Following the airdrop of Hamster Kombat ($HMSTR) Coin on September 26, the token has skilled a big drop in its market worth. Simply days after buying and selling started on main exchanges like Binance and Bitget, the price of Hamster Kombat Coin dropped by 45%. 

The Context — Hamster Kombat Airdrop and Speedy Trading

Hamster Kombat staff airdropped its $HMSTR coin to tens of millions of customers who had participated within the play-to-earn sport on Telegram. An airdrop distributes tokens to current customers or holders of a specific asset without spending a dime. It’s a sort of promoting technique to generate preliminary curiosity in a token and encourage buying and selling.

The Hamster Kombat airdrop led to a surge of curiosity within the token, with early price predictions being extremely optimistic. Many merchants speculated that the Hamster Kombat ($HMSTR) coin price would rise considerably on account of sturdy neighborhood engagement, in-game utility, and itemizing on a number of main exchanges. Initially, the token confirmed indicators of energy, spiking to a excessive of $0.018007 shortly after its itemizing. Nevertheless, this rise was just for a second and, since then, the token has solely dropped.

Causes for the Hamster Kombat Coin Worth Drop

1. Unfair Reward Distribution

Previous to the airdrop, the builders carried out an “anti-cheat” system that disqualified many contributors. This technique resulted in lots of gamers dropping their anticipated tokens, which have been redirected to influencers and huge gamers within the ecosystem. Many customers felt cheated, and this prompted widespread discontent throughout the Hamster Kombat neighborhood.

The sport’s reward construction appeared closely skewed in favor of influencers and huge holders. Whereas common gamers labored laborious to build up factors and tokens, the bulk obtained very modest payouts. This led to a robust feeling of unfairness, because the tokens have been anticipated to be extra extensively distributed however have been concentrated within the fingers of some.

2. Decrease-than-Anticipated $HMSTR Coin Worth

One other main difficulty was the token’s lower-than-expected itemizing price. Influencers had promoted the concept the $HMSTR coin might debut at $0.10 or greater. Nevertheless, the token was listed at roughly $0.01, and it instantly started to lose worth, dropping to as little as $0.0047 inside days. This vital devaluation shocked buyers and contributors who had anticipated the token to carry out higher after months of anticipation.

3. Issues with Promoting Tokens

Most gamers discovered themselves holding very small quantities of HMSTR tokens, typically value lower than $5. On condition that some exchanges require a minimal of $5 for transactions, many customers have been left holding tokens they couldn’t promote. This additional aggravated frustrations, as customers felt trapped with illiquid property that provided no worth regardless of their funding of effort and time.

4. Technical and Community Points

Including to the frustration, community congestion inside Telegram’s TON blockchain, which Hamster Kombat makes use of for its pockets integration, resulted in technical points. Consequently, many customers have been unable to entry or commerce their tokens throughout vital moments, worsening the general sentiment surrounding the airdrop.

The fruits of those elements led to a fast sell-off as disillusioned gamers sought to exit their positions, driving the token’s price down additional. Regardless of the preliminary hype across the challenge, it faces main hurdles in regaining belief from its neighborhood.

Except the staff addresses these points with transparency and equity, the long-term way forward for Hamster Kombat could also be in jeopardy.

$HMSTR Coin Technical Evaluation and Worth Prediction

Trying on the technical analysis, the Hamster Kombat token (HMSTR/USDT) stays in a bearish pattern. The price, at present at $0.004669, is beneath all exponential transferring averages (20, 50, 100, 200 EMA). The Relative Energy Index (RSI) is hovering round 45, indicating neither oversold nor overbought situations, however leaning towards additional draw back stress.

Given the EMA resistances and the token’s general downtrend, there could also be continued downward momentum until a robust basic catalyst emerges. Quick-term help is probably going round $0.0045, however a break beneath this degree might see the token drop additional.