Hamster Kombat Airdrop is Coming
The price movement comes as the Hamster Kombat development team prepares for the airdrop, which is scheduled to take place on September 26.
Experts say it could be one of the biggest airdrops of the year thanks to Hamster Kombat’s massive popularity.
In recent months, the tap-to-earn platform has attracted more than 300 million users globally. Hamster Kombat’s YouTube channel is also prominent, with more than 37.6 million subscribers since its launch in May.
Videos on the channel have garnered more than 1.1 billion views.
In addition, Hamster Kombat has a huge user base on X and Telegram accounts, with millions of active participants. This number is still growing as users earn HMSTR tokens by following and interacting with the platform.
The upcoming airdrop program will allow fans to collect HMSTR tokens and convert them into cash.
Risks for HMSTR
However, HMSTR also faces the risk of a decline after the airdrop, like many other tap-to-earn tokens. For example, Notcoin (NOT), a popular platform with over 40 million users, peaked at $0.02925 but has since fallen by more than 80% to its current low of $0.0078.
Similarly, Pixelverse spiked to $0.1745 shortly after the airdrop but has since plunged by more than 90%, hitting a record low of $0.0070.
Catizen also recently saw an impressive increase, peaking at $1.20, but has now fallen more than 26% to $0.87.
The biggest challenge for tap-to-earn and play-to-earn platforms is maintaining user engagement in the ecosystem, especially as the value of their tokens declines.
Many popular play-to-earn tokens such as Decentraland, Sandbox, Gala, and Axie Infinity have all seen sharp declines from their all-time highs as the number of users in their ecosystems has dwindled. For example, Decentraland’s market cap has dropped from around $7 billion in 2021 to $576 million, while Axie Infinity’s has fallen from over $10 billion to $749 million.
Move-to-earn platforms such as Sweatcoin and StepN, which were popular before the airdrop, have also seen sharp declines. Their market capitalizations have fallen to $58 million and $348 million respectively as network activity has waned.
The challenge is keeping users engaged in the network when the token value is no longer attractive. Therefore, it is likely that the Hamster Kombat token will initially surge, but gradually lose value as the hype wears off.
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