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Hamster Kombat is Growing: Can it Make You a Crypto Millionaire?

Crispus Nyaga
Crispus Nyaga
Crispus Nyaga
Author:
Crispus Nyaga
Writer
Crispus is a financial analyst with over 9 years in the industry. He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. He is also a passionate trader who operates his family account. Crispus lives in Nairobi with his wife and son.
June 20th, 2024
Editor:
Joseph Alalade
Joseph Alalade
Editor:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.

Hamster Kombat, the popular tap-to-earn platform on Telegram, has continued to gain traction among users as the number of users surged. Its social media users have soared as players wait patiently for the airdrop and token listing.

What is Hamster Kombat?

I wrote about TapSwap on Wednesday and explained how the fast-growing tap-to-earn industry is growing. In just a few weeks, TapSwap has grown from nothing to over 53 million users.

Similarly, Notcoin has accumulated millions of users, while its token has attained a market cap of over $1.55 billion.

Hamster Kombat is another tap-to-earn platform that has gained popularity in the past few months. Unlike TapSwap, which has 53 million users, Hamster Kombat has more than 150 million users worldwide, a number that is growing daily.

Like TapSwap, Hamster Kombat is a tap-to-earn platform that lets you earn tokens by tapping the app’s screen on Telegram. You can tap as many times as possible and earn bonus coins by doing several activities like following its social media applications, selecting the crypto exchange you will use, and inviting friends on social media.

Hamster Kombat’s growth has been spectacular as the number of users and social media followers grew. For example, it has grown the number of X followers to over 8.9 million, making it bigger than other popular play-to-earn platforms like Axie Infinity, Decentraland, and Sandbox. Its Telegram channel has over 40 million subscribers.

Hamster Kombat has grown this much for several reasons. First, the app is extremely easy to use: all you need to do is tap it and earn coins. Second, it is on Telegram, one of the fastest-growing social media platforms with over 900 million users.

Third, it is seen as an easy way to make money in the crypto industry, unlike the more complicated games like Gala and Decentraland.

Can Hamster Kombat make you rich?

The next stage for Hamster Kombat will be the on-chain infrastructure development, which will happen on the Toncoin blockchain. The developers will then implement wallet in-game implementation, launch a token in-game utility, and other features.

As we saw with Notcoin, the other necessary process will be the airdrop, where the token will be listed on exchanges like Binance, OKX, and HTX. Users can now claim their tokens and either liquidate them, stake or hold them for potential gains.

It is unclear when the Hamster Kombat airdrop will happen, but the developers have noted that the listing will depend on numerous parameters, like revenue per hour, not the coin balance.

https://x.com/hamster_kombat/status/1798740666945519781

With Notcoin, the NOT price initially crashed after launch and then soared to a record high within weeks. That made some of the NOT holders substantial sums of money.

Therefore, if Hamster Kombat does the same, there is a likelihood that many people will see some strong returns. However, because of how easy it is to use it, it means that the most beneficiaries will be those who will have accumulated the most tokens.

It is also unclear the listing price and the market cap it will gain when it is listed. By comparing with Notcoin, which has less than 50 million users and a $1.5 billion market cap, we can assume that the Hamster Kombat will be valued at over $3 billion.

Also, judging by history, the Hamster Kombat’s token will likely be highly volatile as we saw with Axie Infinity and Decentraland. At their peak, these were some of the most popular tokens in the industry with multi-billion-dollar valuations. Their prices then crashed and the number of users ultimately faded.

Contributors

Crispus Nyaga
Writer
Crispus is a financial analyst with over 9 years in the industry. He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. He is also a passionate trader who operates his family account. Crispus lives in Nairobi with his wife and son.