Before you rush into selling your $HAMSTR tokens, letâs explore some crucial factors that could affect your investment, particularly with the recent listing on Binance. Hereâs what to keep in mind:
1. Oversupply Concerns:
With a massive 120 billion $HAMSTR tokens in circulation, the âPhase 2â reserve strategy seems more like a tactic to retain investors while insiders might be cashing out. This surplus could exert downward pressure on the tokenâs price.
2. Diminishing Confidence:
Recent actions, such as banning community members for minor infractions, have raised alarms and contributed to a decline in trust. As faith in the project wanes, we might witness a surge in sell-offs, further driving the price down.
3. Lackluster Launch & Ambiguous Utility:
The hype surrounding $HAMSTRâs launch didnât meet expectations, and the absence of clear utility in its roadmap leaves its future in doubt. In contrast to tokens like $FLIP or $BONE, which have tangible use cases, $HAMSTR struggles to demonstrate its potential.
Iâve personally decided to sell off 85% of my holdings and redirect my focus to more stable investments. Always remember to make decisions based on facts rather than emotions, especially when the market outlook appears uncertain.
