The team behind the Telegram-based game Hamster Kombat is gearing up for the second season, despite facing a steep drop in their HMSTR token’s value. Following a recent selloff, the token’s price and market cap have significantly fallen, yet the creators remain hopeful, pointing to high trading activity and a strong community.
Here’s everything you need to know.
Last month’s massive airdrop, promoted as the biggest in crypto history, reached 131 million users and brought in over 300 million sign-ups for the game. However, many players were disappointed by the small amount and low value of the tokens they received. The Hamster Kombat team also had to deal with cheating incidents and took quick action to ban the offenders to maintain the game’s fairness.
The founders see the sharp drop in the HMSTR token’s value as a typical market reaction to increased supply and shifting demand. While many users have opted to sell their tokens, the team is focusing on expanding the game’s features to attract more players.
The upcoming season of Hamster Kombat will introduce new gameplay features, allowing players to manage gaming platforms, building on the original concept where they acted as CEOs of virtual cryptocurrency exchanges. With 15% of the remaining HMSTR tokens allocated for this season, which is set to launch by the end of the month, the team aims to blend both web2 and web3 experiences to reach a wider audience.
The developers also plan to expand the game’s presence beyond Telegram. They are working with web2 and web3 developers on partnerships that could allow players to share assets across different games, enhancing the overall experience.
Instead of seeking outside investment, the Hamster Kombat team relies on various revenue sources, including an advertising business on YouTube and Telegram, to support future development. This strategy aims to drive growth and address any decline in player numbers following the airdrop.
The HMSTR token’s market cap has plunged from $660 million to about $255 million in less than a month, with its current price at $0.004331, a 70.11% drop from its initial value. As many investors choose to sell, experts warn that the token could fall further to $0.000998, making a significant rebound by 2025 unlikely.
Post-airdrop declines are common, but the HMSTR token’s fall has been sharper than that of Notcoin, another Telegram-based game. Notcoin’s market cap has managed to stay around $840 million, highlighting the challenges and volatility in the crypto gaming industry.
As Hamster Kombat heads into its second season, the team’s ability to innovate and adapt will be crucial for navigating these challenges and restoring investor confidence.
What do you think? Will Hamster Kombat bounce back, or is its time in the spotlight over?
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