Hamster

Revive

Hamster Kombat

when

Summer

Play-to-Earn (P2E) Telegram-based game <a href="https://www.thecoinrepublic.com/2024/11/17/hamster-kombat-holders-hit-11m-can-it-reclaim-ath/" rel="noopener noreferrer nofollow">Hamster Kombat</a> has announced the debut of a new phase, The DAO. This could boost Hamster Coin.
The name shows that the new era will include a Decentralized Autonomous Organization (DAO). This will mark the introduction of a new utility for the viral Telegram-based project.
Hamster Kombat rose to stardom a few months ago during the surge in the popularity of Tap-2-Earn (T2E) games on Telegram.
<h2 class="wp-block-heading" id="h-telegram-gaming-sensation-to-float-dao">Telegram Gaming Sensation to Float DAO</h2>
According to the announcement on X, the DAO will allow holders of the game’s native token, <a href="https://www.thecoinrepublic.com/2024/09/20/crypto-com-rolls-out-hamster-kombat-airdrop-ahead-of-launch/" rel="noopener noreferrer nofollow">HMSTR</a>, to make decisions relating to the project.
This means they can vote on proposals for the Hamster Kombat project and determine the ecosystem’s future direction. HMSTR holders will partake in day-to-day governance and have decision-making power in the blockchain project.
Apart from these few details, no other information concerning the DAO has been released.
Noteworthy, this potential decentralization shift can reinstate investors’ interest in Hamster Kombat after the drastic price fall it experienced earlier.
<h2 class="wp-block-heading" id="h-will-this-revive-hamster-coin-price-from-historic-lows">Will This Revive Hamster coin Price From Historic Lows?</h2>
The Hamster Kombat game launched earlier this year after receiving so much backlash from the community over the project’s delay.
Several players were irate when it eventually had its <a href="https://www.thecoinrepublic.com/2024/09/27/hamster-kombat-airdrop-is-it-worth-the-wait/" rel="noopener noreferrer nofollow">HMSTR airdrop</a> due to the small allocation they received. Following its launch in September, the Hamster coin hit an all-time high (ATH) of $0.01004.
However, it has since crashed by a whopping 67.42% from the ATH, trading at $0.00318 at the time of writing.
Compared to November, when the token hit its <a href="https://www.thecoinrepublic.com/2024/11/03/hamster-kombat-hmstr-hits-all-time-low-but-theres-a-catch/" rel="noopener noreferrer nofollow">all-time low</a> (ATL) of $0.0025, analysts consider the current price level a modest recovery. It is now 48.73% higher than the ATL but has crashed more than 23% this past week and by 36.81% in the last 30 days.
A look through daily on-chain charts by TradingView confirms the series of crashes that HMSTR has survived this season.
Its Relative Strength Index (RSI) shows a value below 40. This suggests that the bears are in charge, hinting at a likely rebound in the future.
<h2 class="wp-block-heading" id="h-expectations-for-hamster-kombat-token-utility">Expectations For Hamster Kombat Token Utility</h2>
Hamster Kombat promised to provide life-changing returns to its holders but has yet to fulfill that promise.
Many players have vowed not to participate in Season 2, scheduled for Summer 2025. It is, therefore, not surprising that interest in the Telegram-based game has dipped significantly.
Insights obtained from Google trend suggests that the hype on the project is gradually dwindling.
The DAO may be Hamster Kombat’s chance to revive its ecosystem. Although the digital asset community is disappointed in Hamster Kombat operators for allegedly scamming their users, there is still a chance for redemption.
The project initially informed players of a high token allocation rate for context. However, investors ended up with a small fraction of the distributed tokens when it launched.
In Nigeria, the game’s players received between $1 to $4 worth of HMSTR as payouts for months of engagement with the application. The same thing happened in other countries.
Judging by these discrepancies, the crash in HMSTR price was not surprising.
The post <a href="https://www.thecoinrepublic.com/2024/12/12/hamster-kombat-teases-dao-integration-implications-for-hmstr/" rel="noopener noreferrer nofollow">Hamster Kombat Teases DAO Integration, Implications For HMSTR</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

Hamster Kombat Teases DAO Integration, Implications For HMSTR

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