Hamster Kombat reaches $5.3B in daily trading volume
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.
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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