Are Crypto Investors Losing Interest in Hamster Kombat?

Hamster Kombat, the leading "tap-to-earn" game of 2024, is currently facing significant difficulties.

The game’s official Telegram channel has experienced a notable decline in its subscriber base, dropping from 60.7 million to 55 million in October, which translates to a loss of over 200,000 subscribers each day.

Despite this downturn, Hamster Kombat continues to hold a position as one of the most popular channels on Telegram.

The game’s visibility has also suffered, as evidenced by a drastic drop in search interest on Google Trends. This metric fell sharply from a peak score of 100 in September to just 3 in October, reflecting the community’s disappointment with a recent airdrop campaign that failed to meet expectations.

In addition to dwindling interest, the price of HMSTR saw a more than 8% decline on October 23, reaching a new low of $0.003. The market capitalization of the token has dropped dramatically, plummeting from over $600 million to approximately $218 million.

Furthermore, the average trading volume has significantly decreased, falling from over $200 million in September to around $50 million in October. This decline highlights a growing lack of investor interest in the game, raising concerns about its future viability.