beincrypto.com
As the countdown to Hamster Kombat’s HMSTR token listing ticks closer, anticipation builds within the crypto community. Set for a prominent debut on major crypto exchanges like Binance and OKX tomorrow, speculations swirl regarding the HMSTR token’s initial trading price.
Airdrop analyst Gautam Gupta forecasts a potential dip in HMSTR prices post-listing. This is because airdrop hunters are always poised to cash out after the token listing.
What Will be Hamster Kombat’s HMSTR Token’s Price?
Gupta compares Hamster Kombat listing with Notcoin, one of the first tap-to-earn projects. Notcoin released 80% of its supply during the airdrop, achieving a fully diluted valuation (FDV) of around $900 million. With a total supply of 102 billion tokens, NOT reached a market cap of $700 million on its first day.
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Assuming Hamster Kombat will achieve a similar FDV with a total token supply of 100 billion and 63% slated for immediate circulation, the potential market cap could oscillate between $504 million and $567 million. Consequently, this places the expected trading range of HMSTR tokens between $0.008 and $0.009 each.
“If you have 1,000 HMSTR, the value is expected to be between $8-9$ after consistently working for 3-4 months,” Gupta said.
Additionally, he cautions investors about the project’s hype-driven nature. He also flags concerns over the development team’s inexperience and the project’s lack of utility, casting doubts on its long-term viability.
Meanwhile, crypto influencer Ajay predicts a price range between $0.005 to $0.01. He believes that HMSTR cannot surpass a $1 billion market capitalization.
As the listing approaches, crypto exchanges are ramping up preparations. For example, Binance has seen over $14 billion in total value locked, with users staking FDUSD and BNB coins to partake in the HMSTR token airdrop.
This Launchpool project has attracted vast participation. Specifically, 198,065 individuals in the FDUSD pool and 1.31 million in the BNB pool demonstrated high interest and engagement from the community.
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This three-day airdrop will distribute 3 billion HMSTR tokens to the exchange and conclude just as HMSTR begins trading.
Consequently, this surge of activity highlights the high stakes and keen interest surrounding the game. It operates on Telegram and has garnered a substantial following there.
The precise listing is scheduled for September 26, with the HMSTR airdrop and on-chain claims set to kick off at 10:00 UTC. Trading starts at 12:00 UTC. This timeline has amplified the buzz across markets, with many eyeing the potential for quick gains.