Hamster Kombat is a Telegram-based tap-to-earn game where players manage a virtual crypto exchange and earn coins. Its native token, HMSTR, will be released via airdrop on Sep 26, 2024.

's popularity surge has put a spotlight on the tap-to-earn variety of play-to-earn games. Now, another tap-to-earn game based on Telegram — 

 sector. The game allows each player to manage their own virtual crypto exchange, tapping to earn more coins and completing various tasks and activities to boost their earnings. Virtual coins accumulated in the game will soon be claimable, with the project's planned native token, HMSTR, set to launch on Sep 26, 2024. As of Sep 18, 2024, 

 has reportedly amassed an impressive user base of around 300 million players.

 is a hamster-themed play-to-earn game that was launched on March 25, 2024 on Telegram. Its players collect coins simply by tapping on the screen.

 Each tap earns you virtual coins, which can be claimed through the game's planned native token, HMSTR. 60% of the HMSTR supply is set to be released via 

You can easily start playing the game via the 

 telegram channel. Gameplay starts when you assume the role of a cryptocurrency exchange CEO, which is represented by a cute hamster avatar that can be customized with various skins. You’re given a choice of several exchanges to own. After making your selection, you proceed in the game by tapping on the image of the hamster. The tapping increases your virtual assets and in-game rank. There are also other ways to earn coins or boost your position, which we'll touch upon further in the article.

 encourages active and frequent participation. This concept is similar to other games that encourage user action via frequent, high-involvement tapping, clicking or swapping, e.g., 

 has amassed an impressive user base of 300 million players and thus far hasn’t been implicated in any fraudulent activity. It appears to be a legit game, although some users on social media have raised concerns about the lack of an immediate claim mechanism, as well as inconsistencies in some of the asset counters used in the game.

 is just a game for leisure and fun, and users shouldn't treat it as a definite asset accumulation opportunity. The game's legitimacy regarding payouts will become clearer once the HMSTR token is actually launched and users can claim their virtual coins in exchange for the cryptocurrency.

 is akin to another viral Telegram-based game — 

 also operated without a crypto token of its own, and was just a fun pastime, rather than a serious reward accumulation endeavor. In mid-May 2024, 

 finally launched its native token, NOT, which surged over 270% within a month, rising from its initial price of around $0.007 to $0.028 in June. However, it should be noted that 

 has since declined from its ATH of $0.028 and is currently trading at around $0.0077.

's tapping mechanics, the most basic gameplay in 

 simply requires you to tap on the hamster on the screen to earn coins. You can also boost your taps to earn more coins by leveling up boosters, such as 

which increases the number of coins you can earn per tap, and 

. You can also make use of daily boosters like

 for free (up to six times) when you run out of energy to tap.

 app daily, you’re given the opportunity to complete daily tasks and earn additional coin rewards of up to 50 million HMSTR, as well as exclusive skins. In general, these tasks are as simple as playing the game — you only need to tap on the available daily reward to claim coins. 

: Make sure to join the game at least once per day, for up to three weeks, in order to stay eligible for the daily task rewards for each day.

You can also receive additional rewards by completing task lists. Each task in the list earns you more points. Typical tasks involve joining the game's Telegram channel, following 

 or inviting friends to sign up to the platform.

The Daily Combo lets you win a sizeable bonus of 5 million coins each day upon getting the right combination of three specific exchange upgrades, spread across categories like Markets, Legal, PR & Team, Web3 and Specials. The Daily Combo resets daily at 12PM UTC, so you'll have to achieve the correct combination before the UTC day ends. You can attempt a maximum of three combinations per day, with each attempt limited to a certain number of moves. 

s Daily Cipher allows you to win 1 million coins by figuring out the word of the day using Morse code, a system of dots and dashes used to symbolize letters and numbers. After guessing the word of the day, you then have to tap out its Morse code. You can attempt to solve it up to five times per day. The Daily Cipher refreshes every day at 7PM UTC.

 also features 12 games and two mini games. You’re required to log in to the various game apps in order to earn up to four golden keys per game. The mini games are

 requires you to retrieve one golden key from the sliding puzzle of red and green candlebars within a time limit of 30 seconds. Meanwhile, you can earn more coins by sorting and pairing colored hexagon tile stacks on 

 is available exclusively through Telegram. You can search for 

 button to be directed to the game channel. You don't need to pre-purchase any crypto or connect a

 to start in the game — it's free to join and play.

