Anticipation is building for the upcoming launch of Hamster Kombat's HMSTR token, set to debut tomorrow on major exchanges like Binance and OKX.
Airdrop analyst Gautam Gupta predicts a price drop post-listing, as many airdrop hunters typically cash out quickly.
Gupta compares this launch to Notcoin, which achieved a fully diluted valuation of around $900 million by releasing a large portion of its tokens during its airdrop.
If Hamster Kombat mirrors this approach with 63% of its 100 billion tokens available at launch, the expected market cap could range from $504 million to $567 million, leading to an initial price between $0.008 and $0.009.
However, Gupta warns about the project’s speculative nature, citing concerns over the team’s experience and the token’s long-term utility. Crypto influencer Ajay estimates a price range of $0.005 to $0.01, suggesting a $1 billion market cap is unlikely.
Preparations for the listing are in full swing, with Binance reporting over $14 billion in total value locked. The three-day airdrop will distribute 3 billion HMSTR tokens, coinciding with the trading launch. As excitement mounts, the HMSTR airdrop and on-chain claims will begin at 10:00 UTC on September 26, with trading set to start at noon UTC.
According to Marcus Thielen, head of research at 10x Research, experienced traders are increasingly shifting their attention from Bitcoin to promising altcoins.
After a 15% rally in the last two weeks, Ethereum (ETH) is now stabilizing between $2,600 and $2,700.
Hamster Kombat (HMSTR), a play-to-earn (P2E) game on Telegram, is gaining significant traction as it nears its launch, thanks in part to Binance’s backing.
A crypto trader recently made headlines by turning a small $135 investment into an astounding $1.2 million in just 15 days, thanks to a sharp rise in the value of a new token called Terminus.