The viral Telegram-based crypto game is finally moving ahead with its highly-anticipated token launch and airdrop.
The TGE and airdrop have been scheduled for September 26th after its July launch was postponed due to the complexities of such a large-scale rollout.
Following Notcoin’s enormous success, experts are confident HMSTR will also see substantial growth in the long term. However, they are also expecting short-term fluctuations, owing to the upcoming airdrop as well as broader market uncertainty.
However, smart money investors are already a step ahead. They are stacking low-cap GameFi-themed meme coins such as PlayDoge and Shiba Shootout, which could deliver outsized returns in the Hamster Kombat hype.
Hamster Kombat TGE and Airdrop In September – Will HMSTR Pump After Launch?
The tap-to-earn meta has been the find of 2024 in the crypto market. Thanks to Telegram’s massive fan-following, Notcoin amassed as many as 35 million players before the launch of its native token, NOT.
Unsurprisingly, NOT has been a massive success, reaching a peak market capitalization of over $2.5 billion. Despite the bearish pressure on Notcoin, especially after the arrest of Telegram founder Pavel Durov, it still has a valuation of over $925 million.
Meanwhile, experts believe that Hamster Kombat could be an even greater success than Notcoin. After all, its crypto exchange CEO simulation game has attracted as many as 300 million players cumulatively, including 80 million active players last month in July.
This is substantially larger than Notcoin’s figures.
However, while experts are bullish on HMSTR’s long-term prospects, its short-term price action could see substantial volatility. For one, the Hamster Kombat airdrop is scheduled for September 26th – the same as its token generation event (TGE).
Therefore, the HMSTR price could see significant selling pressure as airdrop participants cash in on their profits. The Notcoin price showed similar behaviour, declining after its airdrop went live on May 16th.
Additionally, the crypto market is in the midst of substantial uncertainty. The Bitcoin price has dropped below the crucial $61k support and could visit the $56k and $50k levels in the coming days.
Meanwhile, the largest altcoin Ethereum is faring even worse, with the ETH/BTC trading pair seeing significant weakness.
Being a large cap token, it would be extremely difficult for Hamster Kombat to stave off the broader bearish sentiment.
Unsurprisingly, smart money investors are already pivoting to low-cap, play-to-earn meme coins that could deliver outsized returns in the HMSTR hype.
Smart Money Investors Buy Shiba Shootout and PlayDoge
Meme coins show a high degree of correlation. Hamster Kombat’s upcoming launch could provide an enormous boost to coins such as Shiba Shootout and PlayDoge.
As such, Shiba Shootout (SHIBASHOOT) is already in high demand, having already raised over $1 million in its ICO. Its combination of the iconic Doge meme with the Wild West theme has caught the attention of meme coin enthusiasts.
However, experts are much more impressed with the attractive perks and cowboy-themed utilities in store for SHIBASHOOT holders.
Following in the footsteps of Notcoin and Hamster Kombat, Shiba Shootout has launched its own play-to-earn game which is already live on the App Store and Google Play. Gamers can engage in thrilling Wild West-themed duels and earn free crypto for it.
Even the non-gamers can earn passive income with Cactus Staking, Lucky Lasso Lottery and Posse rewards.
Unsurprisingly, experts are bullish on its upside potential, with some calling it the next 100x meme coin.
Similarly, another GameFi-based meme coin PlayDoge (PLAY) is going live tomorrow, August 29th at 10 AM UTC.
Thanks to its Tamagotchi-style gameplay, multi-chain staking and strong presale demand, analysts believe that PLAY could offer up to 20x returns to early buyers.
