What to Expect from HMSTR Price in Last Week of October?

From the most awaited crypto project to complete disappointment, Hamster Kombat is approaching its 1-month anniversary since its launch. The Tap-to-earn game was introduced in March, and in just six months, it has gained more than $300M players. However, the unfairness of the HMSTR airdrop and the banning of millions of people from airdrop despite their months-long progress surrounded negative sentiments around the token. With this, the HMSTR price ended up in a complete downtrend, losing more than half of its value since its launch.

More importantly, the user’s focus is shifting towards the Hamster competitions, like X Empire as the token listing, and X airdrop is on October 24, 2024.

Analyzing The Hamster Kombat Performance Since Launch

The popular Tap-to-earn game’s token made its presence in the crypto market with a pre-listing price of 0.0118 USDT. However, moments after the launch, the HMSTR price declined to $0.009496 and has been in a downtrend. With this, the best performance the token has ever exhibited was on September 26, when it traded at around $0.01004. However, the price has declined by 67%, currently at $0.00377.

Even the Hamster Kombat price hit its bottom four days ago, declining to $0.003656. It was the bottom of the price chart for this Hamster game, clearly revealing the users losing interest and month-long disappointment. Though it has peaked at 4% from the bottom, the ongoing performance is still concerning, and many are worried about future performance, especially with the rising Kombat vs X Empire debate.

Big Things Are Coming For Hamster Kombat In October End

Based on the current performance, the token’s future is in jeopardy. However, the Kombat team has planned things to make the HMSTR price recover in the future. As per the Times of India statement, Hamster Kombat Season 2 might begin in the last week of October to offer another entertaining playing experience.

Just recently, the game finished the interlude season, with the players waiting for Season 2, as the team has promised various new and better features. Additionally, a second airdrop might happen in the summer, rewarding the participants again.

There is significant enthusiasm around the second season, as the team will launch staking-like features. Here, the players who received the HMSTR tokens in this airdrop can retain these tokens within the game. However, it is important to note that this does not actually involve on-chain staking or Smart Contract interactions. Instead, it is a rewarding system where retaining the token within the game could boost their Season 2 earnings.

Additionally, the player could develop their development studio, build teams, create games, and much more. Here, they will have more control over the game. Interestingly, the team has hinted at big development activities that might take even days to finish, bringing extra fun with the old features like daily combos, tapping to earn, etc.

How Will It Impact HMSTR Price?

With the Season 2 launch, the Hamster Kombat token might witness an additional push toward recovery. This token is struggling due to the unfair airdrop distribution, but with time, the sentiments are cooling off the people. Moreover, the market favoring the bulls can also impact this token’s recovery in the future, especially with the new season. Many analysts have claimed to see the HMSTR price to $0.01 and higher in the future. However, strong selling pressure is persistent on the charts, so the recovery might halt in mid, with the sellers selling immediately after witnessing a minor surge.

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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.