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Cryptocurrency News Articles

Hamster Kombat, the Biggest Telegram Mini-Game, Suffers a Dramatic Decline in Token Value and User Base

Nov 05, 2024 at 08:00 pm

The game claimed 300 million accounts in August 2024; however, as of right now, monthly active accounts had dropped to about 41 million. Likewise, the token for the game, HMSTR, which peaked on September 26 at $0.009993, has dropped over 76% to barely $0.002357.

Hamster Kombat, the Biggest Telegram Mini-Game, Suffers a Dramatic Decline in Token Value and User Base

Telegram mini-game Hamster Kombat has seen a dramatic decline in token value and user base from its height just a few months ago.

The game claimed 300 million accounts in August 2024; however, as of right now, monthly active accounts had dropped to about 41 million.

Likewise, the token for the game, HMSTR, which peaked on September 26 at $0.009993, has dropped over 76% to barely $0.002357.

According to Protos, Hamster Kombat, the largest Telegram mini-game with 300 million accounts in August, has now seen its monthly active accounts drop to about 41 million. The game's token HMSTR has plummeted 76% from its high of $0.009993 on September 26 to a current price of…

— Wu Blockchain (@WuBlockchain) November 5, 2024

The developer of the game discovers themselves in a difficult situation. Though they have 41 million active accounts ready to send push notifications and interact with users, they have not been able to create ongoing interest or value for HMSTR.

Reflecting the annoyance of many, one X user noted that the development team still lacks efficient use of the millions of users constantly engaged on Telegram to produce consistent value. This attitude permeates the community as players question why a well used platform finds it difficult to retain a consistent user base and token support.

The way Hamster Kombat’s token airdrop is handled adds to the unhappiness. First, it caused great excitement. According to local Nigerian media, many players claimed that the airdrop process misled and even cheated them, claiming that promises made during the initial frenzy were unmet.

As HMSTR’s price continues to plummet, some believe the airdrop was merely a temporary strategy to increase interest in the token rather than a real value-added event for long-term investors and gamers. This sense of betrayal has only gotten worse.

Other problems have surfaced behind the scenes. Hamster Kombat’s crew has experienced internal strife and arguments with important financiers, which could undermine the project's foundation and create instability.

These disputes might have affected community confidence, worsening the problems with diminishing user involvement and token devaluation. Though the game drew a large user base at first, the loss of momentum points to internal and external factors that may have compromised its early popularity.

Beside that, as we previously highlighted, the development team has lately presented a new road map to bring Hamster Kombat back on its path.

Plans call for the highly awaited Season Two premiere and the inclusion of NFTs, which they hope will bring in-game assets and appeal to fresh users. Released in late October, these upgrades aim to bring new vitality and utility to the game and its token.

Original source:crypto-news-flash

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