Tapswap (TAPS) could be the next big thing in the cryptocurrency industry as the developers prepare for the pool launch. Initially planned for June, the launch has been rescheduled to July 1st due to the developers’ discovery of numerous bots.
Why Tapswap might be the next big thing
Tapswap is a simple play-to-earn application on Telegram’s ecosystem. Users simply sign up using their Telegram application and then start earning TapSwap tokens by just clicking on the platform’s logo.
There are a few reasons why Tapswap could be the next big thing in the crypto industry. First, the application has become highly popular among the crypto community. For example, its X page has over 4.9 million followers, making it more popular than Solana (2.6 million), Ethereum (3.4 million), and Pi Network (3.3 million).
Second, Tapswap has seen millions of users join the platform in the past few months. The most recent data shows that the Tapswap network has attained over 30 million players from around the world.
These users are similar to those who use Notcoin, one of the fastest-growing cryptocurrencies in the world. Their numbers will likely continue to grow after the developers launched the biggest reward ever, worth 3 million shares, and the possibility of users getting a $600 Binance voucher.”
Third, Tapswap and Notcoin are similar applications and the latter’s token is valued at over $2.3 billion, making it the 50th biggest cryptocurrency in the world. Therefore, there is a possibility that Tapswap will attain a market cap of over $2 billion when it gets launched.
Telegram ecosystem growth
The other reason why Tapswap could be the next big thing is that the Telegram ecosystem is growing rapidly. Recent data shows that Telegram has reached over 900 million users and the developers aim to get to over 1 billion users this year.
Further, as I wrote on Monday, Telegram’s Toncoin ecosystem is booming, with the number of users and the Decentralized Finance (DeFi) Total Value Locked (TVL) soaring to a record high recently. In addition to Notcoin, some of the fastest-growing parts of the ecosystem are Tonstakers, DeDust, and Bemo.
Therefore, in line with this, there is a possibility that Tapswap will also become a big thing in the ecosystem shortly after its airdrop.
However, there are two things to have in mind. First, its performance will likely depend on the overall trends in the crypto industry. It will do much better if Bitcoin and other altcoins are rallying.
Second, there are concerns about the long-term value of the play-to-earn model. While the likes of Sandbox and Decentraland started well, they have all lost their momentum in the past few years.
