Hamster Kombat and Catizen Coin Prices Drop 50%

Bittime - Two popular games, Hamster Kombat and Catizen, which were once a hot topic of conversation among crypto fans, are now facing big challenges after the launch of their tokens. This phenomenon is an interesting reflection of the tumultuous dynamics of the crypto market, especially in the gaming sector.

Both tokens from the Telegram game dropped dramatically in price. In fact, it reached more than 50% of its peak. Check out the full review in this article.

Hamster Kombat and Catizen Token Prices Drop

Hamster Kombat, which has managed to attract around 300 million players through its Telegram mini application in the last few months. They launched their HMSTR token last Thursday. 

However, the reception received was not entirely positive. Of the 129 million players eligible to claim tokens, many complained the allocation they received was "digital dust" - much smaller than they expected.

Also read: Tokenomics Koin FTON: 10% untuk Play-To-Earn!

Catizen experienced a similar fate with its CATI token. Launched on September 20, this token also experienced a drastic decline, even worse than HMSTR. To date, CATI has plunged 58% from its peak price, with a drop of 18% in one day.

Let's look at the numbers in more detail:

1. HMSTR (Hamster Kombat):

• Current price: $0.0047 (approx. Rp. 72)
• Drop from peak: 53%
• Peak price: around $0.01 (Rp. 152)

2. HOW MANY (Catizen):

• Current price: $0.47 (approx. Rp. 7,144)
• Drop from peak: 58%
• Peak price: $1.11 (around Rp. 16,872)

This decline is not an isolated phenomenon. Even Notcoin (NOT), one of the biggest gaming tokens this year, has seen a decline of nearly 74% from its peak value last June.

HMSTR and CATI Volatility

Volatility is nothing new in the crypto world, especially for newly launched tokens. However, gaming tokens tend to experience more extreme fluctuations, similar to the movements of meme coins. This may reflect the youth of the crypto gaming ecosystem or a lack of investor confidence in the durability of these games.

Crypto games on Telegram have succeeded in attracting millions of players with the promise of free money. However, the real challenge is proving that they have long-term value beyond the moment of the airdrop. 

Also read: GALACoin Daily Combo 02 October: Now Available!

Both Hamster Kombat and Catizen have announced ambitious plans for the future, including the launch of new games and additional token reward offers. However, at least for now, their token prices are still continuing to decline.

This phenomenon provides valuable lessons for investors and players in the crypto gaming industry. Even though it promises fast profits, investing in this sector still requires caution and a deep understanding of market dynamics. 

For game developers, the challenge is to create engaging and sustainable gaming experiences, not just rely on token hype.

Meanwhile, regulators in various countries are starting to take this phenomenon more seriously. The potential for huge losses retail investors face in these extreme market fluctuations could spark further discussion about regulation in the crypto gaming sector.

Observers are still optimistic that HMSTR and CATI can rise

However, many industry observers remain optimistic. They argue that this phase of volatility is a normal part of the evolution of a young market. Over time, they believe more mature and sustainable business and game models will emerge.

For those of you interested in diving into the world of crypto gaming, it is important to do in-depth research and only invest an amount that you are prepared to lose. Remember that behind the potential for big profits, there is always a commensurate risk.

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