2024-11-1 18:51 |
It is becoming clear that Hamster Kombat will hardly regain the excitement that it generated as 2024’s most-watched ICO.
The project has dwindled since its public debut, down over 65% from its all-time highs.
Furthermore, its ecosystem evaluation suggests more pain for HMSTR prices.
Hamster Kombat’s Telegram Mini App has seen a plunging user base as the project failed to retain the initial excitement.
The game has seen users plummet from 55 million to 48,545,993 (at press time) in the past week.
Source: TelegramThat shows more than 1 million users are exiting Hamster Kombat per day.
Hamster Kombat user base at record lowsThe Telegram-based game has seen faded interest since its airdrop, which disappointed the community.
Many called the token distribution unfair, while others criticized the smaller returns from a project that promised life-changing fortunes.
The negative sentiments saw HMSTR price crashing, currently down approximately 62% from its all-time highs.
Such an environment has proven challenging for users, who have exited in large numbers recently.
Hamster’s user base is at the 48 million low, reflecting a significant dip.
The project attracted 100 million players within 2 months of going live.
The game has failed to generate excitement despite its ongoing Season 2, which promises more roles for CEOs, including launching new games, building a gaming ecosystem, and hiring employees.
Furthermore, large-scale investors are losing patience with Hamster Kombat.
Whale NetFlow has plunged within the past seven days, according to IntoTheBlock.
Furthermore, derivatives traders are pessimistic about HMSTR.
Coinglass’ 30-day Liquidation Map (LM) data shows shorts amounting to $5 million and only $1 million long positions.
Also, the stats reflected bearishness on the weekly and daily timeframes.
Hamster Kombat exhibits significant bearishness, signaling further price dips for HMSTR.
HMSTR price performanceThe altcoin traded at $0.002718 after losing over 6% in the past 24 hours.
Source – CoinmarketcapHMSTR displayed bearishness in all its timeframes, down 68% from ATHs and 46% over the last month.
Also, it lost 18% in the previous seven days.
HMSTR price forecastThe alt is hovering in a descending channel, signaling a robust downtrend.
It bounces between the channel’s upper and lower boundaries, with recent candlesticks indicating consolidation.
HMSTR has a momentary support floor at $0.0027, a breach of which would trigger an 18% plunge from current prices to $0.0023.
The 25% slump in daily trading volume supports the downward bias.
Meanwhile, sudden market shifts would see bulls targeting the resistance at $0.00305, which has hindered price surges over the past week.
Overcoming this hurdle would signal magnified momentum and cancel the projected bearishness.
Solid revivals could propel HMSTR’s price to $0.004.
That would translate to a 47.17% surge from the current prices.
It remains interesting to witness how Hamster Kombat’s team will work to retain and attract new players.
The post Hamster Kombat user loss drives HMSTR toward further price drops appeared first on Invezz
Similar to Notcoin - Blum - Airdrops In 2024
Hamster Marketplace Token (HMT) на Currencies.ru
|
