A Closer Look at Market Caps
- $HMSTR had an initial market cap of $615 million.
- $NOT started with approximately $945 million.
- $DOGS launched with around $875 million.
- Ice began with a modest $5 million market cap.
Current Price: $0.005425 USDT (down 9.87%)
Key Insights
What can we learn from this?
While Ice generously rewarded its community, Hamster Token yielded relatively modest returns despite its larger financial backing. Here’s why:
- Ice had a vast supply of about 7.1 billion tokens, yet not many were actively mined.
- In contrast, Hamster experienced excessive farming, leading to market saturation.
Takeaways:
- Ice benefited from being underfarmed, resulting in better rewards for its participants.
- Hamster faced overfarming, which diluted potential gains.
If you want to take advantage of airdrops, don’t just chase the trending projects. These often attract too many participants and become overfarmed. Instead, seek out under-the-radar airdrops that are less exploited for higher rewards.
Additionally, remember that many popular tokens may gain traction not because of their real value, but due to influencer promotions.
Keep this strategy in mind, and best of luck in navigating the crypto landscape!
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