#MarketDownturn #BinanceLaunhcpool #HMSTR #HAMSTERCOIN #USDT $USDC
Currently, the price of the Hamster Combat Token (HMSTR) has fallen significantly, losing over 65% in the last 24 hours to around $0.0236. This may be due to the large volume of sales after the initial hype around the Binance listing and the massive airdrop that attracted a lot of attention. Players from countries such as Nigeria and Russia are actively selling the received tokens, which may put additional pressure on the price.
Despite the current decline, there is potential for further growth. Some analysts predict that the token may stabilize at $0.04 by the end of 2024 after initial fluctuations. If the team continues to innovate and the game remains popular, a rise to $0.075 is possible in the coming months. However, it is worth being prepared for significant risks, especially in the initial stages, when many players and early investors are trying to lock in profits, which can cause an additional drop in value.
If you are prepared for short-term fluctuations and believe in the long-term potential of the game, this can be an interesting asset for investment. At the same time, many investors may wait for stabilization before making large investments.
The Hamster Combat (HMSTR) token, as already mentioned, experienced a sharp drop in price after the initial hype and airdrop. Among the main reasons for this is the large volume of sales from players who received coins for free. Today, the token is worth about $0.0236, which is 65% lower than in the last day. The total market capitalization of the project is estimated at $2.35 billion, and the volume of trading in the last 24 hours is about $3.49 million.
As for the prospects, opinions are divided. On the one hand, the listing on Binance and the massive interest (more than 1.3 million users in the BNB pool) show the significant potential of the project, and the short-term price growth may reach $0.04-$0.075 by the end of 2024. However, the risks are also high, as players from developing countries may continue to actively sell their tokens.
The long-term perspective remains in question, as the project belongs to the tap-to-earn sector and may face competition and "innovation fatigue". Constant updates and attracting new users will be important for long-term growth.
Thus, investors should weigh both the upside potential and the risks, especially in the short term.
