- Hamster Kombat’s token saw massive gains on Saturday.
- HMSTR surged over 80% to trade at a new daily high.
- Other Telegram-based game tokens like Catizen and Notcoin surged as well.
Hamster Kombat’s token, HMSTR, printed massive gains today as the broader crypto market rallied following Donald Trump’s historic presidential election win and the Federal Reserve’s move to cut interest rates a quarter percent.
According to CoinMarketCap data, the overall crypto market capitalization surged 3.56% in the last 24 hours to reach $2.6 trillion. Bitcoin (BTC), the world’s largest crypto asset, traded at $76,341 at the time of writing, while Ethereum (ETH) and Solana (SOL) exchanged hands at $3,044 and $198, respectively.
HMSTR Token Price Surges
Latest market data indicated that HMSTR’s price started to experience an astronomical surge on November 9 at around 08:00 (GMT+3), rising from $0.00262 to $0.0042 within a few hours. The token had gained 88% in the last day to trade at $0.0047 at press time.
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HMSTR’s price surge after losing nearly 73% of its value mirrored the performance of other popular Web3 game tokens launched on Telegram, such as Catizen (CATI) and Notcoin (NOT), which have posted intraday jumps of 25.76% and 24.33%, CoinMarketCap data shows.
While the massive gains could indicate a positive future for Hamster Kombat, the once viral clicker game is struggling to retain users after a controversial airdrop that saw 2.3 million players banned from the platform for cheating.
Per Protos, Hamster Kombat has lost 85% of its 300 million players from its peak months post-launch. The game lost nearly 260 million players in three months despite Telegram CEO Pavel Durov recently teasing it as “the fastest growing digital service in the world.”
Despite the alarming player count drop, Hamster Kombat is risking losing more users. The game has yet to launch its second season, which had been promised by the end of October. While its developers might be gearing up for something big, the delay could sow more seeds of doubt among loyal supporters.
Read how Hamster Kombat recently distanced itself from Gotbit:
Hamster Kombat Clarifies Gotbit Ties Amid Market Manipulation Concerns
Stay updated on Binance’s recent “HMSTR Secret Airdrop”:
Binance Debuts “HMSTR Secret Airdrop” Ahead of Launchpool and Listing
