With the upcoming HMSTR launch, I’ve received a flood of questions about its potential price movement. Let’s dive into the numbers to get a better understanding. Projected Launch Price: Based on similar tokens in the market, the average market cap falls between $180M and $340M. Given that there are approximately 58 billion HMSTR tokens in circulation, this suggests an initial launch price range of $0.003 to $0.0047. Alternative Scenario: If HMSTR matches the strong market cap seen by assets like DOGE, reaching $580M, we could see a higher launch price in the ballpark of $0.0090. Key Considerations: There are some predictions claiming #HMSTR could hit $1 or even $7, but these forecasts seem overly optimistic and should be approached with caution. It’s important to manage expectations based on sound analysis rather than speculative hype. Community Discussion: What’s your opinion on HMSTR’s future? Could it soar to become the next breakout token, or will it remain in the meme token category? I’d love to hear your take! #BinanceLaunchpoolHMSTR #Hamstercombo #BLUM
Coinspeaker Shiba Inu Burn Rate Skyrockets 13,900% as SHIB Price Eyes Rebound Shiba Inu (SHIB) has seen a huge spike in its burn rate, suggesting a possible price rebound. According to the Shibburn tracker, the platform that monitors the rate and amount of SHIB burnt, the burn rate has spiked by more than 13,900% in the last 24 hours. As a result, 96,634,993 SHIB tokens have been sent to dead wallets. This notably aligns with the community’s effort to reduce the token’s circulating supply. New Burn Mechanism Facilitate SHIB Burn This massive burn rate surge coincides with an increase in the price of SHIB earlier this week. After this short-paced uptick, the token’s price has fluctuated. At the time of this writing, SHIB traded at $0.000014, corresponding with a 1.09% dip, per CoinMarketCap data. The burn rate has reignited new hopes for a potential price rebound. From the circulating supply of about 583 trillion SHIB, the project has successfully destroyed over 410 trillion tokens.