The cryptocurrency token for the Telegram Mini App Hamster Kombat continues to gain traction, even as the Web3 game recently saw a drop in its user numbers.
On Nov. 14, the Hamster Kombat team reported that daily spot trading volume for its Hamster Kombat (HMSTR) token had reached $1.3 billion, with perpetual trading volume hitting $4 billion.
Onchain tokenholders comparison. Source: Hamster Kombat
According to the Hamster Kombat team, there are currently 11 million tokenholders. “It’s over 239 Yankee Stadiums full of hamsters holding the tokens and believing in its value,” the team wrote in a statement.
Community bullish on Hamster Kombat despite recent user drop
Despite the recent drop in users, community sentiment remains largely positive. Data from CoinMarketCap shows that 73% of the 87,689 voters are bullish on Hamster Kombat, while 27% expressed bearish sentiment.
On Nov. 5, data showed a significant drop in users. Hamster Kombat’s active monthly users had fallen from a peak of 300 million in August to 41 million — a drop of 86%.
Data from IntoTheBlock also showed a decline in active addresses, which peaked at over 700,000 on Sept. 27 but had fallen to just above 20,000 by Nov. 13.
Hamster Kombat active addresses. Source: IntoTheBlock
Meanwhile, the token’s price dropped from an all-time high of $0.01 on Sept. 26 to $0.0022 on Nov. 4. Despite this, HMSTR saw a slight recovery as it pumped to $0.004401 on Nov. 14.
Related: Hamster Kombat Season 2 lets players become CEOs, build game studios
User retention requires social and emotional experiences
At the Binance Blockchain Week held in Dubai on Oct. 30, Cointelegraph asked professionals from The Open Network ecosystem how they approach the challenge of user retention. According to Notcoin co-creator Sasha Plotvinov, retaining users requires creating social and emotional experiences within games.
Telegram Mini Apps and Games panel at the Binance Blockchain Week. Source: Cointelegraph
The executive told Cointelegraph and the Binance Blockchain Week audience that every game or experience they’ve created or helped create had to be a “new thing” for users. Plotvinov added that user retention and engagement require an emotional touch and experience.
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