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Russian Analyst Examines Post-Airdrop Performance of Hamster Kombat Token

source-logo  news.bitcoin.com 03 September 2024 07:27, UTC

Vladislav Antonov, a financial analyst at Bitriver, one of Russia’s largest mining data center operators, believes that post-airdrop interest in Hamster Kombat, the popular tap-to-earn game, will grow quickly. However, if the game fails to evolve from its current ‘clicker’ state, this interest might wane, and users may migrate to other similar projects.

Interest In Hamster Kombat Might Wane After Upcoming Airdrop, Financial Analyst Warns

Hamster Kombat, a Telegram-based gaming sensation that has reached over 300 million users, is approaching its airdrop date. Analysts have already started speculating about the value of its token HMSTR and the project’s future after its airdrop.

Vladislav Antonov, a financial analyst at Bitriver, a bitcoin mining company, believes that the project will achieve great interest during its airdrop, as many users will rush to exchanges to change their received tokens for another cryptocurrency.

Talking to Russian media, he explained:

It is expected that immediately after entering the exchanges, interest in it will grow, and many players who have accumulated virtual currency will try to quickly convert it into real money.

However, this initial interest might quickly fade if the game fails to evolve, as users can become tired of the mechanics after receiving the initial airdrop that has been delayed several times. “The game itself can quickly lose its value and interest, especially if its mechanics are limited to a simple tap on the screen,” he stressed.

Other variables can affect HMSTR’s initial performance, including the distribution details that have not been fully explained. Also, the possibility of facing legal issues in the future due to the uncertain origin of the game and its relation to an earlier startup called Arenum might hamper HMSTR’s performance.

But even after HMSTR reaches exchanges, the project might face difficulties in making the token reach its users. Millions are expected to claim the airdrop, and this pressure might collapse TON, the blockchain that will host the game token, as another project with a token called DOGS did last week.

news.bitcoin.com