The price of Hamster Kombat (HMSTR) has experienced a significant decline following the loss of momentum in its tap-to-earn model. The token, once highly popular, now trades at $0.001790 after plummeting over 87% from its all-time high. Market capitalization has fallen to just $116 million as other tap-to-earn assets like Notcoin (NOT), Catizen (CATI), and DOGS (DOGS) also face steep price drops, even the recently airdropped Tapswap token has plunged by nearly 100%. This decline is attributed to selling pressure from holders who received HMSTR tokens during a previous airdrop. The number of users has shrunk from over 300 million at its peak to under 12 million today. To combat this, the developers have launched a layer-2 network on the TON blockchain, aiming to enhance transaction speeds and lower costs. The new network is designed to attract game developers and expand the ecosystem, leveraging the Ton Virtual Machine for proof-of-record transactions posted on the TON blockchain. However, Hamster Kombat faces challenges attracting more developers to the TON Blockchain as it struggles with limited DEX functionality and a dwindling user base. The team is banking on Season 2’s introduction of HamsterVerse, a new gaming experience aimed at reigniting user engagement. Despite these challenges, HMSTR shows potential for a significant price rally. A breakout from its current falling wedge pattern, characterized by lower lows and highs, could send prices soaring up to $0.0064, representing a potential 265% increase from its current price.