Tips and Strategies to Maximize Your Profits

Tapping on the screen isn't the only (or even most effective) way to maximize your earnings in 

. As highlighted above, there are various ways to play 

. Below are some of the best ways for you to speed up your earnings and boost your profits.

 to earn passive income, even without tapping, by clicking on the 

 button at the bottom of the app to upgrade your exchange across various categories. By selecting the right card combo to upgrade, you can even earn an additional amount of 5 million coins each day from the Daily Combo.

: If you correctly complete both the Daily Combo and Daily Cipher each day, you’ll earn a total of 6 million coins per day. However, the Daily Combo and Daily Cipher aren’t easy to master without some guidance, so Bybit Learn is here to help you. Make sure to check out our daily guides to Daily Combo and Daily Cipher so that you can easily get your hands on 6 million coins each day!

's native token, with a total supply of 100 billion. Of the total supply, 60% is allocated to players via the upcoming 

 airdrop on Sep 26, 2024, with the remaining 40% reserved for providing market liquidity, ecosystem partnerships and grants, rewards for squads and more.

Bullish on this tap-to-earn token? Now you can be one of the early birds to get your hands on HMSTR — even before next week’s 

 has been running since Jul 8, 2024, 10AM UTC, at a floor price of 0.001 USDT. Meanwhile, HMSTRUSDT was 

Tap-to-earn Telegram games are all the rage now in the world of crypto gaming. It all started with 

's meteoric rise, which has now been further propelled by 

 has already surpassed many other prominent SocialFi games with its user base of 300 million. Meanwhile, 

 — the first tap-to-earn game that turned viral — has a user base of just 35 million. Furthermore, the 

teamcontinues to innovate with even more engaging gameplay and rewards, all of which have contributed to its spectacular success thus far.

Beginner

hamster kombat.png

What Is Hamster Kombat (HMSTR): Tap Your Way to Crypto Riches

AI Companions is a web3 platform that provides highly customizable and emotionally intelligent virtual companions to users looking to interact in the digital age.

We’re living in a rapidly changing digital world where technology has taken over our lives, greatly reducing human interactions. In this digital age, the internet and smartphones have reshaped our routines, dominating communication and daily tasks and leaving large numbers of people in civilized countries feeling isolated and with a deep craving for meaningful social interaction.

 (AI) companions, innovative virtual entities designed to provide immersive interaction between AI avatars and humans. These virtual companions are powered using generative AI technology, which consists of simulated emotional intelligence that’s designed to enhance the connection.

Against the backdrop of this growing demand for virtual AI companions, the 

 project AI Companions was created. It leverages AI, virtual reality/augmented reality (VR/AR) and 

 to provide a personalized virtual companionship experience that meets each user's unique preferences.

AI Companions is a digital platform that allows you to create highly personalized virtual beings by leveraging AI, VR/AR and blockchain technologies to build an immersive virtual companionship experience.

 The platform aims to unlock endless opportunities in the rapidly expanding world of virtual companionship by providing a platform where emotions and technology can interact.

Unlike other platforms that offer interactions in the form of chatbots or visual aids, AI Companions’ unique proposition consists of a lifelike human interaction through virtual reality that re-creates what feels like an actual emotional connection. Furthermore, the platform has integrated blockchain technology to ensure security, transparency and privacy when interacting.

At the heart of these AI-powered interactions is the AIC token, which powers the platform’s transactions and seamless operation.

The vision and mission of AI Companions is to leverage innovative technology to provide users with what feels like an emotionally rich virtual companionship. To achieve this, AI Companions has integrated three core technologies: AI, VR/AR and blockchain.

The platform uses AI to identify and learn your preferences in order to create a personalized partner for you, and even allows you to utilize celebrity or influencer models. Furthermore, the presence of advanced VR/AR features makes the interactions more realistic, and enriches the experience even more.

