- The token was trading at $0.1740 in the futures market
- Hamster Kombat's futures dropped due to an expedited sell-off in the futures market
- Hamster Kombat project appears to have peaked
The price of Hamster Kombat futures has declined by 45%. At the time of this writing, it was trading at $0.1740 in the futures market.
The decline comes as investors’ interest in the token wanes amid the delay in the airdrop distribution.
According to expert analysis, the price of Hamster Kombat's futures dropped due to an expedited sell-off in the futures market.
Nonetheless, players of the web3 game, Hamster Kombat, should not freak out because the price of Hamster Tokens at the time of the airdrop is not significantly impacted by the performance of the pre-market futures.
Only OKX offers Hamster Kombat futures, and very few transactions occur in this market.
If the airdrop occurs at this time, there is a chance that the Hamster Kombat tokens will drop because altcoins are currently experiencing a bear market.
In addition, every Tap to Earn project that was recently listed has seen a double-digit decline in token prices. This pattern foretells what might occur to Hamster Kombat upon the drop of its airdrop.
The Hamster Kombat project appears to have peaked, and related activities have come to a standstill. For example, the growth of the platform's YouTube channel has stopped. On August 16, the total number of subscribers reached 35 million, up from over 30 million in just one month.
With 300 million users, Hamster Kombat claims to have a large user base. One of its biggest challenges will be keeping users interested when the airdrop begins, since most players will probably sell off their hamster tokens at that point.
Ghana sets new rules for crypto exchanges
Meanwhile, TheRadar earlier reported that the Bank of Ghana (BoG) has unveiled proposed new regulations for cryptocurrencies, crypto exchanges and other digital assets in the country.
The bank announced the new draft on August 16, stating that it was open to receiving feedback from the public, industry stakeholders and crypto enthusiasts to fine-tune it before unveiling the entire regulation.
The draft came after the bank spent about three years reviewing Bitcoin, stablecoin USDT and other cryptocurrencies.
The bank said the data it collected during the review period indicated an increased interest in cryptocurrencies and digital assets. Hence, the expected regulation is meant to protect the country and its citizens against risks in crypto, including money laundering, terrorism financing and fraud.
