The imminent listing of Hamster Kombat’s HMSTR token on exchanges like Binance and OKX has generated speculation surrounding its initial trading price, with predictions estimating a trading range from $0.008 to $0.009. Analysts express concerns about a potential decline post-listing due to airdrop hunters cashing out. While comparisons to Notcoin suggest a possible market cap of $504 million to $567 million, caution is advised due to the project’s speculative nature and the inexperience of its development team.

As the eagerly anticipated token listing of Hamster Kombat’s HMSTR approaches, excitement is palpable within the cryptocurrency sphere. Scheduled for launch on prominent exchanges such as Binance and OKX tomorrow, investors and analysts alike are speculating on the potential initial trading price of the HMSTR token. Gautam Gupta, an airdrop analyst, predicts a likely decline in HMSTR prices following its listing due to the propensity for airdrop hunters to liquidate their holdings promptly after the token becomes available. In drawing comparisons to Notcoin, an early tap-to-earn project, Gupta outlines that Notcoin allocated 80% of its total supply during its airdrop, resulting in a fully diluted valuation (FDV) near $900 million. Notcoin, which possesses a total supply of 102 billion tokens, achieved a market capitalization of $700 million within its debut day of trading. Assuming Hamster Kombat reaches an FDV akin to that of Notcoin, with a total token supply of 100 billion and 63% designated for immediate circulation, it is estimated that the market capital could fluctuate between $504 million and $567 million. This projection would situate the anticipated trading range of HMSTR tokens between $0.008 and $0.009. “If you have 1,000 HMSTR, the value is expected to be between $8-9$ after consistently working for 3-4 months,” stated Mr. Gupta. However, he warns potential investors to be mindful of the project’s speculative nature, citing concerns regarding the inexperience of the development team and the apparent lack of utility, which raises questions about the project’s sustainability in the long term. Crypto influencer Ajay has added his perspective, positing a price range between $0.005 and $0.01, and expressing skepticism that HMSTR can achieve a market capitalization exceeding $1 billion. In preparation for the listing, cryptocurrency exchanges are ramping up their efforts. Binance, for example, reports over $14 billion in total value locked, as participants stake FDUSD and BNB coins to qualify for the HMSTR token airdrop. The participation metrics are significant, with 198,065 individuals engaged in the FDUSD pool and 1.31 million in the BNB pool, illustrating robust enthusiasm within the community. The airdrop project will disseminate 3 billion HMSTR tokens over three days, culminating just before trading begins. This extensive activity emphasizes the heightened stakes and intense interest surrounding the game, which has acquired a strong following on Telegram. The specific timelines for the listing are set for September 26, with the HMSTR airdrop and on-chain claims commencing at 10:00 UTC and trading commencing at 12:00 UTC. This structured timeline has sparked considerable buzz in the marketplace, as numerous investors eye the potential for swift gains.

The article addresses the imminent listing of the HMSTR token from Hamster Kombat and the prevalent speculations surrounding its initial market performance. With a well-established listing on significant exchanges like Binance and OKX, the crypto community is particularly engaged in analyses around potential pricing and market valuation post-listing. Key forecasts by analysts highlight potential volatility, especially considering the behavior of airdrop hunters, who often sell their tokens shortly after listings. Additionally, comparisons with other cryptocurrencies, such as Notcoin, offer a framework for predicting market capitalization and trading range, while warnings about the project’s fundamentals introduce a cautionary note amid the excitement.

In conclusion, the impending listing of Hamster Kombat’s HMSTR token is generating significant speculation about its initial trading price within the cryptocurrency community. While projections suggest a potential trading range of $0.008 to $0.009, concerns remain regarding post-listing price declines driven by airdrop participants and broader issues related to the project’s sustainability. As trading approaches, stakeholders are keenly monitoring the market’s response to this anticipated launch.

Original Source: beincrypto.com

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