As a seasoned crypto investor with battle-tested nerves and a portfolio that has weathered multiple market cycles, I find myself intrigued by Hamster Kombat’s current predicament. Having witnessed the rise and fall of numerous “to earn” cryptocurrencies, I can’t help but draw parallels to the rollercoaster ride Axie Infinity took us on.
As a researcher examining the current state of Hamster Kombat, I’ve noticed some troubling trends. The once-popular Telegram tap-to-earn network has been experiencing a decline in its user base, and its associated token continues to languish in a prolonged bear market. This situation presents significant challenges that need careful analysis and potential strategies for recovery.
Although Hamster Kombat (HMSTR) experienced a 75% increase since its October low, it’s still in an extended downtrend, as it’s down 72% from its peak. The market value of this stock has plummeted from approximately $600 million to $254 million now.
The number of active users on Hamster Kombat has experienced a significant drop, decreasing from over 300 million prior to its airdrop to approximately 30 million currently. As other Telegram mini-apps like TapSwap and Blum prepare for their own airdrops, many users have chosen to move to these platforms instead.
According to a representative from Hamster Kombat, they are actively making efforts to draw their viewers back before the start of Season 2, and it was expected that there would be a decline in users prior to this.
As a researcher delving into the realm of cryptocurrencies, I’ve observed an intriguing pattern: Cryptocurrencies associated with gaming or earning mechanisms tend to garner significant initial excitement. For example, Axie Infinity (AXS) was once a bustling platform with thousands of daily users, and its token soared to a remarkable high of $165. However, the current state tells a different story. Today, the AXS token trades at $5.70, and the user base has shrunk significantly compared to its peak.
Will Hamster Kombat price rebound?
As a researcher, I find an intriguing possibility arising with the HMSTR token – it could witness a significant surge, possibly even doubling its current value, should the ongoing cryptocurrency bull market persist in the short term.
Between September 28th and November 4th, the price chart of HMSTR showed a trend that resembled a narrowing triangle or falling wedge pattern. This pattern eventually led to a robust bounce back, peaking at $0.0063 on November 10th, which was its highest point during this timeframe.
Currently, the token is shaping up to resemble a bullish pennant structure, which typically features a lengthy flagpole followed by an equilateral triangle. In the past, such patterns have frequently preceded a powerful surge in price.
It’s possible that Hamster Kombat’s price could surge up to $0.0118, which is double its current value, but this optimistic forecast could change if the token drops below $0.0030 instead.
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2024-11-19 18:52