The HMSTR token of the game known as Tap to Earn has recently entered the cryptocurrency market but has failed to meet user expectations. Despite the mini-game launched via Telegram reaching 300 million users, it has not shown the anticipated performance within the crypto space.
HMSTR Price Performance
Launched at the beginning of the year, this Telegram mini-game saw the HMSTR token debut in the crypto market last month. Due to delays, the hype surrounding the token became uncontrollable, leading to a rapid increase in demand. However, interest waned when the HMSTR airdrop team prevented millions of users from receiving tokens, resulting in a notable decline in the Hamster Kombat price.
The token was valued at 0.0118 USDT a day before the listing but dropped to 0.009496 USDT on listing day. Currently, the HMSTR price remains below $0.1, with a consistent downward trend. As of writing, the price stands at $0.004226, with a market capitalization of $272.49 million, reflecting a 52% decrease. The volume spike of 90% indicates a hastened exit from the token.
2024 Expectations
The delay of HMSTR airdrop season 2 can be interpreted as a promise from the team to introduce new features. If user expectations are met, the token may have a chance for recovery.
HMSTR airdrop team – “New features will meet user expectations and facilitate price recovery.”
It has been noted that the HMSTR price pattern resembles that of Notcoin’s recovery model. However, unlike Notcoin, which reached new record levels within two weeks post-airdrop, HMSTR has not achieved similar success, leading to disappointment. The core issue lies in the fact that millions of users primarily care about receiving airdrop income to convert into cash.
The future of the Hamster Kombat HMSTR token may depend on the team’s ability to successfully implement new features and favorable market conditions. For stakeholders, assessing HMSTR’s potential for recovery is crucial.
