Tokens associated with Telegram's tap-to-earn games have seen significant price increases, with X Empire and Rocky Rabbit leading the trend.
Tokens associated with Telegram's tap-to-earn games have seen significant price increases, with X Empire and Rocky Rabbit leading the trend. Both tokens reached all-time highs recently, highlighting a surge in interest in this category of cryptocurrency.
X Empire, a game themed around Elon Musk, reported a dramatic price jump following the recent U.S. presidential election. The token started at $0.00003719 before reaching a peak of $0.00054, marking a staggering 1,370% increase.
This rise is attributed to speculation surrounding Musk's connections to political events, although he has no formal ties to the game itself.
Similarly, the token for Rocky Rabbit, known as RabBitcoin (RBTC), also hit an all-time high of $0.00002435. The reasons behind RBTC's surge are less clear, but it has contributed to a broader increase in Telegram-related tokens, which are up by 16.2% in the past 24 hours. The association of RBTC with Bitcoin may be enhancing its appeal among investors.
Despite these peaks, both tokens have experienced a pullback. As of the latest reports, X Empire is trading at $0.00035, while RBTC has dropped to $0.000014.
In addition, Hamster Kombat (HMSTR), the most popular tap-to-earn game, has seen its token rise by 91% over the past week, although it remains significantly below its launch price of approximately $0.01.
Other notable gains include Notcoin (NOT) increasing by 30%, Catizen (CATI) rising by 43%, and Toncoin, which powers many of these Telegram games, climbing by 13%.
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