Security, privacy and integrity are core when offering a product like this. To that end, AI Companions is built on blockchain technology in order to achieve key features, such as data privacy and security, through advanced encryption, user consent management using 

, and an immutable ledger for transparency and accountability.

The platform employs the following monetization strategies to ensure sustainable revenue generation centered on the AIC token.

To ensure maximum flexibility and accessibility, AI Companions uses a subscription model that caters to a range of preferences and budgets. The basic access model is free and allows access to limited features. There’s also a hybrid subscription that combines token-based and cash subscription models. Users stake AIC tokens to access features for the token-based model, while the cash model requires users to pay a monthly fee. The token-based subscription features a 20% fee discount designed to encourage users to pay using AIC tokens.

The “pay per experience” strategy allows users to pay for premium features and personalized experiences using AIC tokens without committing to a long-term subscription. This model allows you to access features such as customized packs, the ability to send virtual gifts to companions and even enhanced experiences such as upgraded VR environments.

AIC, the native crypto token for the AIC Companions platform, is a 

 token launched on BNB Smart Chain. The token powers the AI Companions platform and provides access to diverse features. When subscribing to the hybrid model, you can use the AIC token to pay for discounted fees. You can also stake your AIC tokens to gain additional value through access to premium features and experiences.

To maintain the token’s value, AI Companions will apply a buyback-and-burn strategy. The platform will use some of the profits generated to buy back AIC tokens and 

 some of them quarterly. This will reduce the circulating supply in order to increase the token’s value.

Moreover, the project will manage a treasury reserve designed to support long-term sustainability and growth. A portion of the bought-back tokens will be put in this reserve to ensure liquidity in the future.

The total supply for AIC is 1 billion tokens, distributed as follows:

AIC's price as of Sep 18, 2024 is $0.074 , just 8% lower than its ATH of $0.08177 on Sep 11, 2024, and almost 100% higher than its ATL of $0.03771 on Sep 10, 2024. Its market cap is approximately $66.9 million.

Is AI Companions (AIC) a Good Investment?

After a successful launch in the first week of September 2024, the AIC token has generally been on a positive trajectory during which its value increased by over 115% within a 24–hour period. Such reception from the market indicates that AI Companions is providing an in-demand product in its niche.

Statistics predict that the AI market could hit $1 trillion by 2028, while the VR niche could be worth $57.55 billion by 2027. Projects such as AI Companions that offer innovative products leveraging these technologies are strategically positioned to reap big from this growth. In addition, AI Companions has a strategic and detailed road map designed to steer the project toward sustainable growth, including extensive community building, expansion of the platform’s capabilities, marketing campaigns and increased exchange listings.

As the digital age continues to unfold and AI increasingly shapes our lives, investing in the AIC token, which is the heart of the project, could be profitable due to the increased demand for AI and VR/AR-related products. That said, we strongly recommend you 

 before investing in AI Companions, since crypto projects are prone to volatility. AIC’s price volatility is evident in the extreme swing between its ATL and ATH just a day apart from Sep 10 to Sep 11, 2024.

There's a growing demand for AI companion markets as human interactions diminish due to technological advances. Projects such as AI Companions are timely in filling this void by combining AI, VR/AR and blockchain technologies. AI Companions offers users the opportunity to interact intelligently with virtual entities, making AIC a crypto to watch as its platform seeks to align with the needs of the digital age.

AI Companions.png

AI Companions (AIC): The Future of Personalized Relationships

The U.S. Federal Reserve cut interest rates by 50 basis points to 4.75%-5%, its first reduction in four years.

The SPX index was down by 0.29%, after initially hitting a record high before turning lower following the Federal Reserve's decision to cut rates by 50 basis points. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 3.21%, with Bitcoin rising by 0.13% and Ether dropping by 0.80%, in the past 24 hours.

Today's top performer is TAIKO, which surged 27.4% following the launch of the Taiko Grant Factory Hackathon, offering $100K in prizes for sustainable Web3 innovations.

