$HMSTR If you are bullish, go buy BTC, ETH, SOL. If you are chasing the bag on memes, try WIF, try 1000SATS. Why commit to this coin? Your opportunity cost for profiting from established coins as opposed to this... is 0.
People often ask why this coin keeps falling and I will just give a few short points.
1. This coin is a layer 3 token
This coin has no fundamental technology or technological value-add like layer 1 tokens (ETH) or layer 2 tokens (POL).
2. Community support is weak
Coins don't always need technology to succeed, such examples are of memecoins (WIF, PEPE, DOGE). However, for a coin to succeed without fundamental value, it requires a strong community support. HMSTR, being widely dubbed #SCAMSTER and receiving so much backlash, lacks community support.
3. Project support
For a layer 3 coin to succeed, it will require strong support from the creators to provide liquidity and to support key price levels. HMSTR team doesn't care.
Just leave this coin. Like I said, it could balloon up and pump like crazy, but when will that day come? Will you be able to survive the losses till a day that is not guaranteed to come? Or would it be wise to cut the losses and trade quality coins at no added cost?
