If you're considering holding or selling your HAMSTR now that it's live on Binance, here are a few important points to keep in mind. Your decision could have a significant impact on your portfolio.
1. **Oversupply Concerns**
There are currently 120 billion HAMSTR tokens in circulation. While "Phase 2" reserves are being promoted as a strategy, it might simply be a way to keep holders on board while the team exits.
2. **Declining Community Trust**
The project has been banning legitimate members for alleged rule violations, damaging community trust. This growing dissatisfaction could lead to a wave of sell-offs, driving the token's value down further.
3. **Weak Pre-Launch Hype = Risky Outlook**
The lack of excitement before the launch is worrisome. With minimal interest, HAMSTR's initial price might be disappointing, causing holders to sell as soon as trading begins.
4. **Lack of Utility**
HAMSTR has limited real-world use, and its anonymous team, vague roadmap, and poor communication don't inspire confidence. In comparison, projects like FLIP and BONE have clear purposes and active communities.
**My Take: Be cautious.**
I've sold 85% of my HAMSTR holdings because holding onto it feels more like gambling than making a smart investment. It's important to reassess and not let emotions cloud your judgment, especially when a price drop seems likely.
Make informed decisionsâdon't let emotions drive your strategy.
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