Hamster Kombat Price
Hamster Kombat Price Risks $0.001 Breakdown Amid Massive User Exodus?
Published
10 hours agoon
By
adminThe cryptocurrency market is gearing up for renewed market recovery amid the upcoming U.S. presidential election. The Bitcoin price recovery toward an All-time high has bolstered the broader market uptrend. Despite the bullish sentiment, the Hamster Kombat price is gradually heading for a $0.001 breakdown as it experiences a dramatic decline in its user base.
With the crypto market today, the HMSTR price trades at $0.0023 with an intraday gain loss of 1.42%. The global crypto market cap is $2.28 Trillion, while the 24-hour trading volume is $58.3 Billion.
Hamster Kombat Price Risks $0.001 Breakdown as 260M Users Exit
Hamster Kombat, once a standout in the crypto-gaming sphere, has experienced a dramatic decline in its user base over the past few months. According to recent data, the platform’s active users declined steadily from its July high of 300 million to 41 million.
Despite the initial hype, the poorly distributed air has significantly impacted the platform’s use base. Its hastily constructed AI and repetitive, tedious gameplay have failed to sustain user interest.
The staggering decline of 260 million users could negatively impact demand pressure on Hamster Kombat price. This downtrend indicator lowers engagement and decreases demand for in-game tokens, reducing liquidity and undermining the token’s market value.
If the trend persists, the HMSTR price could witness prolonged correction and drive the $0.001 breakdown.
HMSTR Chart Analysts Hints Major Breakout Amid Channel Formation
Since last month, the Hamster Kombat price has witnessed a steady correction from $0.0051 to $0.0023, registering a 55% loss. This steady shows a higher and lower low formation series, indicating a falling channel pattern formation.
Theoretically, the pattern drives a steady downturn, but as no trend remains the same in a tradable asset, the HMSTR price is poised for a decisive breakout.
By press time, the Hamster Kombat price trades at $0.0023 with a market cap of $151.1. If the U.S. presidential election drives a crypto market recovery, the altcoin could jump 18% to challenge the overhead trendline.
A potential breakout will signal a market trendline and drive the altcoin price to $0.005.
However, if the HMSTR’ user base continues to decline, the asset could prolong its correction a break below $0.001
Frequently Asked Questions (FAQs)
Hamster Kombat’s price is facing potential breakdown pressure due to a massive decline in its user base
The current price trend is shaped by a falling channel pattern, characterized by a series of lower highs and lower lows within two trendlines.
Yes, the upcoming U.S. presidential election could trigger a broader market recovery
Sahil Mahadik
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
You may like
Mt. Gox Moves $2.2 Billion in Bitcoin Following Repayment Timeline Extension
Investors look towards Lunex Network for gains ahead of Toncoin and Solana
BTC Wanes To $68K, Altcoins Flux, & DOGE Up 6%
MANTRA partners with Libre Capital to facilitate tokenized money market funds
Crypto’s Big Trump Gamble Is Risky
Why Dogecoin May Benefit Most From A Donald Trump Victory
Mt. Gox Moves $2.2 Billion in Bitcoin Following Repayment Timeline Extension
Investors look towards Lunex Network for gains ahead of Toncoin and Solana
BTC Wanes To $68K, Altcoins Flux, & DOGE Up 6%
MANTRA partners with Libre Capital to facilitate tokenized money market funds
Crypto’s Big Trump Gamble Is Risky
Why Dogecoin May Benefit Most From A Donald Trump Victory
The US Should Establish A Strategic Bitcoin Reserve
Fairshake discloses $78m crypto donation war chest
Q2 Bitcoin Mining Costs Spike To Nearly $50K
Hamster Kombat Price Risks $0.001 Breakdown Amid Massive User Exodus?
PAID IN BITCOIN: BTCPay Documentary Showcases Bitcoin as the Medium of Exchange at Bitcoin 2024 Conference in Nashville
Ethereum ETFs see $10m patronage from Michigan State
US Treasury Adds $104,000,000,000 To National Debt in One Day As Total Outstanding Debt Shatters Record High at $35,951,000,000,000
Is Ethereum Price a VC Pump and Dump?
I’m Grateful for Trump’s Embrace of Bitcoin
182267361726451435
Top Crypto News Headlines of The Week
Why Did Trump Change His Mind on Bitcoin?
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin Open-Source Development Takes The Stage In Nashville
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Citigroup Executive Steps Down To Explore Crypto
Washington financial watchdog warns of scam involving fake crypto ‘professors’
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Trending
- 2 months ago
182267361726451435
- 24/7 Cryptocurrency News3 months ago
Top Crypto News Headlines of The Week
- Donald Trump3 months ago
Why Did Trump Change His Mind on Bitcoin?
- News2 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Bitcoin4 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Opinion4 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Bitcoin3 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
- Altcoins3 months ago
Ethereum Crash A Buying Opportunity? This Whale Thinks So
✓ Share: