HMST Announces DAO, But Can It Benefit Hamster Coin Price?

• Hamster Kombat is exploring the introduction of a DAO to give its community more influence and control.
• The Telegram-based game aims to create a decentralized ecosystem that encourages widespread member involvement.
• With growing interest starting to slow, the DAO is expected to significantly boost the platform’s growth and engagement.

Hamster Kombat (HMSTR), a popular Telegram-based crypto game that gained widespread attention earlier this year amid the meme coin boom. Now it has announced the launch of a new phase: a DAO. This marks the introduction of a decentralized autonomous organization (DAO), adding a new layer of utility to the game.

The game’s rise to fame coincided with the surge in popularity of Tap-2-Earn (T2E) games on Telegram, and it has remained a trending topic ever since. Recently, Hamster Kombat revealed on social media platform X (formerly Twitter) that the DAO will empower HMSTR token holders.

As it will provide the ability to vote on proposals and actively participate in the governance of the project. This shift will give the community a direct role in shaping the future of the game and its ecosystem.

While details about the DAO are still limited, this move is seen as a strategy to reignite investor interest in the project and to increase Hamster coin price. Moreover, this announcement comes amid the recent sharp drop in Hamster coin price.

Continue to read for more insights to this article of Hamster crypto.

Hamster Kombat Token? Here’s What You Can Expect

Previously, the Hamster Kombat had promised life-changing Hamster coin price returns to its holders but has so far failed to deliver on that commitment. Subsequently, X chatter showed many players pledged to skip Season 2, set for Summer 2025.

This growing disillusionment has led to a noticeable decline in interest in the game. Data from Google Trends shows a clear decrease in hype around the project.

The introduction of the DAO could be Hamster Kombat’s opportunity to revitalize its ecosystem.

Despite disappointment within the digital asset community, which accuses the game’s operators of scamming users, there remains a chance for the project to redeem itself. Initially, players were told they would receive a significant token allocation. However, upon launch, they received only a small portion of the tokens.

In countries like Nigeria, players were paid just $1 to $4 worth of HMSTR tokens for months of participation, according to the previous HMSTR price. This was a pattern mirrored in other regions as well. Given these discrepancies, the sharp decline in Hamster coin price was unsurprising. However, the next following months would decide how the token could do in its value improvement.

Can This New Development Revive Hamster Coin Price From its Historic Lows?

Hamster Kombat debuted earlier this year after facing significant criticism from the community due to delays in the project’s release. Many players were frustrated when the HMSTR airdrop took place, as the allocation they received was much smaller than expected.

Despite the initial backlash, the HMSTR price reached an all-time high (ATH) of $0.01414 following its launch in September.

But, sell off came eventually and was intense. Since its all-time high (ATH), Hamster coin price has plummeted by 84%.

However, after the post-election period, the token has managed to limit its decline to 75%, currently trading at $0.003470. Compared to November, when it hit its all-time low (ATL) of $0.002254, the token’s present value marks a modest recovery. This reflects a 54% increase over the past 30 days

Analyzing daily price data from TradingView reveals the series of downturns Hamster coin has weathered in recent months. The token’s RSI is currently at 41.63, slightly below 40, reflecting overall bearishness. This suggests the possibility of a future price rebound.

The money flow is also increasing as CMF now stands at 0.15 above the zero line. While AO and MACD histogram shows no confirmed bullish signs. So one must wait for clarity by DYOR, and avoiding FOMO.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.