TG mini-games are dead?

Since this year (2024), one of the biggest highlights in the cryptocurrency market has been the mini-games launched through the Telegram platform. The "click to make money" craze initially started by Notcoin (NOT) has become popular in a short period of time. The entire currency circle.

However, as time goes by, this "click to make money" and TG game craze seems to be ready to go downhill in less than half a year?

Hamster has plummeted 50%

It turns out that the two TG mini-games recently launched have the advantages of high number of players and high popularity. The first one, "Hamster Kombat", is called "Hamster Kombat". Since its launch, it has attracted about 300 million players. user.

However, last Thursday, the $HMSTR token airdrop and TGE launched by "Hamster Kombat" were officially launched, which quickly triggered FUD reactions in the community.

According to official data, approximately 129 million players are eligible to receive the tokens for this airdrop. However, many players complained that the allocated amount was too small and questioned that the project team had too many "rat warehouses". Considering the current number of players in the currency circle , it is impossible to have 129 million players.

$HMSTR 價格走勢Image Source: CoinGecko $HMSTR Price Trend

Judging from the price trend, the fate of $HMSTR has also taken a turn for the worse. According to data from CoinGecko, in just five days after its issuance, the price of $HMSTR has plummeted from the highest of $0.01 on the first day (recorded on the exchange) to 0.04695. The U.S. dollar fell 53% and plummeted 14% in the past day.

Catizen fell nearly 60%

At the same time, another popular game on Telegram, "Catizen", has not been spared. According to data from CoinGecko, the project's $CATI token has risen from an initial peak of $1.11 since its launch on September 20. It has fallen all the way to the current $0.4591, with a total drop of 58%, and a drop of 18% in the past 1 day alone.

$CATI 價格走勢Image Source: CoinGecko $CATI Price Trend

Having the same problem as "Hamster Kombat", many "Catizen" players also expressed dissatisfaction with the airdrop distribution, believing that the airdrops they received were not as good as expected.

Players sigh: I didn’t expect the bubble to bubble so quickly.

Looking back at the performance of the crypto market this year, almost all large game tokens have experienced similar tragic declines. Even this year’s most popular TG game Notcoin (NOT), which was once regarded as creating a new way to break the circle, has already experienced a severe decline in June. After hitting a record high, it fell by nearly 74%.

$TON 價格走勢Image Source: CoinGecko $TON Price Trend

This kind of decline is not limited to Telegram games. The performance of other encrypted games is also weak, indicating that this wave of market demand for game tokens may be far less than imagined.

Experts point out that the high volatility of many game tokens is almost comparable to that of meme coins. One of the biggest reasons is the lack of "trust" in the field of encrypted games. The collapse of many games in the past has left market confidence at this stage. insufficient.

In addition, in order to break the circle, most games will choose to use "free airdrops" to attract players, claiming that as long as they participate in the game, they can get token rewards without any additional cost. However, does this model have continued appeal?

After many players took advantage of airdrops or early speculation for arbitrage in the short term, the market quickly cooled down. This phenomenon was particularly evident after the launch of "Hamster Kombat" and "Catizen". Although the token is still in its early stages, the market does not seem to be optimistic about its long-term development.

Although the development teams of the two games "Hamster Kombat" and "Catizen" have announced more games and token reward plans in the future in an attempt to restore players' confidence in the platform, these commitments are currently at a time when market volatility has not subsided. Whether it can drive the price of tokens back up is still unknown.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.​