🔈$BTC Bitcoin mining power is moving towards U.S. companies. Currently, Chinese mining pools control 55% of the network, while U.S. pools manage 40%. U.S. pools mainly serve large institutional miners, whereas Chinese pools tend to support smaller miners in Asia.
After Ban China still has 55% of the #Bitcoin mining hasrate.😂
- Current Price: Hamster Kombat ($HMSTR) token is trading at $0.011 as of Sunday, September 22.- Price Drop: $HMSTR has dropped by over 96% from its highest point this year.
- Upcoming Airdrop: The airdrop for Hamster Kombat is scheduled for September 26, 2024.- Anticipation for Airdrop: Analysts expect this airdrop to be one of the biggest of the year due to the token’s popularity.
- User Engagement: Hamster Kombat has over 300 million users globally, a YouTube channel with 37.6 million subscribers, and 1.1 billion video views. - Social Media Growth: The HMSTR token is distributed to users who follow and engage with Hamster Kombat’s X and Telegram accounts, which have millions of active followers.
- Potential Risks: Tap-to-earn tokens, like HMSTR, often experience price surges followed by declines after their airdrops.
- Examples of Price Drops:
- Notcoin (NOT) rose to $0.02925 but dropped over 80% to $0.0078. - Pixelverse surged to $0.1745 but crashed by 90% to $0.0070.
- Catizen peaked at $1.20 but fell by 26% to $0.87. - Challenge for HMSTR: Maintaining user engagement in the ecosystem when the token’s value drops, similar to other play-to-earn and tap-to-earn platforms like Decentraland, Sandbox, and Axie Infinity.
- Historical Precedents: Popular platforms such as Sweatcoin and StepN also saw major declines after their airdrops, with sharp drops in market cap and user activity.- Future Outlook: While HMSTR may rise initially after the airdrop, there is a risk of price decline as the hype fades.