Hamster Kombat (HMSTR) Sees 17% Price Increase Driven by New Challenges
Hamster Kombat (HMSTR) Overview
Hamster Kombat, a Telegram-based crypto game, has increased by 17.19% over the past week and 3.36% in the last 24 hours despite a broader market decline. This growth is attributed to new daily Morse code challenges where players can win up to 1 million HMSTR tokens.
- The game has attracted over 200 million players since March 2024.
- Players decode daily ciphers using Morse code, enhancing user engagement.
- The latest challenge revealed the word "STONKS" with specific Morse code inputs.
HMSTR Token Price Analysis
HMSTR is currently trading at $0.002235, with a market cap of $143.96 million, ranked 256th on CoinMarketCap. The Relative Strength Index (RSI) indicates the token is nearing overbought territory. Key price levels include:
- Resistance: $0.0025
- Potential retracement level: $0.0018
Launch of Hamster Network
In February, Hamster Kombat launched Hamster Network, a Layer-2 blockchain on the TON network aimed at improving transaction speeds and reducing fees. It includes features like a wallet, bridge, and decentralized exchange to enhance utility for HMSTR.