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Cryptocurrency News Articles

Hamster Kombat Layer-2 Hype Will Strengthen Trust in TON & HMSTR Both

Dec 29, 2024 at 07:18 pm

Hamster Kombat gained significant attention in 2024, particularly for its integration of NFTs, which caused Telegram's NFT activity to surge by 400%

Hamster Kombat Layer-2 Hype Will Strengthen Trust in TON & HMSTR Both

Toncoin (TON) price is showing signs of recovery as the ecosystem expands with the upcoming launch of Hamster Kombat’s Layer-2 solution. This development could boost adoption within both the Toncoin and Telegram communities.

Key Points:

Toncoin price is displaying a cup and handle pattern, hinting at a potential breakout and price increase.

Other tokens within the TON ecosystem, such as HMSTR, CATI, and NOT, are also showing signs of recovery.

The launch of Hamster Kombat’s Layer-2 solution is expected to drive increased adoption within both the Toncoin and Telegram ecosystems, potentially boosting Toncoin price in the near future.

Toncoin price is currently trading at $5.73, displaying a 2.81% decrease in the past 24 hours, and showing signs of recovery from the recent bearish trend.

As Toncoin price continues to consolidate within a critical range, a technical analysis of the digital asset reveals the formation of a cup and handle pattern. This pattern is widely recognized within the financial markets, often indicating a period of bullish price momentum followed by a consolidation phase and another leg of the uptrend.

Within the cryptocurrency space, the cup and handle pattern is commonly associated with an initial strong price increase, forming the "cup" portion of the pattern. This is followed by a period of lower volatility and consolidation, creating the "handle" portion. As the price gathers momentum once again, it tends to break out from the handle, signaling a potential continuation of the uptrend.

In the case of Toncoin, if this pattern plays out, we could see a breakout from the handle, leading to another wave of price increase for the Telegram-based cryptocurrency.

Hamster Kombat Community Awaits Layer-2 Launch

Within the Telegram ecosystem, Hamster Kombat has been preparing to launch its Layer-2 solution on Toncoin, signaling a deeper integration into the blockchain space.

Previously, the game’s decentralized autonomous organization (DAO) decided to create a dedicated blockchain to enhance the utility of its native token, HMSTR. The new blockchain, likely to be called the Hamster Network, will form the backbone of the broader Hamsterverse ecosystem.

With development already underway, the team plans to present a comprehensive roadmap to the DAO soon. This initiative is set to increase Hamster Kombat’s presence within the decentralized gaming world, potentially driving up demand for both HMSTR and Toncoin.

Even some analysts started speculating that this growing ecosystem activity could push Toncoin’s price toward $10 in the coming months. This could make this a vital Layer-2 launch and a key development for both the game and the broader Toncoin’s ecosystem.

Continue reading to understand how HMSTR could take TON price higher.

What Was The Proposal Exactly?

Hamster Kombat’s first proposal outlined a series of events for token holders with a substantial $1 Million bounty pool. This proposal has been approved. The team is now preparing to implement the plan and will present an execution strategy to DAO members in the coming weeks.

Along with the DAO’s innovations, Hamster Kombat fans can look forward to the launch of Season 2 Beta, which features an impressive $3,000 prize pool. This update marks a significant milestone for the franchise, introducing HamsterVerse. This is a cohesive entertainment ecosystem centered around beloved characters and the engaging storytelling of Hamster Kombat.

How Hamster Kombat Layer-2 Hype Will Strengthen Trust in TON & HMSTR Both?

Hamster Kombat gained significant attention in 2024, particularly for its integration of NFTs, which caused Telegram’s NFT activity to surge by 400% in October. However, the platform faced a setback after a failed airdrop, leading to a sharp decline in both user numbers and token value.

Over the span of three months, its active addresses plummeted and the value of the HMSTR token dropped by 60%.

The controversy surrounding the Season 1 airdrop, which did not meet expectations, tarnished the project’s reputation. However, with Layer-2 (L2) scaling seen as the key to revitalizing the platform, Hamster Kombat is now positioning this technology as a major pivot in its strategy.

In response to these challenges, the team is focusing on re-engaging its community and launching new initiatives, including the introduction of an L2 solution. This move is anticipated to not only address the project’s scalability and performance issues but could also provide a boost to the Toncoin price.

A critical element of Hamster Kombat’s recovery is the successful launch of its decentralized autonomous organization (DAO) earlier in December. This shift allows the community to play a central role in shaping the project’s future direction.

With the DAO’s approval of the L2 scaling solution, it’s clear that community involvement will continue to drive Hamster Kombat’s evolution.

Toncoin Price Could Be Flipped From Receiving Potential Benefit From Recent L2

Toncoin price has experienced a notable decline in recent weeks, driven by

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