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COINTURK NEWS > Play to Earn > Recent Coin Prices Decline Following Launches of Hamster Kombat and Catizen AI
Play to Earn

Recent Coin Prices Decline Following Launches of Hamster Kombat and Catizen AI

In Brief

  • HMSTR and CATI coins have faced significant price drops following their launches.

  • Notcoin has experienced a dramatic decline of 74% since its June peak.

  • Panic prevails in both cryptocurrency and global financial markets.

Ömer Ergin
Ömer Ergin 8 months ago
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The recent launches of HMSTR coin from Hamster Kombat and CATI coin from Catizen AI have resulted in substantial price declines, with losses reaching up to 50%. These coins, which had recently achieved their highest prices, now face significant depreciation in value.

Contents
Major Drop in Coin PricesSevere Value Loss in NotcoinOverall Decline in the Crypto MarketLaunch of Hamster Kombat and ReactionsGeneral Situation in Global Markets

Major Drop in Coin Prices

Hamster Kombat’s HMSTR coin has dropped approximately 52%, currently valued at $0.0046. Meanwhile, Catizen AI’s CATI coin has decreased by 45% over the past month, trading around $0.45.

Severe Value Loss in Notcoin

Another popular Telegram game, Notcoin (NOT), has also experienced notable losses, plummeting 13.2% in a single day to $0.0075. Since its peak in June, Notcoin has seen a staggering 74% decline, reflecting similar price fluctuations within 2024.

Overall Decline in the Crypto Market

In the last 24 hours, the overall cryptocurrency market has fallen by 5.1%. Bitcoin $104,748 has dipped 3.5%, now priced at $61,000, a trend also mirrored in global financial markets. The Dow Jones Industrial Average in the United States has similarly decreased by 0.41%.

Launch of Hamster Kombat and Reactions

Hamster Kombat drew attention with the introduction of HMSTR coin last week, resulting in mixed reactions among its 300 million players. The anticipated coin distribution for 129 million players fell short of expectations.

General Situation in Global Markets

Amid the cryptocurrency downturn, panic has also struck global financial markets. Most indices in U.S. stock markets closed in the red, while oil prices rose by 3%, marking the only positive development in the market.

The recent losses underscore the importance of portfolio diversification and closely monitoring market movements for investors.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 2 October, 2024 - 9:09 am 2 October, 2024 - 9:09 am
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