October has seen a significant divergence in cryptocurrency market activity between Sui (SUI) and a fresh entrant into the space, Dogizen.

While SUI has recently experienced some fluctuations in momentum, Dogizen, a new Telegram tap-to-earn crypto gaming project, has captured the attention of investors and gamers alike being the first to issue an Initial Coin Offering (ICO) on Telegram.

Sui has been a prominent player in the crypto market, recently achieving a new all-time high (ATH) of $2.18 earlier this month.

As of now, SUI holds the 25th position in the cryptocurrency rankings, with a price of approximately $1.91, marking a decline of 6.2% over the last 24 hours.

Notably, today’s price decline, likely driven by profit-taking investors, comes after a meteoric surge that was capped by Sui’s addition to Bybit’s Launchpool on October 7.

The SUI ecosystem has made significant strides, surpassing a market cap of $8.5 billion, with SUI’s market cap estimated at around $5.38 billion.

The ecosystem’s overall trading volume has also seen impressive numbers, exceeding $6 billion daily, primarily driven by SUI and First Digital USD (FDUSD).

Moreover, SUI has shown promising signs in the altcoin market, ranking among the top three altcoins by net flow in the past month. This rise in net flow indicates growing investor interest, reminiscent of the boom experienced by Solana last year.

Despite these impressive figures, SUI’s current momentum appears to have stalled, prompting investors to explore other opportunities in the crypto space.

As profit-taking by early investors begins to manifest, SUI’s upward trajectory may face corrections, causing some investors to book profits after a remarkable 120% increase over the past month.

Amidst SUI’s fluctuating performance, Dogizen has made a significant splash as the first ICO to be hosted on Telegram, after officially launching its presale on October 4.

With its unique approach to gaming and community engagement, Dogizen aims to redefine the gaming experience on Telegram, harnessing the power of Web3 technology.

The presale for Dogizen has already attracted substantial attention, raising approximately $483,090 out of a targeted $700,000 in the current presale stage.

The current presale price for DOGIZ tokens stands at $0.00007, with the next stage price expected to rise to $0.000074.

This incremental price increase serves as an incentive for early investors to participate in the presale before prices escalate further in the next presale stages.

Dogizen presents an innovative gaming experience that merges fun and engagement with financial rewards.

Designed as a dog-themed social gaming platform, it allows users to tap into a world of interactive gameplay directly within their favourite messaging app, Telegram.

The project is powered by TON, ensuring seamless integration of Web3 functionalities for its users.

One of Dogizen’s standout features is its tap-to-earn model, which has already garnered a player base exceeding 1.3 million daily users. This model allows players to earn rewards as they engage with the game, creating an incentive for continued participation.

As Dogizen expands its offerings, including the development of an open-source SDK for developers, the project aims to foster a community-driven ecosystem that empowers creators and players alike.

Furthermore, the Dogizen ecosystem is designed to facilitate brand partnerships and meaningful ad interactions, ensuring that players can earn revenue through engaging gameplay.

By integrating advertisements into the gaming experience, Dogizen creates a symbiotic relationship between players and brands, ensuring that marketing efforts resonate with genuinely interested users.

As SUI navigates a challenging market landscape, Dogizen is emerging as an alternative investment opportunity in the cryptocurrency arena.

With its innovative approach to gaming on Telegram and a strong presale performance, Dogizen is set to capture the hearts and wallets of crypto enthusiasts.

As the first Telegram ICO, it offers a unique opportunity for investors to be part of a groundbreaking project that combines the excitement of gaming with the potential for financial reward.

With the current presale price of DOGIZ tokens and an anticipated increase in the next stage, now is an opportune moment for investors to tap into the future of Telegram gaming.

If interested in knowing more about this revolutionary Telegram tap-to-earn project, Dogizen, visit its official website, for more information on how to invest.

The post First Telegram ICO, Dogizen, gathers steam as SUI’s momentum stalls appeared first on Invezz

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