TQ faces bearish pressure in the near term due to extreme volatility, weak fundamentals, and a collapsing user base, but potential social-driven revivals could create short-term spikes.
-99.97% crash from May 2025 highs reflects collapsing confidence
4457% vol/mcap ratio signals extreme liquidity risk
No verified circulating supply adds tokenomics uncertainty
Deep Dive
1. Project-specific catalysts
The tap-to-earn model faces existential challenges after TQ’s price collapsed -99.97% since its May 2025 all-time high of $0.2051 (CoinMarketCap). With 3.75B tokens self-reported as circulating (37.5% of max supply), further unlocks could accelerate selling pressure. The project’s survival likely hinges on: - User retention: Current engagement metrics unavailable, but the 91% weekly price drop suggests mass exodus - BNB Chain synergies: No announced partnerships with key BNB ecosystem players like PancakeSwap - Token utility expansion: Roadmap mentions AI features but lacks concrete timelines
2. Technical outlook
Price sits at $0.0000255 (30 June 2025), down 91% in 7 days with RSI14 at 12.6 – deeply oversold but without bullish divergence. Key technical factors: - Fibonacci retracement: Needs 148,000% rally to reach 23.6% level ($0.03709) from current price - Volume collapse: 24h trading volume fell 75% to $1.94M, with 92.7% concentrated on Gate.io - SMA resistance: Price trades 79% below 7-day SMA ($0.000123)
Conclusion
TQ’s future hinges on reversing its death spiral through demonstrable user growth and exchange diversification, but current data shows no turnaround catalysts. The 30-day volatility of -99.93% suggests extreme risk, while the 4457% vol/mcap ratio implies liquidity traps.
Can a Telegram-based game rebuild trust after 99%+ drawdowns, or will it become a cautionary tale of viral tokenomics gone wrong?