The introduction of HamsterVerse as a new unified ecosystem caused the HMSTR token of Hamster Kombat to sink beneath its vital support point. The price sank to $0.001620 marking its most minimal point since September 26.
The HamsterVerse functions as an application hub which connects all applications hosted by HamsterChain’s layer-2 network using the HMSTR token. The developers want to grow their creator base because they believe the large user base of Hamster Kombat will help developers within the ecosystem launch tools and games.
https://twitter.com/hamster_kombat/status/1887809300317306940
HMSTR Token Breaks Support
After the upcoming Tapswap airdrop the HMSTR token has demonstrated a downward movement. Within the Telegram platform users can earn Tapswap tokens by performing various basic actions including button tapping and watching videos together with social media page following.
Basic gaming skills now allow Tapswap users to gain more value from TAPS tokens unlike other crypto projects such as Hamster Kombat and Notcoin. The successful launch of TAPS could drive better feelings toward HMSTR.
The success of Hamster Kombat during its launch has subsequently faced challenges to keep it dominant in the market. Hamster Kombat used to control the tap-to-earn market through more than 300 million users but its TAPS token suffered an 88% price drop while buyers lost interest in purchasing the token.
According to IntoTheBlock data HMSTR maintains 3.9 million holders but they hold only 0.05% of its total profit. All tap-to-earn tokens such as Catizen, Notcoin and DOGS demonstrate comparable price decreases on the market.
The technical indicators show HMSTR facing additional loss potential. The token sharply fell below its essential support mark at $0.002270 and this structural bearish shift stands out as a major negative sign. The technical indicator depicted the minimum threshold within a descending triangle pattern which analysts consider a bearish technical formation.
Analysts predict a potential 40% decrease in the HMSTR price that would cause it to fall to $0.00010. A rise above the significant $0.002270 level will challenge the bearish analysis although the cascade of negative sentiments may continue with another 40% decline to $0.00010 unless the price rebounds. The market reacts with caution as investors follow HamsterVerse’s ability to boost interest for the deteriorating HMSTR token.
