Hamster Kombat Enters New Era, Announces The DAO

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As an analyst with over a decade of experience in the volatile and unpredictable world of cryptocurrencies, I’ve seen my fair share of projects that have promised the moon but delivered a rat race instead. Hamster Kombat (HMSTR) seems to be one such project, riding the wave of meme coin popularity earlier this year only to crash and burn in the ensuing months.

Hamster Combat, a well-known crypto game on Telegram that gained popularity this year with the rise of meme cryptocurrencies, has moved into a new stage by unveiling The DAO. It’s evident that the updated version of the viral game will incorporate a Decentralized Autonomous Organization (DAO), offering extra functionality to the project.

As a researcher, I recently came across a post on social media platform X where Hamster Kombat confirmed that the HMSTR token holders will have the power to make decisions and take part in the daily governance of the blockchain project called The DAO. This means the community will have a significant role in shaping the future of this project. However, further details about The DAO are yet to be disclosed publicly.

The game called Hamster Kombat, which lets players earn tokens by simply tapping, was introduced to the public after facing significant criticism due to delays in its launch. After the debut, the associated cryptocurrency experienced a remarkable surge, peaking at an unprecedented $0.01004 in September. However, since then, it has plummeted by a staggering 66.57%, and is currently trading at $0.003362 as of this moment.

It is important to note that the Hamster Kombat token reached its all-time low in November. The coin is currently up 48.73% from the all-time low and has crashed 15.60% in the past week while dropping 33.82% in the last 30 days. Additionally, according to the data from Google Trends, interest in the Telegram game has nosedived, indicating that the hype of the project is dying.

Significantly, The DAO aims to rescue Hamster Kombat and rekindle investor enthusiasm for the Telegram game. Earlier this year, players were led to believe they could earn life-altering returns, but unfortunately, that hasn’t materialized yet. As per a report from asset management firm Vanguard, the digital asset community has expressed dissatisfaction towards Hamster Kombat operators due to allegations of fraudulent activities.

Despite being promised substantial returns, investors in Nigeria and other regions only received payouts ranging from $1 to $4. This was consistent with the experience of users worldwide. Consequently, the drop in HMSTR’s price during a general market rally was not unexpected.

HMSTR Price Analysis

Looking at the chart from TradingView, it’s evident that the Hamster Kombat token has experienced a substantial drop over the recent weeks. The Relative Strength Index (RSI) for HMSTR is currently under 40, indicating that the selling pressure, or the bears, have predominantly controlled the price movement of this digital asset.

Source: TradingView

Additionally, the Moving Average Convergence Divergence (MACD) has shown a bearish pattern as the signal line crossed over the MACD line. In summary, the current trend suggests that the HMSTR token may not be promising, given its recent price movement.

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2024-12-10 19:30