Hamster Kombat Price
Hamster Kombat Price Risks $0.001 Breakdown Amid Massive User Exodus?
Published
2 months 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.
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Where to Invest in November End?
Published
4 weeks agoon
November 25, 2024By
adminIn the last few days, the bulls have taken over the crypto market, where many tokens have gained new highs, including the failing ones Hamster Kombat and X Empire. With the Bitcoin price nearing $100K, these failing Tap-to-earn tokens have also met with the bulls, aiding in their recoveries. However, the question still stands the same. Which one fits right in crypto investors’ portfolios for November end?
Analyzing The Hamster Kombat Price Performance
Hamster Kombat has been a part of the crypto industry for the last one and a half months, which is quite short for this token to show its full potential. It is more challenging, especially with a bad start, which has destroyed its image in the crypto market. The token fell right after its launch due to the HMSTR airdrop and the controversy around the distribution system. As a result, it is 54% down from its listing price of $0.008585 and reached the bottom at $0.002257 around 20 days ago.
However, the token jumped big with the Donald Trump win-induced crypto rally on November 9. At that time, the HMSTR price jumped from $0.002577 to $0.005761 within 24 hours, but the downtrend followed soon, leading to a few days-long drop until recently. With the bitcoin price surging to a new ATH at $99.6, the HMSTR price has surged 8%, currently at $0.003951. Additionally, its 51% in the trading volume to $88.34M indicates that the investor’s interest is returning to the token.
Analyzing the X Empire Price Performance
The X price performance is no different from the Hamster Kombat price, as it has faced multiple ups and downs since its launch a month ago. The token entered the crypto market with a listing price of $0.00005348, but it has surged significantly, achieving an ATH of $0.00058 on November 9. However, it failed to continue the rally ahead and entered a downtrend, losing 62% value from the ATH. Interestingly, after an 8% surge in the last 24 hours, it is now valued at $0.0002191, with a market capitalization of $151.07M.
Interestingly, compared to HMSTR, its demand is higher, as the trading volume is at $205.73M after a 6% surge in the last 24 hours. This came after its X Empire rally to an ATH, which has brought back investors’ interest. More importantly, season 2 is likely to increase its demand even higher.
Hamster Kombat Vs X Empire & Where To Invest In November End?
Despite a bad start, both the tokens have attempted recovery in the last few days. However, X Empire is leading the race, especially with its ATH rally. With its 174% growth since its launch, it has beaten HMSTR, which is down by 54%. However, their performance is highly disappointing, considering the demand for both tap-to-earn games. Instead of achieving the $1 target, as expected from the player before the token launch, they had followed a constant downtrend and consolidation with minor recoveries here and there. As a result, there are certain doubts about their future performance. So, investors should analyze the trend and run a deep technical analysis before investing in them for November-end returns.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
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.
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