Currently, Hamster Coin is still a long way from reaching $1, as its current price is in the cent range. To achieve such a huge price increase, several fundamental changes would need to occur:

1. Massive increase in demand: To reach $1, the demand for the coin must increase dramatically. This requires increased interest from investors, customers, and users, as well as the entry of hamsters into larger and more popular trading platforms.

2. Reducing the available supply: One of the challenges facing coins like Hamster is the large number of coins available for circulation. If coin burning mechanisms are implemented or the supply is reduced in other ways, this could lead to a significant increase in the price.

3. Backing from major institutions: Coins that achieve significant gains are often backed by major financial institutions or projects that rely on that coin. If Hamster Coin can get similar support, it could boost its market value.

4. Market Stability: One of the major factors that influences the overall cryptocurrency market is the state of the market. If the markets continue to grow sustainably and the digital world and individual investors become more interested in cryptocurrencies, there may be a greater chance for Hamster to reach higher levels.

Potential challenges

Despite the optimism shown by some regarding Hamster Coin, there are several challenges facing small currencies in general:

1. High Volatility: Minor currencies often experience huge price fluctuations over short periods. This can lead to significant losses for investors if the value declines quickly.

2. Regulatory uncertainty: Many governments and regulatory bodies around the world are still considering how to regulate cryptocurrencies. Any regulatory decisions could impact smaller currencies in particular and hinder their progress.

3. Intense Competition: There are a large number of cryptocurrencies in the market, all of which are seeking to attract investors and attention. The intense competition makes it difficult for smaller coins to stand out and reach the desired value.