🚨 Should You Hold or Sell $HAMSTR? A Closer Look at the Case for Selling 🚨
With 130 billion tokens in circulation, supply concerns are mounting. Although the project team has hinted at a "Phase 2" reserve to boost optimism, some view this as a tactical maneuver to sustain investor interest while the team prepares to exit.
$HAMSTR's vast supply does pose concerns, diluting the value of each individual token and requiring significant buying pressure to move the price upwards. This makes substantial price gains harder to achieve and sustain, leaving $HAMSTR's potential for upward momentum limited.
Our previous assessment indicated potential for a bounce back to 0.0120, with support standing at 0.0060. Given this, selling now might not yield significant returns. In fact, selling at current levels could result in minimal gains or even losses.
The project team's mention of a "Phase 2" reserve has sparked skepticism. While they present this as a forward-looking strategy, some investors suspect it's a tactic to keep holders invested while the team prepares to exit. This raises doubts about whether the team is focused on the token's long-term growth or simply biding time.
Before making a decision, consider broader market trends and diversifying into established assets with a track record of stability. The choice to sell or hold $HMSTR depends on your risk appetite. Weigh your options carefully and consider seeking additional insights before making a move.
$HAMSTR's current market situation is precarious, but selling at the wrong time could be costly. Take a step back and reassess your investment strategy to ensure you're making the most informed decision.
