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Cryptocurrency News Articles
Hamster Kombat (HMSTR) Game Launches Airdrop and Debuts on Major Crypto Exchanges
Sep 28, 2024 at 05:16 pm
Telegram game Hamster Kombat has finally launched its long-awaited airdrop and started its debut on major crypto exchanges on Thursday.
Hamster Kombat, a Telegram-based Tap-to-Earn (T2E) game, has finally launched its much-anticipated airdrop and made its debut on major cryptocurrency exchanges on Thursday. While HMSTR faced the brunt of the community backlash for its unfair airdrop distribution, the token managed to clock in a substantial trading volume on its first day, indicating the interest from market participants. Will the enthusiasm from gamers push the asset to new heights?
Hamster Kombat Price Analysis: Key Highlights
Hamster Kombat is a T2E game built on The Open Network (TON) and is accessible through Telegram. The game allows users to earn in-game coins by completing tasks and missions and then exchanging them with the project’s native cryptocurrency, HMSTR.
On Thursday, the HMSTR price was listed on major cryptocurrency exchanges, including Binance, Bitget, KuCoin, Gate.io, MEXC, OKX, Bybit, and BitfineX. In the first 24 hours, the token managed to log over $1.2 billion in trading volume, according to data from Coingecko.
Meanwhile, the Hamster Kombat airdrop event saw 60 billion tokens—60% of the total supply—being airdropped to their 131 million players. But the airdrop quickly faced backlash from community members due to its unfair token distribution and lack of transparency.
Rising Community Disappointment
Crypto enthusiast Cryptowithkhan accused the project of cheating the community by disproportionately allocating substantial tokens to YouTubers and influencers for referrals.
“Influencers and YouTubers are the main culprits behind this disappointment. They sell the dream of iPhones and Lambos to new users to gain millions of views and subscribers and earn huge money through this.”
The X post also highlighted that the vesting schedules implemented were not disclosed to the community, indicating a lack of transparency.
Hamster Kombat has cheated the community 📌 It’s time to give them back.
They have allocated a large portion of airdrops to bootlicking YouTubers and influencers for referrals.
They’ve implemented vesting without informing the community.
They’ve made people work like labor,… pic.twitter.com/Mw3UrDdHxl
The growing user dissatisfaction could negatively impact the Hamster Kombat (HMSTR) price and drive a prolonged correction.
HMSTR Price Poised for Major Breakout
An hourly chart analysis shows a consolidation trend from the Hamster Kombat price within a triangle formation. This chart pattern shows two converging trendlines driving a narrowing range with dynamic resistance and support.
At press time, the HMSTR price traded at $0.0067 while maintaining a market cap of $438.2 million. If sellers flip the bottom support trendline into potential resistance, the asset could plunge 10% to challenge $0.006 support, followed by an extended rally to $0.0053.
Tradingview
On the other hand, the buyers could invalidate with a bullish breakout from the triangle pattern to bolster a rally past the $0.008 barrier.
Curious if the $HMSTR price will reach $0.0010? Find out now in Coinpedia’s insightful Hamster Kombat price prediction for 2024 to 2030.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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