Are Crypto Investors Losing Interest in Hamster Kombat?

Hamster Kombat, the leading "tap-to-earn" game of 2024, is currently facing significant difficulties.

The game’s official Telegram channel has experienced a notable decline in its subscriber base, dropping from 60.7 million to 55 million in October, which translates to a loss of over 200,000 subscribers each day.

Despite this downturn, Hamster Kombat continues to hold a position as one of the most popular channels on Telegram.

The game’s visibility has also suffered, as evidenced by a drastic drop in search interest on Google Trends. This metric fell sharply from a peak score of 100 in September to just 3 in October, reflecting the community’s disappointment with a recent airdrop campaign that failed to meet expectations.

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In addition to dwindling interest, the price of HMSTR saw a more than 8% decline on October 23, reaching a new low of $0.003. The market capitalization of the token has dropped dramatically, plummeting from over $600 million to approximately $218 million.

Furthermore, the average trading volume has significantly decreased, falling from over $200 million in September to around $50 million in October. This decline highlights a growing lack of investor interest in the game, raising concerns about its future viability.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.