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Hamster Kombat’s $HMSTR Token Plummet: User Base and Token Value Hit Hard

source-logo  blockchainreporter.net 05 November 2024 18:41, UTC

Hamster Kombat, a well-known game based on the Telegram platform; however, lately, its user activity and token prices have significantly declined. New reports suggest that the active account numbers have drastically reduced from a record high of 300 million in August to a mere 41 million, thereby implying an 86% decline. This drastic shift is crucial concerning its ability to maintain its user base and rank among the world’s gaming platforms.

Telegram-based game Hamster Kombat has seen a drastic drop in user engagement, with active accounts plummeting from 300M in August to 41M.

Its token, $HMSTR, has also dropped 76%, from a high of $0.009993 on Sept 26 to just $0.002392 now pic.twitter.com/MfGYh387kj

— Satoshi Club (@esatoshiclub) November 5, 2024

Hamster Kombat (HMSTR) Token Takes a Nosedive

A decrease in user traffic is only one of the problems that Hamster Kombat encounters. Its native cryptocurrency token, $HMSTR, has also shown a very sharp drop in value, 76% down in over a month. It has traded as high as $0.009993 on September 26 and now stands at $0.002392. This decline can be attributed to a lack of demand for the game and investor’s doubts about the token’s viability.

Potential Causes Behind the Decline

Several reasons may be behind the decrease in the number of users and value of the tokens. Poor market performance has been observed, especially in the gaming and crypto space, that could have affected Hamster Kombat.

Failure to keep promises made to its community is another common complaint always levelled against Hamster Kombat. Its users have widely criticised it for failing to meet some of its basic promises, and it has been suffering from a steady loss of active users daily. The time and effort put in by many players were in anticipation of attaining sustainable incomes or new features that would enrich the gaming experience. Yet, the disappointment has only gotten worse, and people voiced their discontent and feelings of betrayal from the app they once used and promoted.

Many people within the community feel that they profited the game through interactions while getting in return very little to nothing, thus leaving a poorer and ‘shafted‘ feeling from the developers. These limited rewards have left a lasting negative impact on users who expected more rewards.

Can Hamster Kombat Bounce Back?

Considering users’ grievances, Hamster Kombat has a significant challenge in regaining the player’s interest and the token’s worth. The situation exemplifies transparency, promised rewards, and recognition of user contributions in an emerging competitive crypto-gaming industry.

blockchainreporter.net