Gamers holding onto their HMSTR are likely to make a profit right now as the token has increased in price. In the last 24 hours, Hamster Kombat has gained over 60% in profit. Notably, this price surge occurs as the growing ecosystem prepares for the launch of Season 2.
Hamster Kombat halts withdrawals as Season 2 approaches
The upcoming Season 2 will feature a second airdrop allowing players to take over a game development studio run by a hamster as they design tap-to-earn gameplay titles.
Remember that the first airdrop disappointed many players. The new season may see a better shift to further boost HMSTR.
Currently, token holders can no longer withdraw their assets as the project has announced. On the positive side, those holding HMSTR in-game will be rewarded for their actions.
The token is gradually gaining momentum and could eventually turn its holders into millionaires in the coming months. Notably, the second airdrop is expected to occur in the summer of 2025.
Current market data shows HMSTR's price skyrocketing 69.65% in 24 hours to $0.004839. Other important metrics also appear optimistic at this time.
As the 174th largest cryptocurrency by market capitalization, this token currently has a market cap of $311.53 million.
The price surge may have attracted significant attention to the cryptocurrency, as clearly shown in its trading volume. This metric has surged by 1373.13% in such a short time and is currently at $545.07 million.
Whenever trading volume spikes, it often indicates investor and trader interest in the digital asset. Therefore, HMSTR may be the star of the week with speculations about the sustainability of this growth.
Hamster Kombat and Epic Recovery Push
Even with the recent price surge, HMST is still significantly below its peak price of $0.01004. However, it is noteworthy that this is the first time this token has seen such impressive gains since the airdrop a few weeks ago.
Less than a week ago, HMSTR reached a new all-time low price of $0.0025. Coin Republic reports that this token has dropped significantly, down 44.22% in a month.
At that time, other Telegram-based tokens like Catizen (CATI) and Notcoin (NOT) also experienced similar price drops. Therefore, the new price signals a potential recovery that may be maintained overall.
Where is HMSTR heading?
If HMSTR maintains its price increase, it could reach $0.01. If so, it will outperform many other altcoins in the market.
Market observers have sensed that the upward momentum may continue. HMSTR could see further gains, with an ambitious target of reaching a price of $0.01 before the year ends.
Clearly, there is a change in market sentiment, cutting across the broader cryptocurrency market. Bitcoin (BTC) has reached a new all-time high (ATH) above $76,000. Ethereum (ETH) has also seen some gains, and HMSTR may follow suit in correlation.
