BONK price has noted a substantial decline over the past couple of weeks, bringing the altcoin down to a two-month low.

The mixed signals arising from the broader market cues and investors’ skepticism highlight a different path.

BONK Investors Stand Unsure

BONK price could be noting sideways momentum in the coming weeks because the market is bullish but investors are bearish. The Moving Average Convergence Divergence (MACD) recently experienced a bullish crossover. This is the first such occurrence since the beginning of June. 

This technical indicator suggests a potential shift in momentum, which could signal an upcoming upward trend for the cryptocurrency.

However, despite the bullish MACD signal, BONK’s funding rate continues to dwindle. The shift between negative and positive rates indicates that investors remain uncertain about the coin’s future direction, which shows a lack of confidence in sustained positive performance.

Read More: 7 Hot Meme Coins and Altcoins that are Trending in 2024

The conflicting signals between the MACD crossover and the falling funding rate highlight the cautious sentiment prevailing among BONK investors. While technical indicators might suggest potential gains, the overall market sentiment appears hesitant.

As a result, BONK’s price might witness a sideways momentum building up.

BONK Price Prediction: Sideways Ahead

BONK price fell by 51% throughout June falling to trade at $0.00001950 before recovering slightly, hovering above $0.00002212. In doing so the altcoin spooked the investors who have since been switching sides between bearish and bullish.

However, considering the mixed signals, it appears that BONK will most likely consolidate in the coming days. The range could be $0.00002748 and $0.00002212.

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Breaching either of the limits would invalidate the bearish-neutral thesis and result in either a rise to $0.00003000 or a drop to $0.00001375.

The popular clicker game Hamster Kombat is quickly gaining popularity on Telegram and other platforms.

The Hamster Kombat YouTube channel has surpassed the previous leader in subscriber growth and is now vying for a Guinness World Record.

Hamster Kombat’s Guinness World Record Ambition

According to the project team’s post, Hamster Kombat’s YouTube channel has surpassed popular YouTuber Mr. Beast in new subscriber count. While Mr. Beast still holds a larger total number of subscribers, he has never experienced the explosive growth that Hamster Kombat has seen.

Since its launch on May 24, over 30 million people have subscribed to Hamster Kombat’s YouTube channel. Remarkably, over 10 million subscribers joined in six days, 13 hours, and 15 minutes.

Given its swift ascent and widespread popularity, Hamster Kombat has a strong chance of securing a Guinness World Record. The game’s developers are actively pursuing this recognition, aiming to cement their place in gaming history.

Read more: Tap-to-Earn: What to Know About the Crypto GameFi Trend

According to Social Blade, the total number of video views from game’s YouTube channel currently stands at 512 million. On average, the content gains 20 million views daily, generating estimated daily revenue between $4,000 and $69,000.

Hamster Kombat’s impressive growth on YouTube is easy to understand. Users receive in-game coins for watching new videos and updating tasks and content daily. The team behind the game also creates educational videos specifically designed for newcomers to Web3.

Telegram Games Keep Making Headlines

Hamster Kombat, a relatively new clicker game that emerged following the hype around Notcoin, appeared at the end of March. Several factors contribute to the project’s meteoric rise:

• Accessibility: The game is easily accessible through the Telegram messaging app, eliminating the need for separate downloads.
• Social Features: Hamster Kombat leverages Telegram’s large user base, enabling social interactions, friendly competition, and the sharing of scores and experiences.
• Cross-generational Appeal: The game attracts a wide range of players, from children to adults, with its cute characters and simple gameplay.
• Novelty: The unique and entertaining concept of fighting hamsters offers a refreshing change from traditional fighting games.

The game is played widely, but some governments see it as a threat. For instance, the Iranian government has labeled it a “special project of the West.” A report from BeInCrypto Russia revealed that players in Uzbekistan withdrawing coins from the game could face imprisonment for up to 15 days and hefty fines, highlighting the risks involved.

Amid these problems, Hamster Kombat’s team announced that it has attracted 200 million players. The milestone comes ahead of a planned token generation event in July 2024, which will integrate tokens into the game’s economy.

Read more: What is Notcoin (NOT)? A Guide to the Telegram-Based GameFi Token

The game’s growth trajectory is similar to other crypto-powered games like Notcoin, which has become a significant player in the crypto market with a valuation of $1.45 billion. Both games leverage TON blockchain, favored by Telegram for its Web3 integrations. BeInCrypto recently spoke to experts to determine whether tap-to-earn games have a sustainable future or will be forgotten once the hype is over.

As July nears, the crypto market anticipates a significant wave of token unlocks, with projects set to release around $3 billion worth of assets.

Token unlocks involve gradually releasing coins to prevent early investors or team members from selling large amounts quickly. Market experts noted that this process can increase selling pressure on digital assets, which can affect the broader market.

Top Unlocks for July

CryptoRank, a prominent crypto research and analytics platform, has highlighted July’s top 10 token unlock events. These events will unlock over $3 billion in digital assets, including over $100 million in the first week of the month.

AltLayer, an Ethereum roll-up project deployer, will release around 684 million tokens worth $119 million on July 25. Token Unlocks data shows that these tokens represent 22% of the market cap. The assets would be distributed to its team, investors, advisers, protocol development, treasury ecosystem, and community.

Meanwhile, Layer-1 blockchain platform Aptos and Ethereum Layer-2 network Arbitrum will continue their monthly token releases. The two projects will cumulatively release $150 million worth of tokens for their team, advisors, and investors.

Read more: 11 Cryptos to Add to Your Portfolio Before Altcoin Season

Worldcoin, the proof-of-personhood project, will start a major token unlock on July 24. This event will release 6.62 million WLD tokens, valued at approximately $18 million, daily over 730 days. The tokens are allocated to the community, the initial development team, and investors.

Read more: 7 Must-Have Cryptocurrencies for Your Portfolio Before the Next Bull Run

Other notable July unlocks include Uniswap (UNI), Ronin (RON), SUI, ImmutableX (IMX), SEI, Starknet (STRK), and Ethereum Name Service (ENS). Uniswap plans to release 8.33 million UNI tokens worth $77.88 million on July 16. Ronin will release 35.71 million RON tokens valued at $76.32 million starting July 27.