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Layer-2 launch doesn't lift Hamster Kombat price

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by Giorgi Kostiuk

a year ago

Hamster Kombat token remains in a tight range despite developers' announcement of a new layer-2 blockchain launch.

Layer-2 Network Launch

Hamster Kombat developers announced a new layer-2 blockchain launch in collaboration with Tycho, as confirmed on X. The network aims to enhance scalability and speed on the TON Blockchain.

I have to become more... One superman once said, and so do we! The Hamster DAO voted in favor of the Hamster Kombat & Tycho partnership to build the baddest blockchain out there! So shall it be!

Background and Context

Despite popularity in gaming and decentralized finance, Hamster Kombat faced challenges post-airdrop, with many holders selling tokens. The number of holders has decreased to 3.8 million. Developers hope the network will bolster HMSTR token utility.

Price Analysis

As of publication, Hamster Kombat token trades at $0.0030, hovering around the 50 and 25 moving averages, indicating low demand. However, a symmetrical triangle pattern suggests potential breakout or breakdown. An upward move could hit $0.003580, while a downward move could test support at $0.0025.

In the future, Hamster Kombat aims to leverage the new network to strengthen token positioning and attract gaming and decentralized finance developers.

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