacting on social media, and making referrals are some of Banana game’s standout features.

With varying values and degrees of rarity, bananas can be sold for USDT and Peels. The rarest variety, the Banana Matrix, can fetch up to 500 USDT. Interesting, gamers can exchange their in-game achievements for material goods by binding and minting their CARV ID.

Now, coming to TONCOIN, usually a positive news regarding an ecosystem positively affects the price of their inhouse digital assets. At present, the news about TON’s ecosystem getting widespread appreciation might have kept investor sentiment upbeat and going. Therefore, if such bullish cues keep coming the way, TON can see repeated price rise in the future.

As to latest estimation, the value of Toncoin is expected to increase by 229.39% and hit $22.19 in the coming month. Other technical indicators show that the current mood for the coin is bearish. The Fear & Greed Index for the coin is currently reading 67 (Greed).

Moreover, over the previous 30 days, Toncoin had 14/30 (47%) green days and 4.80% price volatility. According to the technical analysis, there is a general bearish sentiment for the price prognosis of Toncoin. At present, 14 technical analysis indicators indicate bullish signs and 17 indicate bearish signals.

By August 29, 2024, Toncoin’s 200-day Simple Moving Average (SMA) will reach $6.79. Also, during the same time, the short-term 50-Day SMA for Toncoin is predicted to reach $10.86.

The momentum oscillator known as the Relative Strength Index (RSI) indicates when a cryptocurrency is overbought (above 70) or oversold (below 30). The TON market is neutral at the moment, as indicated by the RSI figure of 37.09.

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