The Telegram-based game Hamster Kombat has officially launched its long-awaited airdrop and made its debut on major cryptocurrency exchanges on Thursday. While the token, #HMSTR , faced criticism from the community for an unfair airdrop distribution, it still recorded significant trading volume on its first day, indicating strong market interest. Will the enthusiasm of gamers help propel the asset to new highs?
Hamster Kombat’s Listing Gains
Hamster Kombat is a popular Tap-to-Earn (T2E) game built on The Open Network (TON) and available through Telegram. The game rewards players with in-game coins for completing tasks and missions, which can then be exchanged for the game’s native cryptocurrency, HMSTR.
On Thursday, the HMSTR token was listed on several major cryptocurrency exchanges, including Binance, Bitget, KuCoin, Gate.io, MEXC, OKX, Bybit, and Bitfinex. According to data from Coingecko, the token saw a trading volume exceeding $1.2 billion within the first 24 hours.
At the same time, Hamster Kombat conducted an airdrop, distributing 60 billion tokens—60% of the total supply—to its 131 million players. However, the event quickly drew backlash from community members due to claims of unfair token distribution and a lack of transparency.
Community Discontent on the Rise
Crypto enthusiast Cryptowithkhan openly criticized the project, accusing it of misleading the community by disproportionately allocating large portions of the tokens to YouTubers and influencers in exchange for referrals.
"Influencers and YouTubers are primarily responsible for this disappointment. They promise users dreams of iPhones and Lambos to attract millions of views and subscribers, all while making huge profits for themselves," he commented.
In his post on X, he pointed out that the project’s token vesting schedules were not communicated to the community, highlighting the lack of transparency.
Possible Impact on HMSTR Price Due to Growing Discontent
The rising dissatisfaction within the community could have a negative effect on Hamster Kombat’s (HMSTR) price, potentially leading to an extended correction in the market.
HMSTR Ready for a Major Breakout
An analysis of the one-hour price chart reveals a consolidation trend for Hamster Kombat within a triangle formation. This pattern, characterized by converging trendlines, shows a narrowing price range with dynamic resistance and support levels.
At the time of writing, HMSTR was trading at $0.0067 with a market capitalization of $438.2 million. If sellers manage to turn the lower support trendline into resistance, the asset could drop by 10%, testing the $0.006 support level, followed by a potential decline to $0.0053.
Hamster Kombat Price Chart
However, buyers may invalidate this scenario by initiating a bullish breakout from the triangle formation, potentially driving the price above the $0.008 barrier.
Curious whether the $HMSTR price will reach $0.010? Check out Coinpedia’s detailed Hamster Kombat price prediction for 2024 to 2030 for more insights.
Into What Should Invest Right now?
When deciding what to invest in, it’s essential to look at the sectors that are growing and have historically performed well. Currently, some of the hottest sectors in the cryptocurrency space include:
GameFi (Gaming + DeFi): Play-to-earn games, where users earn tokens through gameplay, are experiencing massive growth. Projects in this sector combine gaming with decentralized finance, allowing players to monetize their time spent in-game.
Meme Tokens: Meme coins have gained significant traction thanks to strong community support and viral marketing. They can be unpredictable but have shown the potential for huge gains (e.g., Doge , Floki, Pepe, WIF ).
Trading Bots: Automated trading bots are becoming increasingly popular as they offer the potential for profits by executing trades faster and more efficiently than humans.
A project that fits into all three of these categories would be ideal. FATTY.io #Fatty is one such project, blending play-to-earn gaming (#FatBoy ), trading bots (#FatBot ), and a meme-style ecosystem. With its strong presence on social media and successful pre-sale (already raising $3.6 million), it presents an exciting investment opportunity. The project is still in the pre-sale stage, with the Token Generation Event (TGE) scheduled for Q4, and the game launch is expected next month.
If you’re looking for a sector to explore, these three—GameFi, meme tokens, and trading bots—are worth considering.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
