The efficiency of widespread Telegram tap-to-earn tokens like Avacoin, Pixelverse, and Notcoin is sending a warning to Hamster Kombat.
Hamster Kombat hits 300 million customers
Attributable to its huge reputation, the Hamster Kombat token launch is among the most anticipated occasions within the crypto trade, though the timeline for an airdrop is unsure.
Information reveals that the platform has accrued over 300 million customers globally and 50 million every day energetic customers. Its YouTube channel has added over 35 million subscribers, whereas its different social media platforms have hundreds of thousands of customers.
Hamster Kombat has surpassed different widespread gamers within the blockchain trade, like Pi Community, which had over 50 million customers at its peak. Many HMSTR holders sit up for the token itemizing, which is able to allow them to liquidate or HODL their tokens.
Notcoin, Avacoin, and Pixelverse have dropped
Present knowledge reveals that different widespread tap-to-earn tokens will not be doing nicely after itemizing.
Notcoin (NOT), which was listed in Could, has dropped by 55.8% to $0.012. Its market cap has decreased from over $2.5 billion to $1.32 billion, even after current measures to develop its ecosystem.
Equally, the Pixelverse (PIXFI) token has dropped to $0.030, down by 70% from its highest level this month, sending its market cap tumbling to $160 million.
Avacoin (AVCN), the newest tap-to-earn token to listing, has additionally not carried out nicely. Based on Bitget, the token opened at $0.002 on Tuesday and traded at $0.00091 throughout the day.
Avacoin, Notcoin, and Pixelverse are related tasks to Hamster Kombat in letting customers earn tokens by doing easy duties. Along with common tapping, customers can acquire extra tokens by finishing duties like watching YouTube movies and following social media accounts.
Due to this fact, the value motion of those cash is a warning shot to Hamster Kombat, suggesting that their worth may additionally drop after their airdrops. Based on its new white paper, Hamster Kombat customers will obtain 60% of the airdrop tokens, with the remainder going to market liquidity, partnerships, and grants.
The builders hope to study from different play-to-earn platforms like Decentraland (MANA), Sandbox (SAND), and Axie Infinity (AXS). These video games have had little exercise up to now few years, and their tokens have dropped.
Hamster Kombat goals to unravel this problem by launching common seasons the place customers can earn tokens. Nonetheless, the danger stays that present HMSTR holders would possibly dump tokens after the airdrop, pushing the value decrease.