What’s Keeping HMSTR Price Below $0.1?

The HMSTR value appears unlikely to hit $0.1 anytime quickly, contemplating that over 60% of the token’s provide was put in circulation following the Hamster Kombat airdrop. The HMSTR token additionally continues to witness vital promoting strain, which has led to a value drop of over 50% from its present all-time excessive (ATH).

What Is Protecting Hamster Kombat Under $0.1

The token’s circulating provide of 64.37 billion HMSTR is especially what’s retaining its value beneath $0.1. An increase to $0.1 implies that the Hamster Kombat can have a market cap of $6.43 billion. Nevertheless, for now, such a market cap for the crypto token is unlikely potential, contemplating the crypto market’s whole market cap.

For the HMSTR value to achieve such a market cap, the broader crypto market might want to expertise exponential progress. For context, solely the fifteen largest crypto tokens by market cap at present boast a market cap of $6.4 million and above. As such, it’s unlikely that HMSTR will witness a value surge to $0.1 anytime quickly.

Furthermore, Hamster doesn’t have any predefined burn mechanism in place. As such, the token stays inflationary and would solely develop into much less worthwhile as they launch extra tokens into circulation. Hamster launched a whopping 64% of its whole provide of 100 billion HSMTR upon launch. 60% of the availability went to the group.

This was a daring transfer, contemplating {that a} vital variety of these group members had been already more likely to dump their tokens upon receipt of their airdrop. This in the end created a state of affairs whereby the token’s provide exceeded its demand, which contributed to the downward strain it confronted upon launch. Regardless of its heavy recognition, the Hamster Kombat downtrend has continued.

The HMSTR value is at present down over 50% from its present ATH of $0.01004. The token may as soon as once more witness a provide shock when season 2 of the Hamster airdrop ends. Nevertheless, the season 2 airdrop marketing campaign gained’t finish till Q1 of subsequent 12 months, that means that the token’s value may obtain some stability earlier than then.

HMSTR Value To Get better Like NOT Did?

Crypto analyst Crypto Hunter has raised the potential of Hamster Kombat having fun with an identical value restoration as Notcoin. The NOT token fell by 80% following the Notcoin airdrop earlier this 12 months. Nevertheless, the token went on to file a 5x enhance in value after its preliminary value decline.

The analyst’s accompanying chart confirmed a similarity between each HMSTR and NOT’s value actions after their respective airdrops. In line, Crypto Hunter believes that Hamster Kombat has the potential to develop and rise above $0.01.

On the time of writing, HMSTR value is round $0.00479, up over 2% within the final 24 hours. Nevertheless, buying and selling quantity is down by over 42%, with $78 million traded throughout this era.