Long-awaited Telegram games Hamster Kombat and Catizen disappoint players. Players who initially complained about the airdrop distribution were shocked after the tokens were listed. Failing to meet expectations, HMSTR and CATI could not withstand the pressure of sales and fell 50% in just one week.
Hamster Kombat and Catizen fail to live up to expectations
According to data from CoinMarketCap, the price of HMST fell from $0.01 to $0.0047. HMSTR, which has lost a total of 53% of its value, has been under selling pressure, especially in the past 24 hours. BTC fell as Israel-Iran tensions escalated, leading to an 18% drop in HMSTR. If BTC continues its downtrend, selling pressure could increase on HMSTR
CATI, the token of another Telegram game, Catizen, has lost value since its launch on September 20. At press time, CATI was changing hands at $0.47, down 58%. Additionally, Telegram’s first game, Notcoin (NOT), has dropped a total of 74% since its listing.
The TON ecosystem, which has not been doing well since the arrest of Telegram CEO Pavel Durov, has been disappointing with the poor performance of HMSTR and CATI. If the cryptocurrencies in the TON ecosystem do not increase, network activity may decrease. This development will naturally affect the price of TON. TON investors should pay attention to the news flow on Telegram and the performance of popular gaming tokens during this period.
