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Hamster Kombat plunges 51% since launch, raising questions about its future. Meanwhile, Memebet token looks set to be the next big opportunity.
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Hamster Kombat has failed to live up to expectations, crashing 51% since its launch. Will this popular gaming token recoup, or do new projects like Memebet token present a better opportunity?
Traders abort HMSTR sinking ship after airdrop flop
Millions were left disappointed by the HMSTR launch. The “tap-to-earn” sensation drew north of 300 million users on the promise of lucrative rewards by churning out hours of playing a “Hamster CEO” game.
After months of delays, they finally launched the HMSTR token via an airdrop this week.
However, the first disappointment came when the team revealed 131 million users were eligible, marking just 43% of its user base. It also said 2.3 million users were disqualified for cheating.
And it didn’t stop there. Since the launch, HMSTR has fallen in price by 51%.
Traders continue to sell their tokens for whatever they can get, even if it means locking in $3 for endless hours of grinding away.
Indeed, the Hamster Kombat airdrop was a flop – but can the HMSTR token price recover?
Ultimately, top analysts have veered away from the project, likely not wanting to associate their reputation with a “falling knife.”
However, some smaller analysts have offered predictions, attempting to call the bottom on HMSTR’s price chart.
Alpha Crypto Signal says $0.004 – $0.0053 is a buy zone. He references OKX’s premarket data and says that was a strong support level. Currently, HMSTR is at the center of that zone, priced at $0.0046.
Based on the analysts’ forecast, this would be a good opportunity to buy.
However, the airdrop was underwhelming, and millions of disgruntled winners are now looking to exit their positions and take some profits.
While some will sell as the price crashes, others will await a relief rally to generate more returns. This equates to significant sell pressure in every direction, limiting the HMSTR upside.
The disappointing launch of HMSTR underscores the major flaw in the project’s Play-to-Earn model – the ecosystem was filled with users who were there to extract value without contributing.
Is there another gaming model that fixes this? Memebet may be the answer. It’s a new presale building the world’s first meme coin casino.
Unlike Play-to-Earn, the crypto casino model has proved highly lucrative and generates sustainable long-term demand.
Memebet casino will let users wager top memecoins
Memebet token is early in its presale, allowing market participants to contribute at the lowest possible price.
The project will be the first-ever memecoin casino, allowing users to wager Dogecoin, Shiba Inu, Pepe, and more.
Thousands of casino games and sportsbook events are on offer, and the team will stimulate adoption with huge community rewards.
This includes airdrops, casino bonuses, a VIP community group, cash prizes, NFTs, signed Messi Argentina shirts, and more.
However, the big difference between Memebet and a project like Hamster Kombat is that Memebet operates on a legitimate business model.
The leading crypto casino, Rollbit, has generated $1 million in revenue in the past 24 hours. Now, Memebet Casino brings this profitable formula to the $50 billion meme coin market.
It’s a concept that appeals to degens and smart money traders a like.
In a recent analysis, Fred Crypto said that Memebet token will 50x in price.
He underscored the positive outlook for the crypto market in the coming months, saying it is “about to explode,” which will allow small projects like MEMEBET to generate significant returns.
The Memebet token is available at a huge discount.
It’s currently priced at $0.0255, but this will rise throughout the presale, with the next increase in one day.
For more information, visit the Memebet token presale website or join the community on X and Telegram.
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This article first appeared at crypto.news
