Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Hamster Kombat User Base Plummets 86% Amid Competition From Paws And Political Backlash As HMSTR Token Slumps

Hamster Kombat User Base Plummets 86% Amid Competition From Paws And Political Backlash As HMSTR Token Slumps

InsidebitcoinInsidebitcoin2024/11/06 00:55
By:Insidebitcoin

Hamster Kombat , a once wildly popular Telegram clicker game, has suffered an 86% slump in its user base amid competition from new app Paws and a political backlash.

In August, the tap-to-earn game had more than 300 million users, a number that has since imploded to around 41 million.

Hamster Kombat User Base Plummets 86% Amid Competition From Paws And Political Backlash As HMSTR Token Slumps image 0

Hype Around Hamster Kombat Takes A Knock

The number of active Hamster Kombat addresses peaked at 772,300 on Sept. 27. User activity has since plummeted, however, experiencing an over 36% drop in the past week. Meanwhile, investors have also lost interest in the project’s native HMSTR token.

HMSTR has dived almost 70% from the all-time high of $0.01 that it set on Sept. 26 to a new all-time low around $0.002263 on Nov. 3. Despite recovering 4% since reaching this low, the altcoin is still down more than 67% from its all-time high.

Data from CoinGecko shows the token also registered a 24-hour loss to trade at $0.002376 as of 8:33 a.m. EST. 

Adding to Hamster Kombat’s woes is criticism the project faced from Iranian government officials. Rumors of bans in Uzbekistan also started to circulate, but these have since proven to be inaccurate.

New Telegram Mini App Paws Gains Traction At A rapid Pace

While Hamster Kombat struggles, a newly launched Telegram mini app by the name of Paws has seen its popularity surge. In just the last 8 days, the new app has surpassed Hamster Kombat’s growth trajectory after it reached 20.5 million users in its first eight days.

More than half of this growth happened in just the first two days after the app’s launch.

The Paws team said in a Nov. 4 announcement in the project’s Telegram channel that 10 million wallets had connected to the app. It added that the project’s X account reached 1 million followers as well.

Related Articles:

  • Michigan Makes History As First State Pension Fund To Invest In Spot Ethereum ETFs Via Grayscale
  • Pepe Unchained Soars Past $24.5M In Presale Despite 7.9% Market Plunge – Don’t Miss 2024’s Top Presale
  • Peanut The Squirrel Price Prediction: PNUT Plummets 8% As Investors Pivot To This PEPE Upgrade For Parabolic Gains
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

El Salvador Announces New Bitcoin Step Despite IMF Warning

Bitcoin country El Salvador has taken a new step for BTC despite the stern warning and new agreement from the IMF.

Bitcoinsistemi2024/12/22 21:55

Tether (USDT) Shares Its Profit Generated in 2024

Tether (USDT), the world's largest stablecoin issuer, shared the amount of profit it made in 2024.

Bitcoinsistemi2024/12/22 21:44