While players await its new Hamster Kombat (HMSTR) season, the token behind the Play-to-Earn (P2E) game hits a new low. The HSMTR, minted on The Open Network (TON), hit a new all-time low price of $0.0025 this weekend.
Current Outlook of Hamster Kombat
According to market data, the token is trading at $0.002629. This marks an 11% dip in HMSTR price over the past week.
While the digital currency is 3.21% down at present, it underscores the sustained drop in the token for a few days now. In the past month, HMSTR has dropped by 44.22%. This is a sharp fall for the token, which launched and had its airdrop on September 26.
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Ultimately, the current price level is 74% down from its peak price of $0.01004. This price action resembles other rival tokens in the Telegram-based gaming ecosystem.
Catizen (CATI) has decreased by 71% compared to its peak price. Similarly, Notcoin (NOT) has lost about 78% of its value, marking a notable plunge for the token. The Notcoin implosion is resounding, considering its market cap hit $3 billion five months ago.
Exactly a month ago, HMSTR dropped by 55% after its launch, reflecting larger turmoil in the gaming industry. Amidst the price plunge, the coin’s trading volume is spiking, having increased by up to 8.86% in the last 24 hours. Per the trend, this volume is likely fueled by investors selling their assets.
On the flip side, this sentiment suggests continued engagement from traders and investors who still believe in HMSTR’s future potential. Still, HMSTR would need more than this hike in trading volume to trigger the rebound in its price.
What Can Revive HMSTR Price?
Hamster Kombat will have a second airdrop in the Summer of 2025, following a second full season of gameplay.
The second airdrop will allow players to take over a hamster-run game development studio as they design games with tap-to-earn gameplay. Notably, the first airdrop disappointed many of its players.
As such, the success of the upcoming airdrop may give the HMSTR price the much-needed push. It may even move past its peak price established on September 26.
TON Ecosystem Tap-2-Earn Games – Overview
Generally, the coins in the TON ecosystem have had a gloomy cloud over them these past few weeks. Even Toncoin is currently at a critical support level, casting doubts about a potential upsurge.
Noteworthy, this current dynamics in TON’s price comes amid the announcement of a Telegram Growth Hub. This Telegram growth hub is expected to boost the TON ecosystem, fueling the TON price.
This may also be good news for the other cryptocurrencies in the TON ecosystem. There are already some price predictions for TON that can revive investor optimism in the mid to long term.
As reported by The Coin Republic, experts’ opinions differ. Some think the price will rise to $8 in the near future, while others propose $5.71 and $10 as resistance levels.
It is worth noting that breaching both resistance levels will impact the price’s future movement. TON is currently trading at $4.88, down by 0.66% in 24 hours.
