As the countdown to the listing of Hamster Kombat’s HMSTR token draws near, anticipation is growing within the crypto community. Set for a high-profile debut on major exchanges such as Binance and OKEx, speculation is swirling around the token’s initial trading price.
Airdrop analyst Gautam Gupta predicts a possible drop in HMSTR prices after the listing, scheduled for Thursday (26). This is because airdrop hunters are always ready to sell after events like this.
What will be the price of the HMSTR token?
Gupta compares Hamster Kombat’s token listing to Notcoin, one of the first Tap-to-Earn projects. The project released 80% of its supply during the airdrop, reaching 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.
Assuming Hamster Kombat achieves a similar FDV, with a total token supply of 100 billion and 63% earmarked for immediate circulation, the potential market cap could range between $504 million and $567 million. Consequently, this puts the expected trading range for HMSTR tokens between $0.008 and $0.009 each.
Furthermore, he warns investors about the hype-driven nature of the project. He also raises concerns about the inexperience of the development team and the lack of utility of the project, casting doubt on its long-term viability.
Meanwhile, crypto influencer Ajay predicts a price range between $0.005 and $0.01. He believes that HMSTR cannot surpass a market cap of $1 billion.
