Red alert for Hamster Kombat as Avacoin, Notcoin and Pixelverse tokens crash after airdrop

The performance of popular Telegram tap-to-earn tokens such as Avacoin, Pixelverse and Notcoin is a warning to Hamster Kombat.

Hamster Kombat reaches 300 million users

Through his embraceDue to its popularity, the launch of the Hamster Kombat token is one of the most highly anticipated events in the crypto industry, although the timeline for an airdrop is uncertain.

Data shows that the platform has over 300 million users worldwide and 50 million daily active users. Their YouTube channel has gained over 35 million subscribers, while their other social media platforms have millions of users.

Hamster Kombat has overtaken other popular players in the blockchain industry, such as Pi Network, which had over 50 million users at its peak. Many HMSTR holders are looking forward to the token listing, which will allow them to liquidate or HODL their tokens.

Notcoin, Avacoin and Pixelverse have fallen

Recent data shows that other popular tap-to-earn tokens are not doing well after listing.

Notcoin (NOT), which was listed in May, has fallen 55.8% to $0.012. Its market cap has dropped from over $2.5 billion to $1.32 billion, even after recent moves to expand its ecosystem.

Likewise, the Pixelverse token (PIXFI) has fallen to $0.030, a 70% drop from its high this month, causing its market cap to plummet to $160 million.

Avacoin (AVCN), the newest tap-to-earn token, has also not performed well. According to Bitget, the token opened at $0.002 on Tuesday and traded at $0.00091 during the day.

Avacoin, Notcoin, and Pixelverse are similar projects to Hamster Kombat where users can earn tokens by completing simple tasks. In addition to regular tapping, users can earn more tokens by completing tasks like watching YouTube videos and following social media accounts.

Therefore, the price action of these coins is a warning shot for Hamster Kombat, suggesting that their price may also drop after their airdrops. According to the new whitepaper, Hamster Kombat users will receive 60% of the airdrop tokens, with the rest going to market liquidity, partnerships, and grants.

The developers hope to learn from other play-to-earn platforms like Decentraland (MANA), Sandbox (SAND), and Axie Infinity (AXS). These games have seen little activity in recent years and their tokens have plummeted.

Hamster Kombat is attempting to solve this challenge by launching regular seasons where users can earn tokens, but there is still a risk that current HMSTR holders will dump tokens after the airdrop and push the price down.