As a seasoned analyst with over two decades of experience in the crypto market, I must admit that the recent drop in Hamster Kombat (HMSTR) futures price has piqued my interest. The wait for the official airdrop and the concerns about the tap-to-earn market are valid factors causing this retreat. However, it is important to consider Hamster’s unique brand presence and user base, which could potentially propel its valuation to unprecedented heights if managed correctly.
In the futures market, the predicted prices for Hamster Kombat have plummeted to an all-time low due to rising worries about the tap-to-earn sector.
On Sunday, the price of Hamster Kombat (HMSTR) futures dipped to $0.1645, representing a drop of more than 45% from its peak this month. This decline came as token holders remained patient for the anticipated official airdrop, scheduled for later in the year.
According to a recent report by the developers, participants can expect to get only 60% of their allocated tokens during the airdrop. It’s worth mentioning that they predict this airdrop could potentially be the largest in the cryptocurrency sector.
Given that Notcoin (NOT) currently holds a valuation of over $1.2 billion, it’s plausible that Hamster Kombat could reach a valuation close to $8 billion. This is due to the fact that Hamster boasts a much larger brand presence than Notcoin, with an impressive 300 million active users and a highly engaged social media community. To put this into perspective, Hamster’s YouTube channel boasts over 35 million subscribers and has amassed over 12.6 million followers on X platform.
The price trend of Hamster Kombat, a popular tap-to-earn token, resembles that of other leading tokens which have experienced a significant decline in recent weeks. Notcoin, a widely used platform with more than 50 million users, has plunged by over 60% from its peak this year, losing approximately $1.7 billion in market value.
The PIXFI token and the AVACN coin have significantly decreased in value. Specifically, PIXFI has fallen more than 82% from its peak, and Avacoin is nearly 90% below its highest point.
Consequently, it’s reasonable to anticipate a significant decrease in the Hamster Kombat spot price following the airdrop, since many holders might choose to sell their tokens.
Historically, similar play-to-earn and move-to-earn digital tokens have experienced growth followed by decline when demand decreased. The Axie Infinity (AXS) token, which peaked at $171.45, has since dropped below $5 due to a reduction in demand.
After the hamster’s task (token listing), it will be crucial to keep the users actively involved. Recently, Notcoin disclosed their intentions to delve into Web3 gaming as a means of sustaining user involvement.
It’s still uncertain if our game will attract participants yet, given the abundance of popular Telegram games such as Catizen, Notai, Gamee, and Twin Token that have amassed more than 7.5 million users.
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2024-08-12 16:16