The post Hamster Kombat Price Drops After Airdrop Fail, Traders Move to Alternative Gaming Token appeared first on Coinpedia Fintech News
Hamster Kombat has flopped after its widely anticipated airdrop, leaving its community disappointed.
However, a new gaming alternative has emerged and it fixes many of the issues that Hamster Kombat faced. Can the Memebet token achieve what Hamster Kombat set out to do?
P2E Crypto HMSTR Cracks On Deep Selling Pressure
The Hamster Kombat model was flawed, but people are only now starting to see it. Its main selling point was its hundreds of millions of users who were all playing the game. But that’s what happens when you promise people free money.
gm to 200 million Hamsters! pic.twitter.com/7USoL6Lddd
— Hamster Kombat (@hamster_kombat) June 24, 2024
The problem was that these players were tapping away for hours on Hamster Kombat’s ‘Tap-to-Earn’ game, to receive a bigger share of the airdrop pool.
But what happens when you have hundreds of millions of people all competing for a cryptocurrency that has questionable utility at best and no utility at worst?
The answer is huge selling pressure. Everyone who was playing the game was doing so in the name of profits.
So, there were hundreds of millions of sellers – but where were the buyers?
Without utility and a sophisticated economy, there is certainly not enough to absorb such selling pressure.
And that’s the problem of Play-to-Earn and why HMSTR failed. It’s currently trading at $0.005822, down 6.5% today and 39% this week.
Can this be fixed?
Possibly. The Hamster Kombat team has set plans in motion for ecosystem development in Q4 and beyond.
These include integrating external payment systems, launching new games, and integrating NFTs as in-game assets.
As the ecosystem develops and airdrop receivers exhaust their supply, new demand could steadily boost the HMSTR price.
But what do the charts say?
Analyst Faceless Trader notes two potential support levels where HMSTR could bounce from and potentially commence a recovery. One is $0.006 and the other is $0.0055.
$hmstr possible bounce zones #hmstr #hmstrusdt Follow our instagram(link in bio) for FREE signals pic.twitter.com/PJynTkYQoV
— faceless trader (@facelessfrx) September 29, 2024
Meanwhile, analyst Haliyung underscores that it’s common for P2E projects to experience a deep initial selloff. He notes that Notcoin saw a similar post-airdrop crash but was followed by a strong uptick.
As I previously said, $Dogs, $Hmstr and $Cati are following a similar pattern. That pattern is $Not pattern. And I believe $Ton followed that pattern also.So this is $Not chart.It dumped 45% and consolidated before a 500%+ pump (check the next slide). pic.twitter.com/RD537BWkOo
— Haliyung (@Haliyung02) September 28, 2024
However, since the Hamster Kombat airdrop has proved disappointing, traders have begun rotating to a new gaming project underpinned by a different setup. It’s called Memebet token, and it’s currently undergoing a presale. Let’s take a closer look.
New Meme Coin Casino Memebet Raises $330K, Can It Explode On Exchange Launch
Memebet is a new crypto casino that lets users wager their meme coins. It offers thousands of gaming options, including casino and sportsbook events.
Like Hamster Kombat, the Memebet token is also running an airdrop. However, the key difference is that Memebet operates as a real revenue-generating business.
While the only users of Hamster Kombat were there to generate airdrop rewards, Memebet has the potential to cultivate a long-term user base.
The crypto casino model is one of the industry’s most profitable use cases. Market leader Rollbit generated over $800K in the past 24 hours.
However, Memebet Casino will be the first GameFi crypto tailored to meme coins. It’s connecting two of crypto’s hottest narratives.
As such, analysts are paying close attention. RJ from the prestigious Cryptonews outlet even says it could 100x.
The Memebet presale is ongoing. The new token will unlock exclusive ecosystem features such as a VIP community group, casino bonuses, airdrop access, and more.
Currently, investors can buy $MEMEBET for $0.0255, but this will rise throughout the campaign with the next increase in three days.
Visit Memebet Token Presale
