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Cryptocurrency News Articles

Hamster Kombat (HMSTR) Price Prediction: Will the TON-Based Token Skyrocket After Its Launch?

Sep 26, 2024 at 02:09 pm

The Hamster Kombat token is about to get listed on the major exchanges at 12 UTC, while the buzz around the token has soared high

Hamster Kombat (HMSTR) Price Prediction: Will the TON-Based Token Skyrocket After Its Launch?

The Hamster Kombat (HMSTR) token is set to be listed on major cryptocurrency exchanges at 12:00 UTC, following a surge in interest around the token.

The airdropped tokens have typically seen a sharp decline soon after their launch, and HMSTR price is also expected to follow this trend.

Hamster Kombat, a popular video game, has generated significant buzz in the markets by allowing players to mine Hamster coins, which are managed by a virtual crypto exchange. This has set the crypto markets alight, with hundreds of millions of players tapping their screens in an attempt to collect coins. The HMSTR token will now be listed on the Open Network (TON), enabling players to finally cash out their Telegram tapping.

With the pre-sale price reported to be around $0.1, here's a look at the Hamster Kombat price prediction after the launch.

The markets have seen several airdrops in the past that gained popularity in a short period of time. Most of these tokens have witnessed a steep decline after the launch, as the token's price tends to spike at launch. A similar pattern was observed with the most popular airdrop, UNI, followed by others like ARB, BLUR and many more. Hence, the HMSTR token is also expected to follow a similar path and experience massive volatility.

The chart above showcases the pre-sale price rally of the HMSTR token, which marked levels above $0.75 during the launch. Since then, the levels have been sharply declining and reached levels around $0.1 at present. The official launch is expected to push the levels back to their highs or even above $1 in an extended bullish move. However, the chances of the price remaining above these gains are very less.

The HMSTR coin price may follow a similar price action as the other air-dropped tokens, but the markets are preparing to enter the final quarter, which has been bullish historically. Hence, the Hamster Kombat coin price is expected to begin a strong recovery and mark higher highs. For now, all eyes will be on the official launch and the upcoming monthly close.

Original source:coinpedia

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