As the October upward trend continues, harnessing the energy of SocialFi, two DeFi exchanged tokens, BDOGE and FROGGY, have demonstrated impressive growth in a short span of time.
In this roller coaster market, BDOGE emerged a frontrunner boasting a significant rally – a whopping +5,383% upswing in less than a day. This rally was spurred by a $1 million influx in trading volume, resonating with the market’s heightened excitement. However, the old adage – all good things must come to an end, seemed to have been true for BDOGE as a sudden slump triggered when the price hit a high of around $0.0304. Consequently, the price action fell -89.60% within the span of two hours which left many investors in a desolate state.
Amidst the tumbling fortunes of BDOGE, a new player in the DEX listed token market surged to the front – the FROGGY token. This token was launched on September 26th and after an initial phase of slow traction, FROGGY demonstrated an impressive end of the month rally with an alluring +4,204% gain at the onset of October. Following a brief localized retracement move, this token again witnessed a “skyrocket” effect, rallying by a massive +643% to hit an all-time high of $0.00001568.
Alike BDOGE, FROGGY is also experiencing a localized retracement, but bag-holders are fighting with tooth and nail to establish a foothold above the $0.00000095 price level. The trend suggests if they are successful, a second rally could be coming. The odds for this seem good, as buy pressure still constitutes 58% of the past hour’s transactions.
In other news, TG Casino, an emerging GambleFi project built on the back of Telegram, is gathering significant attention in the crypto community. Unlike many pump-and-dump schemes, it has built a comprehensive ecosystem integrating the thrill of casino gaming with the decentralization advantage of blockchain.
This project has a lot to offer, including encrypted data and funds for security, ever-growing user base due to not having a KYC protocol, and attractive deposit bonuses. The chief element, the $TGC token, serves as the heart of the ecosystem, facilitating transactions and providing growth potential. Already, the presale has raised $421k, indicating its appeal in the market.
However, one should always tread with caution in the crypto arena. It is crucial to conduct rigorous research before venturing into any investment decisions, which includes TG Casino. This is not merely an opportunity but could be a gateway to the future of Telegram GambleFi.
Source: Cryptonews