Taiko (TAIKO), launched in May 2024, is a fully open-source, Ethereum-equivalent ZK-rollup scaling solution designed for decentralized, secure and permissionless operations. 

 starts on September 25, 2024, inviting innovators to build solutions in the Taiko ecosystem. The hackathon focuses on long-term sustainable projects across three tracks: DeFi/AI/DAOs, Gaming/NFTs/SocialFi, and Social Impact/ReFi. Participants are required to deploy projects on Taiko, submit a 6-month grant proposal, and explore sustainable Web3 business models. The total prize pool is $100,000, with $30,000 per track and additional special awards. For details and registration, visit the Taiko hackathon page.

Check Out the Latest Prices, Charts, and Data of 

The U.S. Federal Reserve cut interest rates by 50 basis points to 4.75%-5%, its first reduction in four years. Following the announcement, Bitcoin briefly rose to $61K before falling back below $60K. The Fed expects further rate cuts to bring the benchmark rate to 4.4% by year-end. U.S. equities closed lower after an initial gain, and gold hit a new high before retracing. The dollar index fell to its lowest level since July before recovering. Crypto-related stocks and cryptocurrencies saw volatility, with increased correlations to broader risk assets.

Yesterday, the total outflow for BTC Spot ETFs was $52.7 million, with $8.1 million from GBTC and $44.6 million from non-GBTC funds.

, a decentralized network focused on private, user-owned data and AI, has raised $25 million with backing from Coinbase, Paradigm, and Polychain. Their Telegram bot allows users to mine Vana points, which can be converted into $VANA tokens during the token generation event (TGE). Users can also earn points by completing daily tasks, challenges, and inviting friends.

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Fed Cuts Rates by 50 Basis Points Spurring Positive Price Momentum for BTC and Altcoins

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, where your skills in decoding daily Morse code puzzles can significantly enhance your mastery over your crypto exchange. Every puzzle, released at 7PM UTC, not only sharpens your mind but also offers the chance to earn considerable in-game rewards.

 lies the Daily Cipher, a challenge that invites players to unlock Morse code puzzles. Successfully solving these daily puzzles not only increases your coin stash but also enhances your strategic thinking, crucial for navigating the game’s complexities.

Today’s Hamster Kombat Daily Cipher: Sep 19, 2024

 Daily Cipher for Sep 19, 2024, is as follows:

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

 by trying out the following strategies: 

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

The Daily Cipher and the various interactive gaming activities within 

 provide numerous opportunities not only to enhance your coin balance, but also deepen your involvement in the game. Each successfully decoded puzzle contributes to your financial growth and sharpens your analytical abilities, enriching every gaming session with both rewards and intellectual stimulation.

Stay connected for daily updates and expert advice to ensure you continue to excel in the dynamic and exciting world of 

Intermediate

hamster kombat daily cipher code.png

A Guide to Hamster Kombat's Daily Cipher Code (Sep 19, 2024)

Indicators

Trading

Explainers

Understanding how Bollinger bands work helps traders to critically identify the entry & exit points accurately. Learn the fundamentals now!

Bollinger Bands are a versatile and powerful tool that can help traders navigate the unpredictable world of financial markets. Developed by 

 in the 1980s, this technical analysis tool has stood the test of time and continues to be a popular choice among traders and investors alike. Whether you are a seasoned professional or a beginner, understanding “what is Bollinger Bands” can help you identify market trends, volatility, and potential trading opportunities. Let’s explore the fascinating world of Bollinger Bands and discover how they can enhance your trading strategies.

Understanding Bollinger Bands: Definition and Components

Bollinger Bands are a technical analysis tool that consists of three lines: the upper band, the middle band (moving average), and the lower band. These bands help traders identify market trends, volatility, and potential trading opportunities by providing a visual representation of price movements and volatility. The bollinger band technique is widely used in the trading world for its effectiveness in analyzing market conditions.

This tool, created by John Bollinger, is now widely used by numerous traders.

The upper band in Bollinger Bands, also known as the upper Bollinger Band, represents a price level that is two standard deviations above the middle band, which is the moving average. This calculation helps capture approximately 

 within the upper and lower band, providing traders with an idea of volatility and aiding in the identification of potential overbought conditions when prices are close to the upper Bollinger Bands.

The computation of the upper band follows a simple process. It involves adding two standard deviations to the 20-day simple moving average (SMA) of the security’s price. This upper band serves as a dynamic resistance level, which can help traders determine when to enter long positions or exit short positions in the market.

