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Hamster Kombat reaches $5.3B in daily trading volume

Hamster Kombat reaches $5.3B in daily trading volume

GrafaGrafa2024/11/15 09:00
By:Mahathir Bayena

Hamster Kombat (CRYPTO:HMSTR), the cryptocurrency token linked to the Telegram Mini App of the same name, has recorded a significant $5.3 billion in daily trading volume.

According to the Hamster Kombat team, spot trading volume accounted for $1.3 billion, while perpetual trading volume reached $4 billion.

The project currently boasts 11 million tokenholders.

“It’s over 239 Yankee Stadiums full of hamsters holding the tokens and believing in its value,” the team noted in a statement.

Despite a recent decrease in users, community sentiment around Hamster Kombat remains positive.

CoinMarketCap data reveals that 73% of 87,689 voters maintain a bullish outlook, while 27% are bearish.

This comes after a significant decline in active users, which dropped from a peak of 300 million in August to 41 million by November 5, marking an 86% decrease.

IntoTheBlock data also indicated a reduction in active addresses, which fell from over 700,000 on September 27 to just above 20,000 by November 13.

The token’s price has seen fluctuations, dipping from an all-time high of $0.01 on September 26 to $0.0022 by November 4.

However, a slight rebound occurred, with the price rising to $0.004401 on November 14.

At Binance Blockchain Week in Dubai on October 30, experts discussed the challenge of user retention in blockchain-based games.

Sasha Plotvinov, co-creator of Notcoin, emphasized the need for social and emotional elements in gaming to maintain user engagement.

Plotvinov emphasised that each project aims to provide a “new thing” for users to enhance retention and interaction.

At the time of reporting, the Hamster Kombat (HMSTR) price was $0.003753. 

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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.

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