The post Hamster Kombat Battles Token Crash: Can Season 2 Revive HMSTR Token? appeared first on Coinpedia Fintech News
The creators of the Telegram-based game Hamster Kombat are gearing up for an exciting second season while grappling with a significant decline in their HMSTR token. Despite a recent selloff leading to a notable drop in token price and market cap, the team remains optimistic, citing high trading volumes and robust market participation.
Token Troubles Post-Airdrop
Since last month’s massive airdrop, which reached 131 million users, many players have expressed disappointment over the amount and value of tokens earned. The Hamster Kombat team celebrated this airdrop as the largest in crypto history, claiming over 300 million sign-ups for the game. However, they faced challenges with cheating and subsequently banned offenders to maintain integrity.
Despite the HMSTR token’s value plummeting, the founders emphasize that this fluctuation is a natural response to supply and demand. They acknowledge that many are opting to sell their tokens but are now focused on expanding the ecosystem with new offerings to attract players.
Season 2 on the Horizon
Hamster Kombat is set to launch Season 2, featuring innovative gameplay elements where players will manage their gaming platforms. This season will build on the first, where players acted as CEOs of virtual cryptocurrency exchanges. The founders have allocated 15% of the remaining HMSTR tokens for this upcoming season, anticipated to begin at the end of the month. They aim to integrate the game with both web2 and web3 experiences, expanding the game’s reach.
Broadening Horizons Beyond Telegram
Looking forward, the Hamster Kombat team aims to go beyond the Telegram platform, where the game is currently hosted. They are collaborating with web2 and web3 developers to form partnerships that can attract more players, which may involve sharing assets across different games for a better experience.
The team, which has chosen not to seek outside investors, claims to have various revenue channels, including an advertising business on YouTube and Telegram. This revenue will fund further development and help counteract any player loss after the initial disappointment with the airdrop.
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The Market Response
The HMSTR token has seen its market cap fall dramatically, from $660 million to approximately $255 million in less than a month. Currently trading at $0.004331, it’s down 70.11% from its initial value, prompting many to sell their holdings. Experts predict HMSTR could further decline to $0.000998, making a 1,000% increase by 2025 unlikely.
This decline, while typical following an airdrop, has been steeper than that of Notcoin, another game launched on Telegram. Notcoin’s market cap remains around $840 million, showcasing the volatility and challenges faced in the crypto gaming space.