$HMSTR coin
Hamster Coin is a meme coin on Binance Smart Chain that depends on market sentiment, community backing and speculation.
Price factors are the keys to successful pricing strategies. It is critical that each factor be weighed and considered as part of the overall strategy. Factors include:
Internal Factors
Marketing Objectives – An organization's marketing objectives should support the company's overall mission and goals. Marketing teams must understand how these objectives align with product, pricing, promotion, and place decisions.
Organizational Considerations – Pricing should take into account other divisions within an organization such as manufacturing capabilities, distribution economics, sales force capacity or channel management requirements.
Costs – Both fixed costs (costs that do not change based on the number of units produced) and variable costs (costs that increase or decrease depending on how many units are produced) need to be factored in to potential costs at differing volume per amount levels.
External Factors
The Market & Customers – The current state of a market may lead you to use penetration pricing or price skimming strategies where you adjust your prices temporarily just after a launch either increasing over time in response to demand or lowering them initially to secure sales. Customer willingness-to-pay estimates can come from both primary research studies (e.g., surveys) as well as secondary data sources (like reports).
Competition – Study current market trends along with competitive research like industry reports allows will inform your own price elasticities.
Good Pricing Model
1. Hype: This is the social media and shoe endorsement age, so prices skyrocket.
2. Community: That’s why you need an involved fan base to stick with your stars.
3. Market Trends: Bull markets are favorable; bear markets are not.
4. Speculation: Volatile trading causes quick changes.
5. Utility: Partnerships or new use cases could add value.
2024: Reasonable bet for gains in a new bull market.
2025-2026: Growth if utility is there else static or in decline.
2030: Beyond this, long-term dependent on innovation.
Investing in stocks can be nerve-wracking for beginners or even those who have been playing the market for a while. You will never know what is going to happen and that is why it is so much fun!
While reading this article, try to keep in mind the basics:
Expect high volatility.
Do your own research before making any investment.
Don’t spend more than you can afford to lose.
It’s something I’ve been saying a lot in the last few months when talking about investing in cryptocurrency. However much money you’re thinking of putting into crypto, take a step back and consider if you could live without it. If someone told you tomorrow that you would never be able to access that money again, how would it affect your life? Would things just be a little tighter or would everything come crashing down around you?
If the answer is the latter then chances are what you’re thinking of doing isn’t investing, it’s gambling.
#BinanceAlphaAlert #USJoblessClaimsFall