The Hamster Token ($HMSTR) made a strong debut with an initial market cap of $615 million. However, let's compare it with some other tokens. For instance, the $NOT token launched with a heftier $945 million market cap, while $DOGS started at $875 million. On the lower end, Ice entered the market with just $5 million. Yet, despite these differences, their trajectories unfolded in unexpected ways.
Currently, Hamster is trading at 0.005425 USDT, reflecting a decline of 9.87%. A key observation here is that, despite the significant financial support behind Hamster, it didn’t generate returns as impressive as Ice. The reason? It comes down to token distribution. Ice had a vast supply of 7.1 billion tokens, but fewer people were mining it. In contrast, Hamster was over-farmed from the outset, flooding the market and diminishing early participants' rewards.
The lesson here? Projects like Ice, which remained relatively underutilized, delivered higher returns. Meanwhile, tokens like Hamster, which quickly garnered mass attention, suffered from overfarming, hurting early adopters' profits. The takeaway for investors? Don't just chase trending tokens—look for those flying under the radar to maximize your potential rewards.
Many well-known tokens are rising in value not due to their inherent utility but because of influencer-driven hype. Stay vigilant and craft a smart strategy to capture better returns!
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