The middle band in Bollinger Bands is the simple moving average (SMA) of a security’s price, typically calculated using a 20-day period. This moving average serves as the baseline for the upper and lower bands, providing a measure of the security’s average price over the specified period.

To compute the SMA for Bollinger Bands, one averages the closing prices over a given number of periods, typically 20. This moving average is then used as the middle band in the Bollinger Bands indicator, allowing traders to identify price trends and potential reversal points in the market.

The lower band in Bollinger Bands, also known as the lower Bollinger Band, represents the price level that is two standard deviations below the middle band, which is the moving average. By understanding lower Bollinger bands, traders can recognize when the price of an asset is consolidating and when a potential breakout or trend reversal may be imminent.

When the upper and lower bands come closer together, it suggests that the price moves are in a period of low volatility and could be getting ready for a breakout. Traders can use this information to make decisions about buying or selling the asset, keeping in mind that it is essential to consider other technical indicators and market conditions for confirmation before making trading decisions.

How Bollinger Bands Work: Volatility and Price Movements

Bollinger Bands help traders understand market volatility by expanding during periods of high volatility and contracting during periods of low volatility. This dynamic nature of the bands allows traders to gauge the market’s current state, identify potential trading opportunities, and make informed decisions based on price movements and volatility levels.

in Bollinger Bands provide valuable insights into market volatility. Expanding bands indicate increased market volatility, while contracting bands signal decreased volatility, potentially leading to upcoming price breakouts or reversals. This information helps traders identify potential trading opportunities and make informed decisions based on the current market conditions.

One of the key features of Bollinger Bands is the “squeeze” - a period of low volatility when the bands contract. Since volatility tends to revert to its mean, the bands will likely expand soon, potentially resulting in an explosive price movement. By monitoring the expanding and contracting bands, traders can better anticipate price breakouts and reversals, leading to more successful trades.

Key Bollinger Bands Strategies for Traders

Bollinger Bands can be used in various trading strategies to identify potential entry and exit points. Two popular strategies include the Bollinger Bounce and the Bollinger Squeeze.

Understanding and correctly applying these strategies under suitable market conditions can boost a trader’s performance and success rates.

The Bollinger Bounce strategy involves trading when the price bounces off the upper or lower bands, indicating potential reversals in a ranging market. This strategy is based on the idea that the price usually returns to the middle of the bands, making it a popular choice for mean reversion trading.

While implementing the Bollinger Bounce strategy, one should refrain from trading during band-expansion periods as bollinger bands typically signal a strong trend as opposed to a ranging market. Instead, look for stable or contracting bands to increase the probability of successful trades.

The Bollinger Squeeze strategy identifies periods of low volatility (when bands contract) and anticipates price breakouts in either direction. This strategy is based on the idea that periods of low volatility often precede significant price movements, allowing traders to enter the market just before a breakout occurs.

To spot a Bollinger Band Squeeze, traders should monitor the upper and lower bands for signs of contraction. When the bands start to move closer together, it indicates that the price of the asset is becoming more stable, signaling a potential squeeze. Observing the bands closely and applying the Bollinger Squeeze strategy enables traders to take advantage of impending price breakouts and reversals.

Combining Bollinger Bands with Other Technical Indicators

Pairing Bollinger Bands with other technical indicators like the Relative Strength Index (RSI) and the 

 can amplify trading signals and foster better decision-making. The use of multiple indicators allows traders to gain a broader understanding of the market, verify possible trading opportunities, and raise the likelihood of successful trades.

Bollinger Bands and RSI can be used together to identify overbought and oversold conditions, as well as potential price reversals. The RSI is a momentum oscillator that measures the speed and change of price movements, while Bollinger Bands provide a visual representation of price volatility and potential support and resistance levels.

When these two indicators are combined, the RSI can confirm or reject any potential price trends that the Bollinger Bands are indicating. The combined use of Bollinger Bands and RSI offers traders a more profound understanding of the market, leading to more knowledgeable trading decisions.

Bollinger Bands and the Moving Average Convergence Divergence (MACD) indicator can help confirm trend direction and strength, providing additional confirmation for trading signals. The MACD is a trend-following momentum indicator that calculates the difference between two moving averages, while Bollinger Bands show price volatility and potential support and resistance levels.

