The cryptocurrency’s price has increased by more than 20% following the quick expansion of Hamster Kombat, a blockchain-based gaming platform that has accumulated over 239 million gamers in the last three months.
Amidst the amazing success of Hamster Kombat, LayerZero (ZRO), a decentralized finance (DeFi) project focused on layer 1 blockchain solutions, has seen a sharp increase in market value. The game has captured the attention of a global audience with its unique approach to fusing traditional gaming mechanics with blockchain technology.
After it was revealed that Hamster Kombat had amassed an impressive user base, LayerZero (ZRO) saw a significant increase in price in the cryptocurrency markets. ZRO’s stock jumped by more than 20%, setting a new three-month high, as investors were pleased to learn of the game’s broad appeal.
LayerZero Expresses Optimism As Demand Sets to Increase
Following the announcement of Hamster Kombat’s rise, LayerZero (ZRO) investors have expressed a resurgence of optimism on the project’s future. The ZRO is trading at $4.22 as at press time, with a market capitalization of more than $464 million. The price went up by over 69% from an all time low in June 27, 2024.
ZRO trading also went up by 78%, recording more than $781 million in trading volume. Analysts believe that the demand for ZRO tokens and other related cryptocurrencies may increase due to the ongoing growth of blockchain games like Hamster Kombat and others.
A larger audience of players and investors looking for cutting-edge, decentralized entertainment choices may be drawn into using blockchain technology in popular games. The price of Bitcoin is still down compared to its initial position, but hopes are high that it will rebound in subsequent times. Bitcoin dominates the cryptocurrency market by 53.7%, a 0.6% drop in the last 24 hours. Many memecoins had an increase in their price earlier today; the affected coins are Shiba Inu (SHIB), Dogecoin (DOGE), and Dogwifhat (WIF).
LayerZero Hopes on Hamster Kombat for Increased Sales
In his last post on X, the popular Web3 influencer Bellick Cruz, described LayerZero as the next big thing in the omnichain ecosystem. An anonymous fan of LayerZero, with alas as SpiderCrypto, defined the omnichain blockchain as the most performing infra firm for those who believe in the efficiency of the multichain future.
SpiderCrypto also commented on the price of ZRO in his X post on July 3 – the post described the ZRO as a hero during the market bear run. He says the target is to reach $10, a sentiment that other community members had agreed to, with many of them trusting it will rebound. Bitcoin also witnessed a major recovery on July 6, reaching $57,000 in 24 hours, a 2.35% increase.
The company aims to assist in the development of mini-games on the platform. The partnership agreement costs both parties $50 million. It is targeted at helping developers create innovations and develop new projects on the TON blockchain and the Telegram platform.
Fear and Greed Index Scores 37, Records Increased Investment
As SHIB records an 11.52% increase in price in the last 24 hours to reach $0.00001556, while DOGE had a 7.17% increase to reach $0.1077. WIF, also, had a 9.63% increase to hit $1.99. Other cryptocurrencies that made a comeback during this time include Binance Coin (BNB), Ethereum (ETH), which went up by 1.93%, Ripple (XRP) by 3.93%, and Solana (SOL) by 4.39%, while Toncoin (TON) went up by 4.87%.
The latest Fear and Greed Index scores above 37 indicate an increase in institutional and individual investments compared to what’s applicable in the previous months. However, Notcoin has launched its most anticipated gaming accelerator in partnership with Helika Gaming.
It was revealed that the introduction of Telegram-based games like Notcoin and Hamster Kombat will greatly improve the efficiency of the TON network through the augmentation of network activities and user adoption. Meanwhile, TON has been recently ranked as one of the most performing layer-1 blockchains, with a growing population of daily active users of 97% in three months.
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