Hamster Kombat Sees Significant Subscriber and Price Decline in October

In October, Hamster Kombat, probably the most subscribed channel on Telegram, skilled a pointy drop in its subscriber rely.

In October, Hamster Kombat, probably the most subscribed channel on Telegram, skilled a pointy drop in its subscriber rely.

Google Tendencies information additional illustrates diminishing curiosity in Hamster Kombat, with search curiosity for the time period plummeting from a peak of 100 factors in September to only three factors in October.

Along with subscriber losses, the worth of Hamster Kombat’s token, HMSTR, hit a brand new low of $0.003 on Oct. 23, marking greater than an 8% lower. The market capitalization has fallen from over $600 million to roughly $218 million.

Buying and selling quantity additionally displays this development, with the typical 24-hour buying and selling quantity dropping to round $50 million, down from over $200 million in September.

Different tap-to-earn tokens, reminiscent of Notcoin, Child DogeCoin and Catizen, have equally seen declines of 15% to twenty% this week, contributing to a common development of waning investor curiosity within the sector.

In the meantime, various cryptocurrency sectors, together with meme cash and AI tokens, are gaining traction amongst buyers.

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