In a world where cryptocurrencies dance like puppets on hype strings, four stars of Telegram's "slappers" have suffered a fiasco. Hamster Kombat (HMSTR), the latest upstart in this arena of digital madness, has collapsed by 62% in just a few days since its triumphant entry into the stock exchanges. And that, my friends, is just the tip of the iceberg in this circus of absurdity.
HMSTR/USDT 4-hour chart. Source: Binance/TradingView
Let's take this farce apart piece by piece. HMSTR, this virtual rodent broker, launched on September 26 with a proud $0.014, and by October 1 it had already dropped to a measly $0.0054. So much for "managing a virtual crypto exchange"! 300 million users, you say? Yes, mass insanity is a terrible force.
But HMSTR is not alone in its downfall. Its fellow sufferers, DOGS (DOGS) and Catizen (CATI), are not doing so well either. These marketing geniuses decided that all they had to do was add cute animals and the money would flow. Ha! No way.
DOGS, that "revolutionary" project where tokens are pouring in for the registration date on Telegram, has fallen by 56% since its launch. Bravo, gentlemen!
CATI/USDT 4-hour chart. Source: Binance/TradingView
And even Notcoin (NOT), the pioneer in this realm of absurdity, despite a recent 20% gain, is still trading 69% below its peak price. So much for the “top 10 by trading volume”!
NOT/USDT 1-day chart. Source: Binance/TradingView
What does this mean? Are “tapalki” just a clever plan to attract liquidity to the TON ecosystem? Or is this the last gasp of the era of clickers, these digital one-day creatures?
Be that as it may, one thing is certain: in the world of cryptocurrencies, where yesterday's heroes become today's losers, only the most desperate optimists continue to believe in miracles. Or maybe this is the very "crypto revolution" we've been told about for so long? A revolution of the absurd, where the main thing is not winning, but participating. And preferably with cats.
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