Nov 14, 2024
6thTrade
The popular Web3 game Hamster Kombat is making waves in the crypto world, particularly with its token, Hamster Kombat (HMSTR), which continues to garner attention despite a noticeable decline in user engagement. On November 14, the Hamster Kombat team announced that the token’s daily spot trading volume had surged to an impressive $1.3 billion, with perpetual trading volume reaching a remarkable $4 billion. Even though the game has seen a reduction in active users, the HMSTR token’s performance in the market shows that community enthusiasm remains strong.
Hamster Kombat, a Telegram Mini App, has seen its tokenholder numbers swell to 11 million, a figure the team likens to filling over 239 Yankee Stadiums with “hamsters” who believe in the token’s potential. This substantial holder base reflects a solid core of supporters even as active monthly user numbers have dropped dramatically. According to CoinMarketCap data, community sentiment is still optimistic, with 73% of 87,689 voters showing bullish sentiment for Hamster Kombat, while 27% express a more bearish outlook.
In terms of user activity, Hamster Kombat’s numbers have seen significant fluctuations. From a peak of 300 million active monthly users in August, user numbers plunged to 41 million by early November—an 86% drop. Similarly, data from IntoTheBlock highlights that active addresses, once peaking at over 700,000 in late September, had decreased to just over 20,000 by November 13. Despite these declines, the HMSTR token has demonstrated resilience, with its price recovering from a low of $0.0022 on November 4 to a modest rebound of $0.004401 by November 14, signaling potential renewed investor interest.
At Binance Blockchain Week held in Dubai on October 30, the importance of user retention in Web3 games like Hamster Kombat was a key topic. During a panel hosted by The Open Network ecosystem, Sasha Plotvinov, co-creator of Notcoin, emphasized the need for social and emotional experiences in gaming to keep users engaged. Plotvinov argued that creating a memorable emotional experience within games is essential for user retention. He shared that each project he’s worked on has required a unique approach to captivate users, adding that the “emotional touch” is critical to sustaining user interest in the competitive world of Web3 gaming.
As the Hamster Kombat team navigates these challenges, the game’s evolving community sentiment and the token’s recent market performance underscore the role of strong community support. While user numbers may fluctuate, the robust interest in the HMSTR token suggests that investors and fans see long-term potential. The launch of Hamster Kombat Season 2, where players can take on roles as CEOs and build their own game studios, also shows an effort to keep the community engaged with innovative updates that could provide the “emotional” and “social” elements needed for user retention, a crucial factor in the success of Web3 games.
Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
