Can HMSTR break through $0.01?
The token of the Hamster Kombat (HMSTR) game has fluctuated over the past period of time, and the community's confidence in it remains.
Recent data shows that the number of active users has dropped significantly, but more than 73% of voters are optimistic about the game and trading volume has also increased.
HMSTR's token holders have reached 11 million people.
The challenges facing HMSTR cannot be ignored either.
The number of monthly active users of the game has dropped from 300 million in August to 41 million in November, a drop of 86%. This is consistent with the sharp drop in the number of active addresses.
The token price has also fallen from $0.01 in September to $0.0022. Although it has recovered recently, it still faces many uncertainties.
This short-term recovery is mainly due to the rise in Bitcoin prices, and investors have shifted funds to low-market-cap tokens, bringing opportunities to HMSTR.
But to maintain growth in the long term, Hamster Kombat needs to provide innovative gaming experiences to attract new players and retain existing ones, otherwise it may stagnate in the highly competitive Web3 gaming market.
In addition, HMSTR's tokens are highly concentrated in the hands of whales, with 11 whales holding about 85% of the token supply.
If these whales sell tokens, it may cause sharp price fluctuations.
To avoid this risk, HMSTR must maintain the growth of active users and prevent further loss, otherwise it will become more difficult to achieve the goal of breaking through $0.01.
(Early review strategy analysis of Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendation of high-quality coins and live analysis)
