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The buzz surrounding the new tap-to-earn phenomenon Hamster Kombat is reaching a fever pitch as it nears its token launch.
$HMSTR is expected to launch on exchanges by the end of June while the airdrop for players is scheduled for July 2024. The exact dates are yet to be announced.
Several tier-1 exchanges – including Bitget, Gate.io and KuCoin – have already enabled pre-market trading for Hamster Kombat.
Following the remarkable success of Notcoin, there is significant optimism regarding HMSTR’s long-term upside. Indeed, NOT has already rallied by over 3400% since its launch and has a market capitalization of over $1.5 billion. Experts expect Hamster Kombat to follow in its footsteps.
What is Hamster Kombat?
Hamster Kombat was initially launched as a tap-to-earn game on Telegram, inspired by the massive popularity of Notcoin’s clicker game.
Every participant – represented by a hamster – owns a make-believe crypto exchange. Players can task their hamsters to complete daily quests and earn free HMSTR coins for it. The entire gameplay involves 10 levels and a wide variety of activities such as mining, boating energy, etc.
However, the overall concept remains simple – players will receive coins for simply tapping on the screen.
As is the age-old mantra in the gaming industry, the simpler the game, the more popular it becomes. As per the latest information available, Hamster Kombat has close to 150 million users. Its Telegram channel – Hamster Kombat Announcement – has close to 41 million subscribers and is officially the largest Telegram group ever.
The project’s growth even put MrBeast to shame, with its YouTube channel gaining over 25 million subscribers in less than a month.
Hamster Kombat Price Prediction – How High Can It Go?
It is hard to gauge Hamster Kombat’s exact upside potential, considering that the token has not yet been launched. However, an educated guess can be made by analyzing its widespread popularity and the growth of its predecessor, Notcoin.
For instance, the Notcoin price displayed parabolic growth immediately following its launch.
There is no indication to show that HMSTR cannot replicate NOT’s post-launch performance. In fact, it may even outperform its predecessor as investors who missed out on Notcoin would likely FOMO buy the HMSTR token immediately after its launch.
Once the airdrop campaign starts, a substantial pullback can be expected. Airdrop recipients may look to cash out their gains, resulting in a trend of profit-taking. Depending upon its valuation, HMSTR may also face a downturn due to the current bearish broader market conditions.
However, the selling pressure on HMSTR should be short-lived. For one, the cryptocurrency market is on the verge of a massive bull run, which is expected to be dominated by altcoins. Considering its strong following, Hamster Kombat could be one of the top-performing tokes during the altcoin rally.
Considering that experts are extremely bullish on Notcoin in the long run – with some even expecting it to reach $80 billion evaluation – there is a significant possibility that Hamster Kombat peaks at $50 billion in this bull cycle.
Can PlayDoge be the Next Hamster Kombat?
Notcoin and Hamster Kombat’s success has kickstarted a new meta in the crypto industry. GameFi has always been a high-potential sector. However, projects are now launching simple, beginner-friendly games that can gain massive popularity.
For instance, PlayDoge combines the iconic Doge character with the nostalgia of Tamagotchi. Players now get to have Doge as their own virtual pet and complete daily tasks such as feeding, training and playing with it.
Those completing a series of classic 2D games will have an added incentive of earning free crypto. Additionally, players ranking high on the leaderboard – which will keep track of their experience points – will also get bonus $PLAY rewards.
If that isn’t enough, investors can simply choose to stake their holdings and earn attractive passive income, both on Ethereum and BNB Smart Chain.
Unsurprisingly, the play-to-earn meme coin is off to a strong start in its presale, raising close to $5 million in just over three weeks. Once the Hamster Kombat euphoria peaks, the demand for PlayDoge is only expected to go higher.
Consequently, smart money traders and crypto influencers are bullish on $PLAY, with some hinting at the possibility of 100x gains.
*Cryptonomist did not write the article or test the platform.
