Coin overview
HMSTR
Ended--
Last price (USDT)
659.04K
24h total (USDT)
5.16M
Total vol (USDT)
2024-09-13 08:00:00 ~ 2024-09-26 11:30:00
Trading time (UTC+0)
2024-09-27 00:00:00
Delivery time (UTC+0)
Total supply100.00B
Resources
Introduction
Hamster Kombat (HMSTR) is an engaging Telegram-based tap-to-earn game where players take on the role of a CEO running a virtual cryptocurrency exchange. The goal of the game is to level up from being a humble "shaved hamster" to the prestigious "grandmaster CEO" of a tier-1 exchange. Players achieve this by tapping on their screens to accumulate in-game currency known as Hamster Coins. HMSTR Total supply: 100,000,000,000 X: https://twitter.com/hamster_kombat Telegram: https://t.me/hamster_kombat
Hamster Kombat reaches $5.3B in daily trading volume
Hamster Kombat (CRYPTO:HMSTR), the cryptocurrency token linked to the Telegram Mini App of the same name, has recorded a significant $5.3 billion in daily trading volume. According to the Hamster Kombat team, spot trading volume accounted for $1.3 billion, while perpetual trading volume reached $4 billion. The project currently boasts 11 million tokenholders. “It’s over 239 Yankee Stadiums full of hamsters holding the tokens and believing in its value,” the team noted in a statement. Despite a recent decrease in users, community sentiment around Hamster Kombat remains positive. CoinMarketCap data reveals that 73% of 87,689 voters maintain a bullish outlook, while 27% are bearish. This comes after a significant decline in active users, which dropped from a peak of 300 million in August to 41 million by November 5, marking an 86% decrease. IntoTheBlock data also indicated a reduction in active addresses, which fell from over 700,000 on September 27 to just above 20,000 by November 13. The token’s price has seen fluctuations, dipping from an all-time high of $0.01 on September 26 to $0.0022 by November 4. However, a slight rebound occurred, with the price rising to $0.004401 on November 14. At Binance Blockchain Week in Dubai on October 30, experts discussed the challenge of user retention in blockchain-based games. Sasha Plotvinov, co-creator of Notcoin, emphasized the need for social and emotional elements in gaming to maintain user engagement. Plotvinov emphasised that each project aims to provide a “new thing” for users to enhance retention and interaction. At the time of reporting, the Hamster Kombat (HMSTR) price was $0.003753.
Hamster Kombat Token Sees $1.3 Billion in Trading Volume Despite Drop in Active Users
Hamster Kombat, the Web3 game built on the Telegram Mini App, has seen a significant surge in its cryptocurrency token despite a recent decline in active users. As of November 14, the game’s token, Hamster Kombat (HMSTR), has reached impressive trading volumes. Daily spot trading for the token has soared to $1.3 billion, while perpetual trading volume has hit $4 billion. The Hamster Kombat team announced that the token now has 11 million holders, a number they likened to filling 239 Yankee Stadiums with “hamsters” who believe in the token’s value. Even though the game experienced a sharp drop in active users recently, the community’s sentiment remains largely optimistic. CoinMarketCap data reveals that 73% of voters are bullish on the token, while 27% have a bearish outlook. This optimism persists despite the game’s active monthly users plummeting from 300 million in August to just 41 million by November 5, a staggering 86% decline. Further data from IntoTheBlock shows that active addresses have also fallen drastically, from over 700,000 on September 27 to just above 20,000 by November 13. READ MORE: Can U.S. Spot Bitcoin ETFs Keep Momentum After Hitting $500 Billion in Trading Volume? Along with the drop in users, the token’s price fell from its peak of $0.01 on September 26 to $0.0022 by November 4. However, the HMSTR token showed signs of recovery, climbing back to $0.004401 on November 14. At Binance Blockchain Week in Dubai, experts discussed the challenges of user retention in Web3 games. Sasha Plotvinov, co-creator of Notcoin, emphasized that retaining users requires creating social and emotional connections within the game, offering experiences that are unique and emotionally engaging. This focus on emotional investment is seen as key to keeping players engaged long-term.
Data: Hamster Kombat daily trading volume reaches 5.3 billion US dollars, with 11 million token holders
According to Cointelegraph, the Hamster Kombat team reported that its Hamster Kombat (HMSTR) token has a daily trading volume of 5.3 billion US dollars, with a spot trading volume reaching 1.3 billion US dollars and perpetual trading volume reaching 4 billion US dollars. The Hamster Kombat team claims that it currently has 11 million token holders.