By combining Bollinger Bands with the MACD, traders can gain a more complete picture of the market and identify the strength and direction of the trend. This pairing of indicators assists traders in spotting possible trend reversals and making intelligent trading decisions grounded in the market’s direction and momentum.

Adapting Bollinger Bands to Different Timeframes and Trading Styles

Traders can adjust Bollinger Bands settings, such as the lookback period and standard deviations, to suit different timeframes and trading styles. By modifying the settings, traders can balance signal frequency and reliability, ensuring that the bands are tailored to their specific needs and preferences.

For example, day traders may prefer to use a shorter lookback period, such as 10 days, and a smaller standard deviation, like 1.5, to generate more frequent trading signals and capture short-term price movements. On the other hand, swing traders might choose a 20-day lookback period with a 2 standard deviation to focus on longer-term trends and reversals. Ultimately, traders should experiment with different settings to find the optimal combination that works best for their trading style and objectives.

Practical Tips for Using Bollinger Bands Successfully

Successful use of Bollinger Bands requires consideration of diverse factors, including market conditions, trends, and events. By being aware of these factors, traders can make more informed decisions and better interpret the signals generated by the bands.

One practical tip for using Bollinger Bands effectively is to combine them with other technical analysis tools, such as RSI and MACD. This approach can help confirm signals and provide a more comprehensive view of the market, increasing the probability of successful trades.

Traders should also exercise patience and use their judgment to sidestep false signals, especially in unstable or sideways markets where Bollinger Bands might lack effectiveness.

Applications and case studies from real-life scenarios validate the efficacy of Bollinger Bands across various markets, offering beneficial insights to traders. Examining the successful application of Bollinger Bands across diverse markets can guide traders in adapting the indicator to their trading strategies and enhancing their performance.

For example, Bollinger Bands have been used in stock trading to spot extreme short-term price drops and profit from the rebound, as well as in cryptocurrency trading to gauge market volatility and identify potential trends and breakouts. Studying these real-world examples and case studies can help traders understand how Bollinger Bands work in practice and provide inspiration for their own trading strategies.

Potential Limitations and Drawbacks of Bollinger Bands

Despite being a potent and flexible tool, Bollinger Bands come with possible limitations and drawbacks that traders need to acknowledge. One such limitation is the reliance on historical data to determine the standard deviation and build the upper and lower bands. These bands are based on past volatility and price movements, which may not always accurately predict future price action.

Another potential drawback of Bollinger Bands is the risk of generating false signals, especially in choppy or sideways markets. To mitigate this risk, traders should use their judgment and be patient, waiting for clear signals before entering or exiting a trade. Additionally, using Bollinger Bands in conjunction with other technical indicators can help confirm signals and provide a more accurate analysis of the market.

Bollinger Bands are a valuable tool for traders looking to enhance their trading strategies and improve their market analysis. By understanding the various components of Bollinger Bands, learning how to adapt them to different timeframes and trading styles, and combining them with other technical indicators, traders can increase their chances of success in the market. With practice and patience, Bollinger Bands can become an indispensable part of any trader’s toolbox.

Bollinger Bands are an important technical analysis tool used to measure a security's relative high or low in relation to previous trades. The bands consist of an upper level, lower level and moving average, which provide traders with an indication of where the market may be overbought or oversold.

Bollinger Bands are a technical analysis tool developed by John Bollinger in the 1980s that measure the relative high or low of a security's price in relation to previous trades. They provide traders with an indication of the volatility of a stock.

Bollinger bands are a valuable tool for traders and investors to identify overbought and oversold conditions. These indicators are useful when trying to assess market volatility or anticipate potential price changes in an asset.

What are the three main components of Bollinger Bands?

Bollinger Bands are composed of three main components - the upper band, the middle band (moving average) and the lower band.

How can Bollinger Bands be used to identify market volatility?

Bollinger Bands provide a visual representation of market volatility, expanding during periods of high volatility and contracting during periods of low volatility.

Explained: What Are Bollinger Bands & How to Use Them For Crypto Trading

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards