Telegram’s ‘X Empire’ and ‘Rocky Rabbit’ Game Tokens Hit Record Prices
Date: 2024-11-12 Author: Henry Casey Categories: AIRDROPS
It’s not just major cryptocurrencies like Bitcoin that are seeing gains in the market – Telegram’s game-related tokens have also seen significant gains. The Elon Musk-inspired ‘X Empire’ and ‘Rocky Rabbit’ tokens hit their all-time highs on Sunday.
Telegram has been aggressively pushing the ‘tap-to-earn’ gaming model this year, where users earn in-game currency or points by tapping on the screen. This allows players to qualify for future crypto airdrops when the tokens launch. However, many tokens have been losing value: Hamster Kombat (HMSTR) and Catizen (CATI) have both fallen 50% since launch, while X Empire (X) has fallen 55%. However, the situation has changed since the election.
With Donald Trump’s re-election as US President, the X Empire token has seen a sharp rise in price, possibly due to its association with Musk, although he has no official affiliation with the game.
The token hit a new record high last week, then retreated, but rose again to a high on Sunday. Before the election, X had risen 1,370%.
RabBitcoin (RBTC), a token associated with the game “Rocky Rabbit,” also hit a high, although there are no political ties. RBTC rose sharply from Sunday to Monday.
