Hamster Kombat is unlikely to regain its popularity as the most watched ICO in 2024.
Since its debut in public, the project’s popularity has dropped by over 65%.
Moreover, the ecosystem assessment suggests that HMSTR will continue to suffer from higher prices.
Hamster Kombat Telegram Mini app has experienced a drop in users as it failed to maintain the original excitement.
In the last week, users have dropped from 55 to 48.545,993 people (at time of press).
Hamster Kombat is being left by more than one million people every day.
Hamster Kombat user base at record lows
Since its initial airdrop the game’s popularity has waned, disappointing many players.
Some branded the token distribution as unfair while others criticised the lower returns of a project which promised to change lives.
HMSTR’s price has fallen by approximately 62% since its highs.
Recent user exits have been a result of this environment.
Hamster has a user base of 48 million, indicating a substantial drop.
In just two months, the project had attracted more than 100 millions players.
The ongoing Season 2 of the game, which offers more CEO roles, such as launching new titles, creating a gaming eco-system, and hiring staff, has not been able to create excitement.
Hamster Kombat is losing its appeal to large investors.
Whale NetFlow dropped by a third in the last seven days according to IntoTheBlock.
Moreover, traders of derivatives are also pessimistic regarding HMSTR.
Coinglass 30-day Liquidation Map data (LM) shows that short positions amount to $5 Million and only 1 million are long.
The stats also showed a bearish trend on both the daily and weekly timeframes.
Hamster Kombat’s bearishness is significant, and it signals further drops in HMSTR prices.
HMSTR price performance
Altcoins traded for $0.002718, after losing more than 6% over the last 24 hours.
HMSTR showed bearishness across all timeframes. It was down by 68% over its ATHs in the past month and 46% from its ATHs.
It also lost 18% over the last seven days.
HMSTR Price Forecast
Alt is in a channel descending, signalling a strong downtrend.
Recent candlesticks indicate consolidation. It is bouncing between the upper and lower channel boundaries.
HMSTR’s momentary floor is $0.0027. If it were to be breached, the current price would plummet 18%.
A 25% drop in the daily volume of trading supports this downward trend.
Bulls will target the $0.00305 resistance, which is the level that has been holding back price increases over the last week.
If this obstacle is overcome, it will signal a greater momentum in the market and eliminate any projected negative sentiment.
Solid revivals may push HMSTR to $0.004
This would be a 47.17 percent increase over the price at present.
Hamster Kombat will continue to work hard to attract and retain new players.
The price drop that HMSTR is aiming for after Hamster Kombat users lose their money may change as the updates develop.
