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Can It Compete with Paws?

Andras Crow-Hreidar by Andras Crow-Hreidar
November 5, 2024
in Crypto, News
Reading Time: 2 mins read
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Hamster Kombat, a once-thriving game on Telegram, has experienced a steep decline in popularity. In August, it boasted an impressive 300 million active users, but that number has plummeted by a staggering 86%, leaving it with just 39.61 million users. Previously the darling of the crypto community, this game now finds itself struggling to maintain attention. Let’s delve into the factors behind this dramatic drop in user engagement and explore what the future might hold.

A Decline Steeper Than Expected

The downfall began shortly after Hamster Kombat reached its zenith on September 27, when it recorded 772,330 active addresses. Today, that figure has nosedived by an astonishing 98.46%, dwindling to a mere 11,860. A sharp 36% decline within just a week has compounded the grim outlook for the game. The HMSTR token has mirrored this descent, crashing from its peak of $0.01004 to a scant $0.0024. As if matters couldn’t get worse, about 99% of token holders now find themselves “out of the money.”

blockdag 70m

Beyond the numbers, the community’s sentiment has soured. A recent airdrop, perceived as skewed toward influencers, has left many loyal players feeling overlooked and undervalued. This has fueled accusations that the game prioritized referral schemes over genuine gameplay rewards, causing further disillusionment among its once-dedicated user base.

Community Concerns and the Rise of Paws

Adding to the woes, the developers’ silence on social media has amplified player concerns. What were once frequent updates have dwindled to sporadic posts every four or five days, leaving fans to speculate on whether a comeback is in the works or if the developers are planning to abandon the project altogether.

In contrast, the Paws mini app is gaining traction at an astonishing rate. With over 20.5 million users in just over a week and more than 10 million connected wallets, it has quickly become a force to be reckoned with. Its social media following has surpassed a million, highlighting a significant shift in user interest. The rise of Paws, along with other Telegram mini apps, signals a changing tide in the crypto ecosystem, diverting attention from Hamster Kombat. Similarly, other once-popular apps like DOGS are experiencing a similar decline in engagement. Could we be witnessing the emergence of a new trend?

What to Expect

Hamster Kombat’s challenges extend beyond internal dissatisfaction, as external pressures mount. Criticism from Iranian officials and rumors of a potential ban in Uzbekistan have further complicated its situation. Despite these setbacks, there is a flicker of hope. A surprising 3.5 million addresses still hold HMSTR tokens, representing a 30-day high. This suggests that some loyal support remains, but whether it’s sufficient to ignite a resurgence is uncertain.

As the crypto landscape continues to evolve, only time will tell if Hamster Kombat can reclaim its former glory or if its users will permanently shift their allegiance to newer, more captivating games.

Tags: Crypto newsHamster Kombat (HMSTR))
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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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