Hamster Kombat’s HMSTR token is set to launch on Sept. 26, 2024.
The game will airdrop 100 billion tokens to active participants.
Our Hamster Kombat price prediction suggests HMSTR will be worth $0.078 soon.
Hamster Kombat is a game on the Telegram messaging app based on the Toncoin blockchain. The project’s native token, HMSTR, will be launched on the open market on Sept. 26, 2024, with an airdrop of 100 billion tokens.
The platform already claims to have 300 million players, a YouTube channel with 36 million subscribers, and 55 million members on its Telegram group.
The Gate.io exchange said that, based on the value of IOUs, HMSTR would be worth $0.0568 on Sept. 16, 2024.
Let’s now look at some HMSTR price predictions made on Sept. 16, 2024. We will also talk a little about what Hamster Kombat is and what Hamster Kombat does.
The HMSTR price prediction for the next 24 hours hinges on a continued decline at the rate determined by the channel.
If HMSTR follows a similar pattern, it will move toward the channel’s midline and its support trend line in the near future.
The channel’s midline is currently at $0.078, while the support trend line is at $0.023.
HMSTR Price Analysis
The four-hour HMSTR chart shows a decline inside a descending parallel channel that has been ongoing since August.
So far, both the channel’s resistance and support trend lines have been validated numerous times, most recently on Sept. 13 (white icon).
Despite the bounce, HMSTR still trades in the channel’s lower portion. This is a bearish sign that makes a channel breakout less likely.
Furthermore, the Relative Strength Index (RSI) and MACD indicator are both in bearish territory, more specifically below 50 and 0.
So, it is possible that HMSTR will continue falling inside the channel.
Hamster Kombat Average True Range (ATR): HMSTR Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Sept. 16, 2024, Hamster Kombat IOUs’ ATR was 0.0315, suggesting average volatility.
Hamster Kombat Relative Strength Index (RSI): Is HMSTR Oversold or Undersold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish. On Sept. 16, 2024, the Hamster Kombat IOU RSI was at about 33, indicating bearish momentum heading close to the oversold region.
Hamster Kombat Price Performance Comparisons
Hamster Kombat is part of the world of Web3 gaming, so let’s compare its hypothetical price with that of similar tokens. Since it’s unreleased, we will also compare its IOU price to that of the most notorious unreleased crypto out there, Pi Network’s PI.
Hamster Kombat Price History
Based on the HMSTR IOUs’ value, we can develop a hypothetical Hamster Kombat price history. However, we do have to warn you that these prices are incredibly speculative and should be treated as such. We will know more once HMSTR officially comes out on Sept. 26.
That said, we need to remind you that past performance – especially a hypothetical price performance – is no indicator of future results.
From the Hamster Kombat Whitepaper
According to its technical documentation, or whitepaper, Hamster Kombat is “a crypto exchange CEO simulator game built on Telegram with 300 million players. Its mission is to smoothly onboard 1,000,000,000 Web2 users into Web3.”
What is Hamster Kombat?
Hamster Kombat is a Telegram-based crypto exchangesCEO simulator game. Players get rewarded based on achieving certain goals.
Players have to increase their coin balance, complete daily combos and ciphers, and get their daily rewards—all of that to maximize their passive income and ensure their exchange is working for them.
The game came out in March 2024, and it claims to have more than 300 million players.
People’s rewards are paid using the platform’s native token, HMSTR.
How Hamster Kombat Works
The game’s native token, HMSTR, will be airdropped on Sept. 26, 2024. In what it describes as “the largest airdrop in the history of crypto,” 100 billion tokens will be released.
However, people will have to pass know-your-customer (KYC) checks if they want to get hold of HMSTR.
Sixty billion of the tokens in the airdrop are reserved for players, with the rest going to “providing market liquidity, ecosystem partnerships and grants, rewarding squads, and other items.”
Is Hamster Kombat a Good Investment?
It is hard to tell right now. Although Hamster Kombat makes bold claims, plenty of cryptocurrencies have claimed to spearhead the adoption of Web3. However, none of these cryptos have really made true to their promises. Not only that, but Web3 gaming is not exactly in a good place right now. We will have to see what happens after the Sept. 26 launch of HMSTR to see whether Hamster Kombat can break the mold.
Indeed, there are hundreds of thousands of mobile games right now, so even if the app does come out, it is difficult to see what is so special about Hamster Kombat that it could draw in the average mobile gamer.
As always, with crypto, you will need to do your own research, remember that prices can go down as well as up, and never invest more than you can afford to lose.
Will Hamster Kombat Go Up or Down?
No one knows. There is a lot of hype about Hamster Kombat, but we have nothing to go on without an actual price of the real token before launch.
Should I Invest in Hamster Kombat?
Before you decide whether or not to invest in Hamster Kombat, you will have to do your own research, not only on HMSTR but other related coins and tokens such as Catizen (CATI). Either way, you must also ensure you never invest more money than you can afford to lose
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