After much anticipation, Hamster Kombat’s HMSTR token has officially entered the trading scene across several platforms. The initial performance saw the token rise to a peak of $0.01004, giving it an impressive market cap of $646.325 million within the first few hours. HMSTR began trading at $0.009758, which immediately caught the attention of investors. However, the momentum didn’t last long. According to data from CoinMarketCap, HMSTR experienced a sharp dip shortly after its peak, reaching its all-time low of $0.008027, before finding support.
As of this publication, the cryptocurrency trades at $0.008126, marking a 16.72% decline just a few hours after launch. This sudden drop has raised a key question for investors: should they hold or sell their HMSTR tokens?
The Market Reaction and Predictions
Gautam Gupta, a well-known airdrop analyst, had predicted a post-listing dip in HMSTR prices, citing historical patterns from previous projects like Notcoin. Gupta highlighted how Notcoin, one of the first tap-to-earn tokens, saw an initial surge only to drop due to heavy airdrop sales. Similar to Notcoin, Hamster Kombat has released a significant portion of its supply early—63% to be precise—leading to the possibility of further price fluctuations.
🧵7/8
💰Here’s my final 1st Day Price/Profit prediction for $HMSTR:
🟡 $HMSTR Total Supply: 100B
🟡Circulation Supply: 63% (63B)
🟡First Day MCap : $504M-567M$
🟡FDV: $800M-900M
🟡Price Range: $0.008 – $0.009💰Profit Prediction:
💵 If you have 1,000 $HMSTR, the value is… pic.twitter.com/KTZso1Wd5n
— Gautamgg.eth/sol 🇮🇳❤️ (@Gautamguptagg) September 22, 2024
With a total supply of 100 billion tokens, Gupta projects that HMSTR’s fully diluted valuation (FDV) could fluctuate between $504 million and $567 million. This would likely keep HMSTR trading between $0.008 to $0.009 per token over the next few months.
Gupta also raised concerns regarding Hamster Kombat’s long-term viability, pointing out the development team’s inexperience and the project’s hype-driven nature. He expressed doubts about the token’s utility beyond the current excitement surrounding its launch. These factors, he noted, could impact the cryptocurrency’s ability to maintain its market position in the future.
🚨#HamsterKombat Price Prediction!
After the unfair treatment of users in Season 1, it’s no surprise Season 2 is expected to flop.
Predicted Price: $0.005 – $0.01
Based on $1bn Mcap:
• 500 $HMSTR = $5
• 1000 $HMSTR = $10
• 1500 $HMSTR = $15
• 2000 $HMSTR = $20Hardly,… pic.twitter.com/28DuXFiguL
— Ajay Kashyap (@EverythingAjay) September 24, 2024
Ajay, a notable crypto influencer, shares a similar outlook. He predicts that HMSTR’s price will likely hover between $0.005 and $0.01 in the near term. Ajay also disagreed over whether the token could reach a market cap exceeding $1 billion, cautioning against high expectations for the project’s future growth.
Should You Hodl or Sell HMSTR Now?
According to CoinCodex, the sentiment surrounding Hamster Kombat remains bearish. Their technical indicators suggest that the altcoin may face challenges in the coming weeks, which aligns with other expert forecasts. The Fear & Greed Index currently sits at 50, indicating neutral market sentiment, while HMSTR’s volatility is reported at an extremely high 45.12%. Currently, Hamster Kombat holds market dominance at just 0.02%.
Per CoinCodex’s Hamster Kombat forecast, it may not be the best time to buy the altcoin. Their analysis points to continued volatility, suggesting that prices could remain unstable in the short term. For investors holding HMSTR, the advice is to monitor the market closely before making any hasty decisions.
Also Read: Hamster Kombat Season 2 Airdrop; Is Season 3 in Works?
Source: https://www.cryptonewsz.com/hamster-kombat-price-outlook-hold-or-sell/