⚡️Hamster News | November 12⚡️
Hey Hamsters! 🐹 Crypto markets seem to be going insane! In a good way! All the way up, as they say. BTC ATH, FTX lawsuit against Binance, 2,000% growth for a meme coin, and many more. Let's dive in! 🚀 Watch every video closely to get clues that you can use later
HMSTR token jumps 83% ahead of season 2 launch
Hamster Kombat’s HMSTR (CRYPTO:HMSTR) token surged by 83% over the past week, driven by excitement over hints of a season 2 airdrop. The announcement, shared on Hamster Kombat’s official Telegram channel, has generated anticipation among users eager for the new season’s rollout. The HMSTR token’s recent gains coincide with Bitcoin’s (CRYPTO:BTC) rise to an all-time high of $82,000, boosting positive market sentiment and fueling HMSTR’s weekly growth. On November 9, the development team halted token withdrawals as part of a strategy to incentivise players holding HMSTR tokens within the game. An official statement assured that these loyal players would be rewarded, demonstrating the platform's commitment to fostering community engagement and long-term holding. Season 2 promises significant gameplay enhancements and revamped token economics. Upcoming features include tools for players to create personalised gaming spaces, a team member hiring system, community-led challenges, and management tools for virtual gaming studios. These changes aim to deepen user interaction and ensure sustainable token value. Despite the enthusiasm, Hamster Kombat has faced challenges since its first airdrop on September 26. User numbers dropped from 300 million to 49.9 million, with backlash over the fairness of anti-cheat systems and allegations of favoritism toward influencers. "Hamster Kombat’s Season 2 won’t succeed unless they fix the big mistake of disqualifying 65%+ of their players. Yes, cheaters should be punished, but their system has failed to spot the real cheaters," stated community member Keyur Rohit on X. The development team has pledged to address past issues by improving gameplay, reward distribution, and token stability. With season 2 set to expand beyond crypto exchange simulations to a more comprehensive gaming ecosystem, Hamster Kombat aims to rebuild trust and engage its community with enhanced features and a better user experience. At the time of reporting, the Hamster Kombat (HMSTR) price was $0.004667.
Hamster Kombat (HMSTR) Price Reverses Downward Trend with 88% Surge
Hamster Kombat’s token saw massive gains on Saturday. HMSTR surged over 80% to trade at a new daily high. Other Telegram-based game tokens like Catizen and Notcoin surged as well. Hamster Kombat ’s token, HMSTR, printed massive gains today as the broader crypto market rallied following Donald Trump’s historic presidential election win and the Federal Reserve’s move to cut interest rates a quarter percent. According to CoinMarketCap data, the overall crypto market capitalization surged 3.56% in the last 24 hours to reach $2.6 trillion. Bitcoin (BTC), the world’s largest crypto asset, traded at $76,341 at the time of writing, while Ethereum (ETH) and Solana (SOL) exchanged hands at $3,044 and $198, respectively. HMSTR Token Price Surges Latest market data indicated that HMSTR’s price started to experience an astronomical surge on November 9 at around 08:00 (GMT+3), rising from $0.00262 to $0.0042 within a few hours. The token had gained 88% in the last day to trade at $0.0047 at press time. Sponsored HMSTR’s price surge after losing nearly 73% of its value mirrored the performance of other popular Web3 game tokens launched on Telegram, such as Catizen (CATI) and Notcoin (NOT), which have posted intraday jumps of 25.76% and 24.33%, CoinMarketCap data shows. While the massive gains could indicate a positive future for Hamster Kombat, the once viral clicker game is struggling to retain users after a controversial airdrop that saw 2.3 million players banned from the platform for cheating. Per Protos, Hamster Kombat has lost 85% of its 300 million players from its peak months post-launch. The game lost nearly 260 million players in three months despite Telegram CEO Pavel Durov recently teasing it as “the fastest growing digital service in the world.” Despite the alarming player count drop, Hamster Kombat is risking losing more users. The game has yet to launch its second season, which had been promised by the end of October. While its developers might be gearing up for something big, the delay could sow more seeds of doubt among loyal supporters. Read how Hamster Kombat recently distanced itself from Gotbit: Hamster Kombat Clarifies Gotbit Ties Amid Market Manipulation Concerns Stay updated on Binance’s recent “HMSTR Secret Airdrop”: Binance Debuts “HMSTR Secret Airdrop” Ahead of Launchpool and Listing
Crypto price predictions: Vantard, Cardano, Hamster Kombat
Cryptocurrency prices jumped sharply as Bitcoin moved close to the important resistance point at $80,000. Other cryptocurrencies like Cardano (ADA), Hamster Kombat (HMSTR), and Catizen (CATI) have all surged by double digits. The market cap of all coins has jumped to over $2.7 trillion. This article looks at top coins like Vantard (VTARD), Cardano, and Hamster Kombat. Hamster Kombat price forecast The Hamster Kombat token price has surged hard in the past few days, ending the recent bear market. This rebound happened after the coin formed a falling wedge chart pattern, a popular bullish signs in the market. The Hamster Kombat token has moved above the 25-period and 50-period Exponential Moving Averages (EMA). Also, the Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards. Therefore, the token will continue rising as bulls target the key resistance level at $0.01, which is about 77% above the current level. A drop below the key support level at $0.0040 will point to more downside to the key support at $0.002. Cardano price prediction The daily chart shows that the ADA price has surged hard in the past few days. It has risen in the past six consecutive days, reaching its highest level since April 9 of this year. It has crossed the important resistance point at the 50% Fibonacci Retracement level. Cardano has formed a golden cross pattern as the 200-day and 50-day moving averages have formed a golden cross pattern. Also, the MACD, Relative Strength Index (RSI), and the Stochastic Oscillators have all moved to their overbought levels. Therefore, the Cardano price will likely continue rising as bulls target the key resistance point at $1. Vantard token sale continues Vantard, an upcoming Vanguard-themed coin, has become one of the best-performing token sales of the year. In less than three weeks, the token is on track to raise over $1 million from investors. Vantard’s token sale has attracted thousands of investors who believe that it could be the next big thing in the crypto industry. For one, it is a coin that aims to replicate the success made by most meme coins, which have continued to outperform the likes of Bitcoin and Ethereum. There are a few important catalysts that could do better when it launches its airdrop in the next few months. First, most meme coins are expected to keep soaring during this meme coin rally. Second, Donald Trump is expected to implement friendly policies that will support the cryptocurrency industry. Third, Vantard will do well because of the Federal Reserve, which is expected to continue cutting interest rates in 2025. It has already slashed rates two times – by 0.75% -, a move that will make it better for investors to allocate cash to meme coins. You can buy Vantard token here .
Hamster Kombat Price Soars 134% After Trump's Election Win
The rate of the Hamster Kombat cryptocurrency (HMSTR), released by the creators of the game of the same name in Telegram, rose by 134% after Donald Trump won the US presidential election. Hamster Kombat Price started pumping November 9, and in less than a day it more than doubled. On Sunday morning in Moscow, the price of HMSTR reached a record high since the end of September at $0,0059 and then slightly corrected. Hamster Kombat Cryptocurrency Price Rise Over the past three months, the number of players in Hamster Kombat has increased decreased by 260 million to 40 million, and, as many experts believe, the popularity of tapalka will continue to fall, because the second season of the competition promised by the developers has not yet begun. Given these factors, it is obvious that HMSTR tokens have risen in price not due to the activity of gamers, but because of speculators who decided to make money on the pump and dump of the cryptocurrency rate. Hamster Kombat coins started to fall in price immediately after the event airdrop , as most players who received the cryptocurrency as a gift chose to get rid of it. The downward trend continued until November 5, when the HMSTR price bottomed out at $0,0022, more than four times lower than its peak. However, during the Hamster Kombat rate pump, the trading volume of this cryptocurrency increased by 4040% and exceeded $1,1 billion, which is twice the level of coin capitalization. This fact indicates that large cryptocurrency whales have entered the HMSTR market and the level of token rate volatility will remain high.
Cardano Price Prediction for Today, November 10—ADA Technical Analysis
Cardano (ADA) is experiencing strong buying momentum, reflecting an optimistic sentiment in the crypto market. As ADA shows signs of a potential breakout, traders are closely monitoring its movement at key resistance levels. ADA Key Statistics Current Price: $0.63 Market Cap: $22.11 billion 24h Trading Volume: $3.49 billion Circulating Supply: 35 billion ADA Total Supply: 44.99 billion ADA CoinMarketCap Ranking: #9 Cardano’s (ADA) recent performance shows notable growth , with a 27.84% increase from its recent high and remarkable 97.34% and 96.04% jumps from its 30-day and 7-day lows. ADAUSD Market Key Levels Resistance: $0.68, $0.75, $0.85 Support: $0.54, $0.48, $0.40 ADAUSD – Daily Chart On the ADAUSD daily chart, the technical indicators signal strong upward momentum. The Parabolic SAR dots are positioned below the price, confirming a bullish trend. This suggests that ADA’s current upward trajectory may continue if buying interest remains consistent. The Relative Strength Index (RSI) is currently at a high level of 86, indicating that ADA is in overbought territory. An RSI above 70 typically suggests that the asset may be overbought, signaling the potential for consolidation or a short-term pullback. However, high RSI levels can also indicate strong bullish momentum, especially if ADA breaks through resistance at $0.68. Should it succeed, ADA could test higher targets at $0.75 and possibly $0.85 or even $1. In the event of a retracement due to the overbought RSI, support levels at $0.54 and $0.48 could offer stabilization before a potential renewed upward push. Cardano’s Path to $1: Will ADA Sustain Its Momentum? Cardano (ADA) recently entered a corrective phase after a remarkable rally that made it one of the top performers among major cryptocurrencies last week. This strong performance has prompted renewed interest in ADA’s market dynamics, with analysts pointing to various on-chain indicators that suggest a possible path toward the one-dollar mark. Why Did Cardano Jump 68% in a Week? According to data from IntoTheBlock, whale transaction volume for Cardano spiked by 34%, reaching $11.64 billion. This surge in large transactions signals significant interest from major holders, adding a layer of confidence to the asset’s upward momentum. Recent upgrades within Cardano’s ecosystem, including the Chang Hard Fork, are expected to bolster ADA’s prospects as demand for decentralized solutions grows globally. ADABTC Performance Insight The ADABTC chart shows a strong bullish surge, with ADA climbing over 23% to reach 0.00000796 BTC. The Parabolic SAR dots are now positioned below the price, reinforcing the current uptrend, while the RSI has spiked to 85.38, indicating overbought conditions. This sharp rally suggests a powerful shift in momentum, possibly due to renewed interest in ADA, though the elevated RSI may hint at a potential short-term pullback. ADABTC – Daily Chart In a recent update shared by BlockNews on X, Charles Hoskinson, the founder of Cardano ($ADA), confirmed that he will be collaborating with the Trump Administration in 2025. This announcement marks a significant development for the prominent blockchain figure as he ventures into the political arena. Such a high-profile partnership may also boost the credibility and adoption of the Cardano blockchain, further influencing its market value. Alternatives to Cardano Cardano (ADA) has garnered significant attention for its pioneering approach to blockchain scalability and adaptability, thanks to its dedicated team. Similarly, Pepe Unchained ($PEPU) is making waves in the meme coin space with its innovative vision. The project’s highly successful presale, which has attracted over $26 million in investments, demonstrates market enthusiasm and confidence. By leveraging its own advanced Layer 2 blockchain technology, Pepe Unchained overcomes the limitations of legacy networks like Ethereum. This results in rapid transaction speeds and significantly reduced gas fees, creating an ideal environment for efficient, cost-effective, and seamless experiences. Pepe Unchained ($PEPU) Launching Soon With robust funding, cutting-edge technology, and a growing community, Pepe Unchained is well-positioned to revolutionize the meme coin landscape. As the project continues to build momentum, its solid foundation and innovative approach indicate a bright future, solidifying its position as a leader in the cryptocurrency space. Visit Pepe Unchained . Related News Is It Too Late To Buy ADA? Cardano Price Soars 18% To Flip TRON As 9th-Largest Crypto, And This Might Be The Next Crypto To Explode Hamster Kombat Price Prediction: HMSTR Skyrockets 119% As Pepe Unchained Rockets Past $26 Million In Presale
Controversial Company DWF Labs Buys This Altcoin, Price Increases More Than 90 Percent
DWF Labs, perhaps one of the most controversial market-making companies in the cryptocurrency world, seems to have added a new altcoin to its portfolio, and interestingly, this token is in the memecoin class. According to information from Onchain data, DWF Labs recently collected $654,000 worth of Hamster Kombat (HMSTR) tokens from various cryptocurrency exchanges. Following this action by DWF Labs, the HMSTR price has indeed seen an impressive rally, rising by over 90% in the last 24 hours. As of this writing, the HMSTR price is trading at $0.005764. Related News Analytics Company Warns Bitcoin Price is in a Very Critical Place! “Key Decision Zone” At the time of writing, DWF Labs has approximately $15 million in assets in its cryptocurrency wallets, which has seen a $500,000 increase in the past 24 hours thanks to the market rally. The company’s top altcoins include DEXE at $2.60 million, GALA at $2.01 million, and AXL at $1.87 million. *This is not investment advice.
Web3 Watch: Classic fighter Samurai Shodown comes to Sui
Sui, the MoveVM-based layer-1 blockchain, announced last Thursday that the roleplaying game Samurai Shodown R will be available on its upcoming SuiPlay0X1 handheld gaming device. Samurai Shodown was a classic 1993 Sega fighting game that was re-released as a massive multiplayer online roleplaying game (MMORPG) in 2019. The new Samurai Shodown R is developed by Lumiwave, a blockchain company focused on bringing intellectual property onchain. Anthony Palma, head of gaming partnerships and investments at Mysten Labs, said of the launch: “With Sui’s unique infrastructure, LumiWave is able to deliver a truly seamless Web3 experience, where features like evolving NFTs and in-game asset ownership are not just concepts but fully realized.” Newsletter Subscribe to Blockworks Daily Subscribe Read more: Crypto gaming may be on the cusp of fresh growth Making use of Sui ’s blockchain technology, Samurai Shodown R will come with Web3 features like dynamically evolving NFTs based on player progression and “zkLogins” with familiar Web2 credentials like Facebook and Google. TapSwap launches new Web3 gaming layer to improve tap-to-earn Tap-to-earn games like Notcoin and Hamster Kombat are bogged with problems like user retention, unclear reward structures and plummeting token values. TapSwap is planning to solve that problem with a new Web3 gaming platform , the team announced on Thursday. The so-called “skill-based” gaming platform will see gamers pay an upfront fee using the TAPS token to compete against one another for rewards. TapSwap’s new platform aims to connect gamers with game developers, allowing users to earn rewards in the platform’s native TAPS token while letting developers better monetize their games. Read more: Web3 Watch: Telegram tap-to-earn is the new crypto gaming trend “The classic pattern is a tap-to-earn token losing most of its value immediately after its first listing on a centralized exchange, distorting the incentive to stay with the project for the long run and contribute to healthy ecosystem development,” said Naz Ventura, the founder of TapSwap. “Such outcomes benefit neither the community nor the projects themselves. To address this, TapSwap has built a gaming platform that adds genuine utility and value to the TAPS token, ensuring players are fairly and transparently rewarded.” One interesting stat: Zora has distributed at least 10,321 worth of ETH in protocol rewards to creators, according to a Dune dashboard by J.Hackworth. Also of note: Pudgy Penguins is teaming up with Mythical Games to launch “ Pudgy Party ” in 2025, an upcoming AAA multiplayer battle royale mobile game. Devour, a gamified commerce platform, launched DevourPlay. The platform allows users to play popular games while ordering food directly in-game from US restaurants and earning digital asset rewards. Devourplay has integrated crypto payments via Coinbase Commerce and also features a blockchain-based loyalty program. WineChain, a blockchain-based wine marketplace, announced on Wednesday a partnership with fine wine specialist Alto to bring over 1200 fine wines to its collections. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus. Tags Gaming NFTs Sui Web3 Watch
DWF Labs has withdrawn 156.44 million HMSTR from the exchange in the past hour
On November 9th, in the past hour, DWF Labs has withdrawn approximately 156.44 million HMSTR tokens from the exchange, valued at about $654,000. Market data shows that the price of HMSTR tokens has risen by 60% today.
Crypto Billionaires Michael Saylor And Brian Armstrong, Along With DOGE Fan Elon Musk, See Huge Gains After Trump Victory – More Profits Could Follow
Crypto billionaires including Coinbase CEO Brian Armstrong and MicroStrategy executive Michael Saylor, as well as Dogecoin enthusiast Elon Musk, are among the elites who have benefited the most from Donald Trump’s win yesterday, with many more poised to gain in future Musk, who was one of Trump’s biggest financial backers, reportedly saw his net worth jump over 7.5%, or $20 billion, in one day to reach about $286 billion. Meanwhile, Coinbase shares surged 31% in the 24 hours after Trump’s election win, boosting Armstrong’s net worth by some $2.6 billion to about $11 billion. Coinbase is the leading US crypto exchange platform, and stands to benefit from a potential tsunami-like surge in trading activity if Trump delivers on his promise to make the US the crypto capital of the world. Saylor, who has led his company’s aggressive accumulation of the largest crypto by market cap, also saw impressive gains in the last 24 hours after BTC set a new all-time high. Saylor gained about $600 million to bring his net worth to about $6.6 billion after MSTR surged 13% to match its yearly high of $258. As the largest corporate Bitcoin holder, MicroStrategy and Saylor could be perfectly positioned for a Trump presidency bull market. Polymarket Whales Gain Millions After Trump Victory, While Fidelity Leads Spot BTC ETF Inflows Crypto whales also made millions of dollars betting on Trump on Polymarket. The biggest account on the platform, known as “Theo4,” earned more than $20.4 million in profits, according to a Nov. 6 X post from Lookonchain. Other whales under the accounts “Fredi9999” and “zxgngl” achieved $15.6 million and $11 million in profit, respectively. US spot Bitcoin ETFs (exchange-traded funds) also benefited from the Trump win. After recording $116.8 million net outflows on Nov. 5, the funds bounced back with $621.9 million inflows yesterday. Fidelity’s FBTC attracted the most capital, with $308.8 million entering its reserves. BlackRock’s IBIT was the only fund to record outflows of $69.1 million yesterday. Although IBIT’s reserves took a slight knock, the fund stands as one of the spot Bitcoin ETFs to gain the most from the Trump win as institutional investors have already shown preference towards the asset management titan’s fund. Major Crypto Players Stand To Gain From A Change In US Regulations Crypto companies operating in the US have been at the mercy of the Securities and Exchange Commission (SEC), which has employed an aggressive regulation-by-enforcement approach to regulate the nation’s digital asset sector. Eager to change the regulatory landscape in the US, big players including Ripple Labs and Gemini’s co-founders, the Winklevoss twins, donated millions of dollars to political action committees backing pro-crypto politicians and candidates. These industry leaders are well positioned to gain after Trump vowed to bring a friendlier regulatory environment for the crypto industry. Ripple Labs might also finally be able to bring an end to its drawn out battle with the securities regulator, and achieve clarity regarding the security status of its XRP token. Overall, the Trump presidency promises to be a catalyst for positive change for the crypto industry that potentially raises all boats. An improved regulatory environment will encourage start-ups and likely attract more institutional interest, which could have a knock-on effect on crypto prices. Related Articles: BlackRock’s Bitcoin ETF Surpasses Berkshire, Visa, Netflix Volumes As Trump Election Victory Triggers A Buying Frenzy Hamster Kombat User Base Plummets 86% Amid Competition From Paws And Political Backlash As HMSTR Token Slumps Dogecoin Price Prediction: DOGE Plunges 7% As Experts Say Consider This Innovative Staking Meme Coin For 100X Gains
Telegram is becoming a one-stop app like China’s WeChat — Bitget CEO
Telegram and the separate, decentralized Open Network have the potential to elevate the messaging platform into an all-encompassing application that includes social media, payments, finance, entertainment, gaming, and communication capabilities — much like China's popular WeChat app. According to Gracy Chen, the CEO of exchange and wallet provider Bitget, Telegram's symbiotic relationship with the independent Open Network and its crypto trading features distinguishes the application from competitors and positions it for massive growth. The CEO told Cointelegraph: "I think the crypto adoption is definitely something that makes telegram stand out among other social media, and that's indeed one of the reasons we want to be closer to The Open Network ecosystem." The Bitget CEO also cited the meteoric adoption of Telegram in emerging market economies — particularly among young people in Africa as further evidence of the application's potential to become an everything app used by billions of individuals. Age distribution of Telegram users. Source: Bitget Related: Bitget wallet on Telegram hits 6 million users 3 days after launch Telegram in emerging economies Chen explained that Nigeria and Egypt boast the most significant Telegram adoption among African countries. The CEO revealed that in Nigeria, approximately 54% of individuals adults aged 16-64 were Telegram users. Egypt followed closely behind Nigeria at 53% penetration, according to Chen. Chen told Cointelegraph that Telegram's high adoption rate in African countries was at least partially driven by Telegram's tap-to-earn mini-games, which have become a focal point of the Telegram ecosystem. However, the CEO argued "I don't think that's sustainable. It's more of a short-term effect," and told Cointelegraph that WeChat took a similar approach during its early days to attract and onboard users — who slowly moved away from playing the mini-games but continued to use the messaging application's financial functions and other core features. Age distribution of crypto users. Source: Bitget The Bitget CEO's assertion is corroborated by the sharp decline of Hamster Kombat players. As of November 5, 2024, the popular Telegram tap-to-earn game lost 86% of its player base after the game's popularity peaked in July 2024 at over 300 million users. In October 2024, crypto trading firm and liquidity provider GSR released a report highlighting The Open Network's potential to drive mainstream adoption of crypto and decentralized finance. Researchers for GSR likewise argued that the interplay between The Open Network and the Telegram messaging app provides a compelling avenue to onboard the general population to the digital asset ecosystem. Magazine: We took an ETHSafari to see how crypto is working out in Africa
⚡️Hamster News | November 7⚡️
⚡️Hamster News | November 7⚡️ • Bitcoin rises above $75,000 post US election • Polymarket’s French trader makes $48 million on bets • SEC's Gary Gensler might resign after Trump's win: analysts • Arkham Research launches crypto exchange and many more 🚀 Watch every video closely to get clues that you can use later
Hamster Kombat’s User Base Plummets by 86% Amid Declining Popularity
Hamster Kombat, once a popular game on Telegram, has seen a huge drop in players. In August, it had 300 million users, but now only 41 million people play the game, a decrease of 86%. At the same time, a new game called Paws has quickly gained popularity. It reached 20.5 million users in just eight days, growing faster than Hamster Kombat did. The number of active players in Hamster Kombat has also dropped. In late September, the game had around 772,000 active players, but that number has since fallen by more than a third. The price of Hamster Kombat’s token, HMSTR, has also dropped significantly, losing almost 70% of its value since late September. This reflects the drop in user activity and interest in the game. READ MORE: Could Ethereum Follow Amazon’s Path to Dominance? Other Telegram games, like the Dogs token, are facing similar declines. The value and activity for those tokens have also dropped in recent months. Hamster Kombat has faced some negative attention, including criticism from the Iranian government and rumors of being banned in Uzbekistan, though those rumors were false. Despite this, the team behind the game plans to add new features, like NFTs and a payment system. In contrast, the new Paws game is growing quickly. It reached 10 million connected wallets and 1 million followers on social media within just a few days. Source
Dogecoin Blows Past $0.20: Is the Multi-Year Downtrend Over?
DOGE picks up gigantic trading volumes on Spot & Derivatives. Dogecoin’s price action went parabolic upon Donald Trump’s win. Fibonacci milestone raises odds for a new Dogecoin all-time peak. The top dog crypto, Dogecoin (DOGE), is leading the broader crypto market race on Wednesday. Dogecoin’s price registered the strongest gains among the top 10 cryptos by global market cap, rising by 16.9% in 24 hours. DOGE Network Activity Goes Through The Wall Dogecoin danced with the bulls after Elon Musk’s continuous endorsement of the Department of Government Efficiency (DOGE), which was highly supported by the crypto community behind the meme coin of the same abbreviation. The canine coin sparked a 79% rally in 30 days, paving the way to reclaim the yearly peak of $0.225, set half a year ago. Sponsored Cheering the Republican candidate Donald Trump’s win, the DOGE Army shared joyful memes during the double-digit price rally. This rally led to an enormous trading volume of $13.5 billion in the latest 24-hour period. Elon Musk's first day at the Department of Government Efficiency pic.twitter.com/ZUO6eXWz6v — 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐲𝐩𝐞 (@EffMktHype) November 6, 2024 With globally skyrocketing trading activity on Spot, DOGE fetched a larger 24-hour trading volume than Shiba Inu (SHIB), Ripple (XRP), and Pepe (PEPE) combined. Additionally, the extremely high trading volume on Derivatives markets served Dogecoin $23.81B in volume and $1.66B in unsettled plays. Dogecoin Breaks Historical 0.50 Fibonacci Level DOGE’s price movement has concluded a multi-year downward trend and surpassed the 0.50 Fibonacci Retracement level. In the chart below, Fibonacci level 1 nearly coincides with Dogecoin’s all-time high of $0.73. Analyst Ali Martinez argued that a historical pattern shows Dogecoin typically breaching 1.618 Fibonacci levels in the bull cycle, given that DOGE claimed at least the current 0.50 Fibonacci level at $0.20. “If history repeats, we could see #DOGE hit somewhere between $4 and $23!” the veteran crypto analyst predicted. With @elonmusk now influencing the 47th President, @realDonaldTrump , #Dogecoin could be primed for a wild ride! In past bull cycles, once $DOGE broke the 0.50 Fib retracement, it often rallied to the 1.618 or even 2.272 Fib levels. If history repeats, we could see #DOGE hit… pic.twitter.com/VEWXZ0NYOd — Ali (@ali_charts) November 6, 2024 Other crypto analysts painted a similarly bright picture, like the Crypto Crow declaring, “We won’t stop at $1, mark my words”. Along with the social buzz, the meme coin’s price growth is partly ascribed to the rising DOGE whale activity, as daily large transactions grew by 2.69%, according to blockchain analytics platform IntoTheBlock. The #8 ranked Proof of Work (PoW) blockchain’s native cryptocurrency trades at $0.1978, soaring by 173% on a year-to-date basis. On the Flipside On Derivatives markets, Dogecoin’s double-digit bull session saw similar liquidations on both sides. Out of $59.84 million leveraged position liquidations, over $28 million were long leveraged plays on DOGE. Why This Matters Dogecoin is currently the most utilized blockchain by trading volume aside from Bitcoin and Ethereum. Discover DailyCoin’s top crypto news: DailyCoin Bitcoin Regular: Strong Signals for a $100K Bitcoin Rally Is Hamster Kombat Hype Over? Token Sinks as Users Abandon Game
Hamster Kombat user count drops from 300 million to 41 million in a month
Once a popular crypto game based on Telegram Hamster Kombat has lost almost 260 million active users in a month, with its player base shrinking from 300 million to 41 million. At the same time, token HMSTR has fallen 76% from its launch price of $0,009993, hitting a low of $0,002392. HMSTR Token Rate The clicker game Hamster Kombat appeared in March 2024 and quickly became popular. Its user base increased by 4-5 million daily and grew to 300 million in five months. At one time, the CEO Telegram Pavel Durov called Hamster Kombat "the fastest growing digital service in the world." However, the excitement around the game quickly died down. Users did not like the poor quality of graphics and the monotonous actions that had to be performed. The distribution of HMSTR tokens caused even greater disappointment. The developers postponed it several times airdrop , and when it finally took place (September 24, 2024), the players’ expectations were not met. Instead of the promised life-changing payouts, users received a measly $1-4, the head of asset manager Vanguard wrote at the time. Even governments of a number of countries are unhappy with Hamster Kombat. For example, the Deputy Minister of Defense of Iran named the game "a soft tool" that Western powers use to undermine the government's authority and distract people from elections. Russian State Duma Chairman Vyacheslav Volodin called Hamster Kombat a scam and called for the game to be banned.
