Hamster Kombat has flopped after its widely anticipated airdrop, leaving its community disappointed.
However, a new gaming alternative has emerged and it fixes many of the issues that Hamster Kombat faced. Can the Memebet token achieve what Hamster Kombat set out to do?
The Hamster Kombat model was flawed, but people are only now starting to see it. Its main selling point was its hundreds of millions of users who were all playing the game. But that’s what happens when you promise people free money.
The problem was that these players were tapping away for hours on Hamster Kombat’s ‘Tap-to-Earn’ game, to receive a bigger share of the airdrop pool.
But what happens when you have hundreds of millions of people all competing for a cryptocurrency that has questionable utility at best and no utility at worst?
The answer is huge selling pressure. Everyone who was playing the game was doing so in the name of profits.
So, there were hundreds of millions of sellers – but where were the buyers?
Without utility and a sophisticated economy, there is certainly not enough to absorb such selling pressure.
And that’s the problem of Play-to-Earn and why HMSTR failed. It’s currently trading at $0.005822, down 6.5% today and 39% this week.
Can this be fixed?
Possibly. The Hamster Kombat team has set plans in motion for ecosystem development in Q4 and beyond.
These include integrating external payment systems, launching new games, and integrating NFTs as in-game assets.
As the ecosystem develops and airdrop receivers exhaust their supply, new demand could steadily boost the HMSTR price.
But what do the charts say?
Analyst Faceless Trader notes two potential support levels where HMSTR could bounce from and potentially commence a recovery. One is $0.006 and the other is $0.0055.
Meanwhile, analyst Haliyung underscores that it’s common for P2E projects to experience a deep initial selloff. He notes that Notcoin saw a similar post-airdrop crash but was followed by a strong uptick.
However, since the Hamster Kombat airdrop has proved disappointing, traders have begun rotating to a new gaming project underpinned by a different setup. It’s called Memebet token, and it’s currently undergoing a presale. Let’s take a closer look.
Memebet is a new crypto casino that lets users wager their meme coins. It offers thousands of gaming options, including casino and sportsbook events.
Like Hamster Kombat, the Memebet token is also running an airdrop. However, the key difference is that Memebet operates as a real revenue-generating business.
While the only users of Hamster Kombat were there to generate airdrop rewards, Memebet has the potential to cultivate a long-term user base.
The crypto casino model is one of the industry’s most profitable use cases. Market leader Rollbit generated over $800K in the past 24 hours.
However, Memebet Casino will be the first GameFi crypto tailored to meme coins. It’s connecting two of crypto’s hottest narratives.
As such, analysts are paying close attention. RJ from the prestigious Cryptonews outlet even says it could 100x.
The Memebet presale is ongoing. The new token will unlock exclusive ecosystem features such as a VIP community group, casino bonuses, airdrop access, and more.
Currently, investors can buy $MEMEBET for $0.0255, but this will rise throughout the campaign with the next increase in three days.
Ripple’s bold $5 billion offer to acquire Circle, the issuer of USDC, has officially fallen…
Crypto influencer and investor Anthony Pompliano is boldly moving to Wall Street with the launch…
Scott Melker hosted a recent interview featuring Andrew Parish from Arch Public, Eleanor Terrett from…
XRP has been in the crypto world for over a decade, and despite many challenges,…
The global cryptocurrency market cap stands at $3.07 trillion, down 1% over the past 24…
XRP remains within a familiar range on the higher time frame, trading just above the…