Pavel Durov announced the appearance of 10 new functions in Telegram
The founder and mastermind of the messenger Telegram Pavel Durov said , that the platform will soon have 10 new features for developers of "mini-apps". With their help, it will be possible to create many new applications and games. In particular, new features will include shortcuts on the home screen, sharing media files, increased limits on sending messages and sending gifts. In addition, developers will be able to take advantage of subscription plans, gain access to geolocation and emoji status, have information about the orientation of the device, and so on. According to Pavel Durov, the new features will be launched within a few weeks, and some of them, such as monetization of advertising content and expanded limits on sending messages, are already fully functional. The platform appears to be trying to attract new users and developers after a decline in interest in clicker games, including Hamster Combat, which lost most of its audience in a few months. How popular the new 10 functions will be among the developers of "mini-apps" will become known by the end of this year. Perhaps, thanks to them, the messenger will be able to increase its audience several times.
How High Can the Memecoin Market Go? ArkStream Capital Forecasts
Memecoins reach 2.58% crypto market cap. Venture capitalists are becoming interested. Despite this, only a small fraction of memecoins succeed. Memecoins have long been seen as a joke investment, mostly attracting retail investors. Despite this, the sector has seen unprecedented growth. The potential for high returns, despite the risks, is now attracting even venture capitalists. Sponsored In recent years, memecoins have grown significantly as a percentage of the total crypto market cap. At the same time, their liquidity is almost double that of the decentralized finance (DeFi) sector. This has prompted research into just how high can they go. Memecoin Market’s Rapid Rise Memecoins are starting to become serious business. According to a recent report by ArkStream Capital , memecoins significantly increased their market cap and liquidity. For one, memecoins now make up a 2.58% share of the overall crypto market cap. This is a significant increase from the 0.87% in 2022. Source: X At the same time, memecoin liquidity is more than double that of DeFi. The daily turnover rate is at 11%, twice as high as DeFi’s 5% and Layer 1’s 4%. These high volumes suggest high user engagement, meaning that users are constantly buying and selling tokens. This high engagement also boosted venture capital interest, despite the inherent risks. Notably, the potential for significant returns is balanced out with the inherent volatility of memecoins. In particular, the report points out that only 2% of memecoins attain success. How Big Can Memecoins Get? While most memecoins fail, the sector continues to grow. This prompted ArkStream Capital to try and predict how high they could go. The analytics firm suggested that the memecoin market cap share could reach 3.54% by 2025 and potentially 7.81% by 2030. It is worth pointing out that these models are based on linear regression, which is not a reliable tool for prediction. In particular, linear regression models assume that trends will continue at the same rate, which is never the case. Memecoins are bound to reach maturity at some point when their share of the crypto market stabilizes. When this will happen is impossible to know, but memecoin traders certainly think the trends will continue. On the Flipside Solana memecoin launchpad, Pump.fun has made it easier than ever to launch tokens. This has lowered the barriers to entry and brought an explosion of new tokens. Memecoin traders highlight the community aspect of trading. Traders are not just looking for profit, but also for fun, engagement and connection with others. This could explain a part of the memecoin appeal. Why This Matters Memecoins offer both opportunities and risks, which is why venture capital is starting to take note. Its community aspect also makes it an asset class with a unique appeal to retail investors. Read more about memecoins: Wiz Khalifa’s Memecoin Flash Crashes Post Launch: A Hack or Scam? Read more about crypto clicker apps: Is Hamster Kombat Hype Over? Token Sinks as Users Abandon Game
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